Patrick McCarthy is Done as Editor of W

Big news out of Conde Nast: Longtime W editor and editorial director Patrick McCarthy’s time as editor is about to come to a close. The magazine’s ad pages have been falling at a dramatic rate, more so than other fashion magazines.

Conde’s editorial director Tom Wallace will look for the new editor, and Mr. McCarthy will stay on to the end of the year as “Chairman.”

Here’s the release:

CONDÉ NAST TO MOVE ALL OPERATIONS FOR W MAGAZINE OUT OF THE FAIRCHILD FASHION GROUP

 
New York, NY, March 17, 2010 – Condé Nast will move all editorial and business operations for W magazine out of the Fairchild Fashion Group, it was announced today by Charles H. Townsend, President and C.E.O. of Condé Nast.
 
Patrick McCarthy will continue in his role as Chairman of the Fairchild Fashion Group through the end of the year.  As part of the restructuring, Thomas J. Wallace, Editorial Director of Condé Nast, will name an Editor-in-Chief of W.

The senior editorial staff currently shared by W and WWD will now exclusively work for WWD.  Edward Nardoza, Editor-in-Chief of WWD, will now report to Gina Sanders, President and C.E.O. of the Fairchild Fashion Group.
 
“This formally establishes a structure for W consistent with our other consumer magazine titles, and allows FFG the autonomy to focus on their core business-to-business publications and related businesses,” Mr. Townsend said.
 
Fairchild Fashion Group includes WWD, WWD.com, Footwear News, Fairchild Summits, Fairchild Books, and trade shows.
 
Condé Nast is a division of Advance Publications. In the United States, Condé Nast publishes 18 consumer magazines, two trade publications and 27 websites.

Update: This post has been revised. Due to corporate restructuring, Fairchild CEO Gina Sanders does not oversee W. Conde Nast CEO Chuck Townsend and editorial director Tom Wallace do.