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Wednesday, September 23, 2009

DISCOUNTED CONDE

HARD CONDE:







We haven't posted much on the mayhem   at Conde Nast lately since consulting firm McKinsey & Co descended upon the publication.

Gawker reports that they have talked to an insider at Conde Nast and the McKinsey's proposals suggested:  


  • Budget reductions of around 25% at Details, Traveler, Glamour, Gourmet, andTeen Vogue.
  • Unknown budget cuts at the rest of the Conde mags—except the New Yorker, which is escaping unscathed, according to the NYO.
  • The various mag editors get to determine how to achieve their budget cuts.
  • No immediate magazine closures are predicted, but some of the weaker titles may reduce their frequency.
  • Layoffs are coming



  • We loved Gawker's catch phrase.  Bumper sticker please!!!

    Serving the Rich, Life's a Bitch!



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