Condé Nast’s famously Byzantine digital strategy may be getting a little bit easier to understand: The company’s Web operations, which had been splintered into two groups, are getting melded into one, which will be run by Condé digital exec Sarah Chubb.
Here’s the deal: If you work at a media company that hasn’t had layoffs recently, just go ahead and assume they’re coming. This afternoon’s installment: CondéNet, which manages some but not all of media giant Condé Nast’s Web operations, is cutting staff “across the board.”
More cuts at Condé Nast: The publisher will fire most of the staff of its Portfolio.com Web site, which is run separately from its sister print publication. The site’s editorial staff of roughly two dozen will be shrunk down to “single digits,” says a source at the company. But Condé Nast managers haven’t told Portfolio.com staffers who’s staying and who’s going.
Time Warner’s Time Inc. won’t be the only magazine publisher making cuts this fall: Condé Nast is trimming its sails, too. The privately held publisher is reportedly telling every one of its titles to cut five percent from both its editorial and business ledgers, a number that MediaMemo hasn’t been able to confirm.
But I can tell you that the staff at Portfolio, Condé’s business magazine, launched with equal parts fanfare and controversy last year, has been summoned to an all-hands meetings that should be starting … now. I’ll pass along more details as I get them.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
