W magazine, formerly at Condé Nast, is now under the ownership of a group of investors led by Karlie Kloss.
Variety reported that editor-in-chief Sara Moonves said she had assembled a group of investors under a joint venture called W Media.
Other investors include Kaia Gerber and F1 driver Lewis Hamilton, as well as producer Jason Blum, Kirsten Green, Dara Treseder, Aryeh B. Bourkoff, and a talent advisory firm, Copper.
One more issue is planned for 2020, with six issues slated for 2021.
W began life in 1972 at Fairchild Publications, where it was a sister publication to Women’s Wear Daily. Condé Nast acquired Fairchild in 2000. It sold W in 2019 to Future Media, which suspended publication earlier this year, citing the COVID-19 outbreak.