There's a lot of talk about uber-giant magazine publisher Condé Nast this week regarding cutbacks the company's reorganization consultants are making to the company's staff and storied perks. Today the speculation continues with reports of layoffs at The New Yorker magazine yesterday just as the New York Observer reported the magazine would be spared.
Last month Condé Nast, publisher of Vogue, Glamour, Allure, GQ, Details, Lucky, Gourmet, Vanity Fair and many other magazines, hired a firm specializing in reorganization to help it "rethink" its business strategies, after its magazines took a beating through the first half of the year, with ad pages in severe decline. In April, the company shuttered its business magazine Portfolio, after just a year.
"ad pages in severe decline"
They must have sorted that problem out coz my latest copy of the UK Vogue, out of over 350 pages, about 300 were just ads!
Posted by: Andi | August 15, 2009 at 05:09 PM