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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
FinanceConde Nast

Conde Nast just acquired Pitchfork Media

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Jen Wieczner
Jen Wieczner
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By
Jen Wieczner
Jen Wieczner
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October 13, 2015, 2:40 PM ET
Pitchfork Music Festival 2015 - Day 3
CHICAGO, IL - JULY 19: Mike Wallace and Matt Flegel of Viet Cong perform during Pitchfork Music Festival 2015 at Union Park on July 19, 2015 in Chicago, United States. (Photo by Daniel Boczarski/Redferns via Getty Images)Photograph by Daniel Boczarski — Redferns via Getty Images
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Alongside Vogue, Vanity Fair and The New Yorker, you can now add Pitchfork to the ranks of Conde Nast properties.

The music site announced its acquisition by the magazine publisher Tuesday. The price of the deal was not disclosed.

A nearly 20-year-old company, Pitchfork Media is known for its expertise in indie rock criticism, and for hosting annual music festivals in Chicago and Paris. This year’s French event, coming up at the end of this month, will be headlined by Thom Yorke of Radiohead.

While Conde Nast said it was attracted to Pitchfork’s online coverage, the music publication recently launched a quarterly print magazine. Speaking to the New York Times, Fred Santarpia, Conde Nast’s chief digital officer, further explained that it was Pitchfork’s readership demographic—dominated by young men—that particularly appealed to the magazine company:

It brings “a very passionate audience of millennial males into our roster,” he said.

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