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Exclusive: Condé Nast hires Quyen Du for new role pursuing M&A

Kerry Flynn
Jun 21, 2022
Quyen Du headshot

Quyen Du. Photo: courtesy of Condé Nast

Condé Nast has hired Quyen Du, formerly of Fandom and NBCUniversal, as senior vice president, strategy and corporate development.

Why it matters: This new role is tied to Condé Nast's efforts to explore potential M&A, joint ventures, investments and other new initiatives.

  • "We are at a stage in our evolution where M&A and business development are a more prominent focus than ever before. It's a dynamic market in media and we are ready to capitalize on our strengths within it," CFO Jackie Marks wrote in an email to Axios.

Details: Du started Tuesday and reports to Marks.

  • Du was most recently vice president, head of corporate development at pop culture and entertainment company Fandom. She held similar roles at NBCU, Disney, and Showtime.
  • Condé's most recent M&A has centered around tech companies, such as Ribyt and CitizenNet in 2017, as opposed to magazine titles.

Of note: CEO Roger Lynch, who started at Condé in 2019, has repeatedly mentioned M&A interest in recent press interviews.

  • In a December New York Times story, Lynch said Condé has a "very thoughtful and compelling plan that takes us to 2026" that includes "looking at acquisitions, partnerships, all things that require capital."
  • "We are definitely starting to turn our sights externally and consider M&A," he told the Wall Street Journal in February.
  • The Sunday Times reported in April that Lynch considered buying The Athletic, now owned by NYT.
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