Antonious Porch is stepping down as general counsel of the music-streaming and -sharing platform SoundCloud, one of the high-profile successes in a media landscape rife with challenges, to take the legal reins of magazine publisher Condé Nast.

Porch will succeed William Bowes, who stepped down this summer after serving as general counsel for four years. Puck News reported that Bowes, along with Chief Diversity Officer Yashica Olden and Chief Revenue Officer Pam Drucker Mann, departed after learning that the bonus portion of their compensation would drop sharply because of continued declines in the privately held company's valuation.