Per a press release yesterday: "Margaret Russell has been named Editor-in-Chief of Architectural Digest, it was announced today by Thomas J. Wallace, Editorial Director of Condé Nast. Her appointment is effective September 7, 2010. The editorial headquarters of Architectural Digest, currently in California, will move to New York City."

Congratulations Margaret! From my point of view this means - Architectural Digest is now going to be a must-buy magazine!

Reporter Steve Cohn of minonline reports her debut issue will be January 2011. More details here.

Now I wonder who will replace Margaret at Elle Decor? She leaves behind huge shoes to fill.