You might think that Condé Nast’s headquarters at 4 Times Square — where the September issue of Vogue is viewed as one of humankind’s crowning achievements — would be the last place to look for Web innovation. With its fat, luscious magazines and elevators full of thin, luscious people, it would seem to be the antithesis of the sneaker-wearing run-and-gun aesthetic of the Web.After all, rather than run the risk of dulling the luster of the printed Vogue or Gourmet, the company produced Style.com and Epicurious.com, which took some content from the magazines, but kept the Web at arm’s length.But there have been signs that the company is serious about constructing a digital business that is less beside the point. Soon after getting his hands on Wired.com, Steven Newhouse, chairman of Advance.net, the digital division of the parent company, moved to buy Reddit.com, a social news site along the lines of Digg, although smaller.Last week, all the attention was focused on the $1.8 billion grab by CBS for eyeballs with the purchase of CNet. But during the same week, Condé Nast bought Ars Technica, a small but very influential Web tech site; Webmonkey, a site for Web developers that will be restarted today; and Hot Wired, a storied brand from early Internet days — which ran the first banner ad ever. The price was not disclosed, but the company probably spent another $25 million on the acquisition, according to executives there familiar with the deal.Geeks Crash a House of Fashion - New York Times
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