Tech investor backing bid to buy W magazine from Condé Nast

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Tech investor Eric Crown is backing a bid by Marc Lotenberg, chief executive of Surface Media, to buy glossy fashion title W magazine from Condé Nast, according to a well-placed source.

Crown, a prominent GOP donor who heads Tempe, Ariz.-based AZ Crown Investments, did not return a call or email seeking comment Friday.

Meanwhile, Adam Sandow, CEO of Sandow, publisher of NewBeauty and other magazines, denied speculation in Women’s Wear Daily on Friday that he is also likely involved in the investment team.

That’s despite what the Sandow company called a “significant investment” in Surface Media in 2017 when it sold Surface the in-house agency Culture+Commerce.

“Sandow is not involved in any way in the reported acquisition of W magazine or the operations of Surface Media,” Adam Sandow told The Post. “When Sandow later sold Culture+Commerce to Surface Media, Sandow received a small minority stake in Surface. Since that sale, we have not been involved in the management or board of Surface. If Surface is involved in purchasing W magazine, we wish them the best, but we are not aware of this and are not involved.”

Lotenberg could not be reached, and Condé Nast declined to comment.



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