ONE AMERICA NETWORK TO LAUNCH
One America News Network, a conservative cable TV network bankrolled by Herring Broadcasting and supported by the Washington Times, is slated for a summer launch to compete with News Corp.'s Fox News.

Robert Herring said OANN, is aimed at viewers with "independent, conservative and libertarian values."

He noted that Fox News is currently the only game in town for conservatives, while liberals have "a half dozen or more choices on TV each day from where to get their news."

Herring has promised to sink "hundred of millions" of dollars to bring his new network to life.

San Diego-based HB is owner of the Wealth TV network. For OANN, it will rely on WT studio facilities in D.C. from news reports and analysis programs.

OANN is expected to debut on July 1 with an initial market penetration of 10M to 15M homes and a goal of 90M households.

WINTOUR EXPANDS DUTIES AT CN; AP BANKROLLS RENT THE RUNWAY
Anna Wintour, long-time editor-in-chief of Vogue, has been named artistic director of publishing parent Conde Nast.

She will some of the duties of Si Newhouse, the 85-year-old CN chairman who began relinquishing day-to-day management chores last fall.

Charles Townsend, CEO of CN called Wintour, 63, the "driving force behind the success of CN." She is to "extend her influence beyond the Vogue brand to the rest of the organization," according to his statement.

To Townsend, Wintour is an "icon in the worlds of fashion, business and the arts, she has the foresight and wisdom to influence the major trends of our society and is respected globally as an accomplished businesswoman."

Wintour sees her role as a "one-person consulting firm" who will advise editors on the direction of their magazines.

AP Bankrolls Rent the Runway

Advanced Publications, owner of CN, led a round of investors including American Express and Novel TMT Ventures pouring nearly $25M into Rent the Runway, an online service that rents designer clothing and accessories to users.

RtR co-founder Jennifer Hyman describes her company as an "experiential marketing engine" that allows consumers to rent clothing for about 10 percent of the retail price. It also provides exposure to young designers.

RtR has a roster of 170 designers and more than 35K dresses on its site.

Hyman said RtR will use the cash infusion to invest in "people, marketing and scaling our operation to make sure we are delivering incredible customers experiences," according to a report in WWD.

Her company has raised a total of $56M. Other investors are Bain Capital Ventures, Kleiner Perkins Caulfield & Byers and Highland Capital Partners.