It’s been a week since W magazine was sold, and already there may be a bit of discord brewing.
Sources tell WWD an issue over pay is bubbling up between some W employees set adrift and Surface Media, which last week closed a deal to acquire W and formed Future Media Group. Although a small handful of employees, including W’s digital director and p.r. director, decided not to sign on with Surface/Future of their own accord, another small group — thought to be under 10 and working in digital and print — were terminated by Condé Nast and not hired by Surface/Future.
Stefano Tonchi, W’s former editor in chief, is also claiming his own pay issues. He last week sued Condé’s corporate parent Advance Publications for just over $1 million, claiming he was wrongfully denied severance pay and classified by Condé executives as being terminated with “cause,” leaving the company to claim his employment agreement was null.
In a morning meeting the day of the sale announcement, W staffers were summoned in an e-mail by Anna Wintour, editor in chief of Vogue and Condé’s artistic director, and told that they had 24 hours to sign on with the new company and failure to do so would be considered a resignation from Condé, meaning the company had no responsibility toward them.
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