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        <title><![CDATA[Karlie Kloss, Kaia Gerber among W Magazine’s new investors]]></title>
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        <lastBuildDate>Fri, 14 Aug 2020 21:37:00 +0000</lastBuildDate>
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            <media:title type="html">Karlie Kloss, Kaia Gerber among W Magazine’s new investors</media:title>
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        <content:encoded><![CDATA[<p>W Magazine’s editor-in-chief Sara Moonves has masterminded a buyout of the fashion glossy led by Karlie Kloss.</p><p>Other A-list investors include Kloss’ fellow supermodel Kaia Gerber, “Get Out” producer Jason Blum, F1 racer Lewis Hamilton, Peloton marketing exec Dara Treseder and LionTree’s Aryeh Bourkoff.</p><p>Sources told Page Six that as part of the deal, all W staffers are no longer furloughed.</p><p>The magazine will reportedly print one “aggregate print issue” for the rest of the year, which will be its annual New Originals issue this fall. Starting in 2021, W plans to resume publishing six times per year.</p><p>The new venture is called W Media, which will have a partnership with Bustle Digital Group.</p><p>It’s just the latest twist for W, which began as a sister publication to WWD at Fairchild Publications, before it was bought by Condé Nast. Last year, <strong>Condé Nast sold off W to Future Media</strong> — which also owns Surface and Watch Journal. Moonves was named the new editor, taking over for fashion vet Stefano Tonchi.</p><p>But in March when the pandemic hit, <strong>W’s staff was furloughed</strong> and publication was suspended, until Moonves hatched the latest chapter.</p>]]></content:encoded>
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