Chicago magazine, a monthly owned by Tribune Publishing, has replaced its editor and publisher in the latest development of a management shake-up unleased by new owner Michael Ferro.

Chicago-based Tribune Publishing has named Susanna Homan the new publisher and editor-in-chief of the magazine. Until now, Homan led Splash, a society, arts and cultural news weekly produced by Chicago rival Wrapports and inserted in its Chicago Sun-Times newspaper.

Outgoing Chicago magazine Publisher Tom Conradi may take another role at the publication, according to a source familiar with the changes, but editor-in-chief Elizabeth Fenner, 42, said she will leave the publication after today.

The monthly is making the changes just weeks after Tribune Publishing came under the leadership of Ferro,who formerly led Wrapports.

He and a group of Chicago investors created that company to buy the Sun-Times in December 2011. Some of the same investors joined with him last month to pay $44 million for a 16.5 percent stake in Tribune Publishing, prompting him to say he'll donate his stake in Wrapports to a charitable trust.