<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>MediaMemo &#187; McKinsey</title>
	<atom:link href="http://mediamemo.allthingsd.com/tag/mckinsey/feed/" rel="self" type="application/rss+xml" />
	<link>http://mediamemo.allthingsd.com</link>
	<description>by Peter Kafka</description>
	<lastBuildDate>Wed, 25 Nov 2009 21:42:48 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.4</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<image>
		  <url>http://allthingsd.com/theme/images/logo-rss.jpg</url>
		  <title>All Things Digital</title>
		  <link>http://allthingsd.com/</link>
		  <width>144</width>
		  <height>22</height>
	</image>		<item>
		<title>Here Are the Cond&#233; Nast Cuts: Modern Bride, Elegant Bride, Gourmet, Cookie Closing</title>
		<link>http://mediamemo.allthingsd.com/20091005/here-are-the-conde-cuts-modern-bride-elegant-bride-gourmet-cookie-closed/</link>
		<comments>http://mediamemo.allthingsd.com/20091005/here-are-the-conde-cuts-modern-bride-elegant-bride-gourmet-cookie-closed/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 14:56:55 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[MediaMemo]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[econalypse]]></category>
		<category><![CDATA[entertainment]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[television]]></category>
		<category><![CDATA[ad pages]]></category>
		<category><![CDATA[advertisers]]></category>
		<category><![CDATA[arrivals departures feature]]></category>
		<category><![CDATA[Bon Appetit]]></category>
		<category><![CDATA[brands]]></category>
		<category><![CDATA[Brides]]></category>
		<category><![CDATA[channels]]></category>
		<category><![CDATA[Chuck Townsend]]></category>
		<category><![CDATA[Conde Nast]]></category>
		<category><![CDATA[cookie]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[distribution]]></category>
		<category><![CDATA[Domino]]></category>
		<category><![CDATA[economic downturn]]></category>
		<category><![CDATA[Elegant Bride]]></category>
		<category><![CDATA[Epicurious.com]]></category>
		<category><![CDATA[Gourmet]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[internal memo]]></category>
		<category><![CDATA[magazine]]></category>
		<category><![CDATA[McKinsey]]></category>
		<category><![CDATA[Modern Bride]]></category>
		<category><![CDATA[monthly]]></category>
		<category><![CDATA[Portfolio]]></category>
		<category><![CDATA[programming]]></category>
		<category><![CDATA[publications]]></category>
		<category><![CDATA[publishing]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[Ruth Reichl]]></category>
		<category><![CDATA[staffing cuts]]></category>
		<category><![CDATA[Time Inc.]]></category>
		<category><![CDATA[Time Warner]]></category>
		<category><![CDATA[titles]]></category>
		<category><![CDATA[TV]]></category>
		<category><![CDATA[Vanity Fair]]></category>
		<category><![CDATA[workforce reductions]]></category>

		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=11719</guid>
		<description><![CDATA[Here are the long-awaited cuts that Cond&#233; Nast has been mulling: Modern Bride, Elegant Bride, Gourmet and Cookie are all closing. More details via an internal memo from CEO Chuck Townsend.]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2009/03/conde-nast-building.jpg"><img class="alignright size-medium wp-image-4926" title="conde-nast-building" src="http://mediamemo.allthingsd.com/files/2009/03/conde-nast-building-300x168.jpg" alt="conde-nast-building" width="250" height="140" /></a>Here are some of the long-awaited cuts that Cond&eacute; Nast has been mulling: The publisher is shuttering Modern Bride, Elegant Bride, Gourmet and Cookie.</p>
<p>It&#8217;s not a huge shock to see some of those titles go: Cookie, for instance, wasn&#8217;t a prestige title for Cond&eacute;&#8211;like Domino, which the publisher closed down earlier this year, it was founded in 2005.</p>
<p>But Gourmet is one of Cond&eacute; Nast&#8217;s most famous titles, and editor <a href="http://www.ruthreichl.com/">Ruth Reichl</a> is one of Cond&eacute;&#8217;s best-known editors. Most observers would have figured that Bon App&eacute;tit would go instead. CEO Chuck Townsend says the Gourmet brand will live on, zombie-style, via TV and publishing deals.</p>
<p>Cond&eacute; has long cultivated a reputation as the magazine world&#8217;s most glamorous outpost, impervious to the petty concerns that bedeviled lesser folk. But the double-punch of the ad industry&#8217;s move away from print titles and a recession that pole-axed the luxury brands Cond&eacute; depends on, has staggered the publisher. (Disclosure: I do some free-lance work for Cond&eacute; title Vanity Fair).</p>
<p>Signs of trouble showed up late last year when the publisher made uncharacteristic staffing cuts. And in 2009, it began shuttering magazines: In addition to Domino, it <a href="http://mediamemo.allthingsd.com/20090427/is-conde-nast-shuttering-portfolio/">closed Portfolio in April</a>, just two years after a high-profile launch.</p>
<p>By July, Townsend had brought on consultants from McKinsey and Company to help figure out where else it could trim; the news that <a href="http://mediamemo.allthingsd.com/20090721/heres-why-mckinseys-coming-to-conde-nast-the-coming-black-september/">September ad pages would be down anywhere from 17 percent to 47 percent</a> made it clear that other titles would be going.</p>
<p>I wouldn&#8217;t expect this to be the last big set of magazine cuts, by the way: <a href="http://mediamemo.allthingsd.com/20090928/time-warner-dumping-its-magazines-not-so-fast/">Time Warner (TWX), for instance, has made it clear that it wants to hang on to Time Inc.</a> but that it thinks the publisher employs too many people who produce too many titles.</p>
<p>Here are the details on the Cond&eacute; cuts, via an internal memo (intended for public consumption) from Chuck Townsend:</p>
<blockquote class="memo"><p>From: &#8220;Townsend, Chuck&#8221;<br />
Date: Mon, 5 Oct 2009 10:16:52 -0400<br />
To: Conde Nast Publications-All &lt;_273fee@condenast.com&gt;<br />
Conversation: Announcing Changes within Condé Nast<br />
Subject: Announcing Changes within Condé Nast</p>
<p>We have now completed an extensive review of our business&#8211;an important undertaking given the dramatic changes in the U.S. economy. The review has led us to a number of decisions designed to navigate the company through the economic downturn and to position us to take advantage of coming opportunities.</p>
<p>Condé Nast’s success comes from the ability of our publications to attract readers with a wide range of interests, as well as advertisers who value them. But in this economic climate it is important to narrow our focus to titles with the greatest prospects for long-term growth.</p>
<p>As a result of our review, Brides will increase its frequency to monthly to solidify its position as the most important brand in the bridal category, and Modern Bride and Elegant Bride will close.</p>
<p>Gourmet magazine will cease monthly publication, but we will remain committed to the brand, retaining Gourmet’s book publishing and television programming, and Gourmet recipes on Epicurious.com. We will concentrate our publishing activities in the epicurean category on Bon Appétit.</p>
<p>Finally, Cookie magazine will be discontinued, and resources that had been dedicated to its publishing will be invested elsewhere.</p>
<p>The editorial and business staffs of Modern Bride, Elegant Bride, Gourmet, and Cookie all have earned their magazines large and devoted followings. We have been proud to publish these titles, and we are grateful to the staffs for their hard work and dedication.</p>
<p>These changes, combined with cost and workforce reductions now underway throughout the company, will speed the recovery of our current businesses and enable us to pursue new ventures. In the coming weeks, we hope to announce initiatives to develop digital versions of our brands that will make use of new devices and distribution channels.</p>
<p>Condé Nast is now in its 100th year of creating the most respected and iconic brands in the publishing world. These changes will ensure that our unique publishing company will continue in its preeminent position for many years to come.</p></blockquote>
<span class="fdPrintIncludeParentsPreviousSiblings"></span><span class="fdPrintIncludeParentsChildren"></span>]]></content:encoded>
			<wfw:commentRss>http://mediamemo.allthingsd.com/20091005/here-are-the-conde-cuts-modern-bride-elegant-bride-gourmet-cookie-closed/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shhhhhh! Media, Tech Moguls Meeting Today. Don't Tell Anyone!</title>
		<link>http://mediamemo.allthingsd.com/20081111/shhhhhh-media-tech-moguls-meeting-today-dont-tell-anyone/</link>
		<comments>http://mediamemo.allthingsd.com/20081111/shhhhhh-media-tech-moguls-meeting-today-dont-tell-anyone/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 16:08:24 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Facebook]]></category>
		<category><![CDATA[MediaMemo]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[Activision]]></category>
		<category><![CDATA[Andrew Ross Sorkin]]></category>
		<category><![CDATA[Barry Diller]]></category>
		<category><![CDATA[Becky Quick]]></category>
		<category><![CDATA[Ben Wolff]]></category>
		<category><![CDATA[Brian Robert]]></category>
		<category><![CDATA[Brian Williams]]></category>
		<category><![CDATA[Charlie Ergen]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Cisco]]></category>
		<category><![CDATA[Clearwire]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[Dan Hesse]]></category>
		<category><![CDATA[David Faber]]></category>
		<category><![CDATA[Echostar]]></category>
		<category><![CDATA[Equity Group]]></category>
		<category><![CDATA[Foursquare]]></category>
		<category><![CDATA[George Stephanopoulos]]></category>
		<category><![CDATA[Hiroshi Mikitani]]></category>
		<category><![CDATA[IAC]]></category>
		<category><![CDATA[JC Decaux]]></category>
		<category><![CDATA[Jean-Bernard LEvy]]></category>
		<category><![CDATA[Jean-Francois Decaux]]></category>
		<category><![CDATA[Jim Citrin]]></category>
		<category><![CDATA[Jim Wiatt]]></category>
		<category><![CDATA[Joanne Lipman]]></category>
		<category><![CDATA[John Chambers]]></category>
		<category><![CDATA[Joshua Steiner]]></category>
		<category><![CDATA[Katie Couric]]></category>
		<category><![CDATA[Maria Bartiromo]]></category>
		<category><![CDATA[Matt Cooper]]></category>
		<category><![CDATA[McKinsey]]></category>
		<category><![CDATA[Naguib Sawiris]]></category>
		<category><![CDATA[Nancy McKinstry]]></category>
		<category><![CDATA[New York Times]]></category>
		<category><![CDATA[News Corp.]]></category>
		<category><![CDATA[Orascom Telecom]]></category>
		<category><![CDATA[Peter Chernin]]></category>
		<category><![CDATA[Philippe Dauman]]></category>
		<category><![CDATA[Portfolio]]></category>
		<category><![CDATA[Quadrangle]]></category>
		<category><![CDATA[Rakuten]]></category>
		<category><![CDATA[Robert Kotick]]></category>
		<category><![CDATA[Robert Nardelli]]></category>
		<category><![CDATA[Robert Stephens]]></category>
		<category><![CDATA[Sam Zell]]></category>
		<category><![CDATA[Sheryl Sandberg]]></category>
		<category><![CDATA[Spencer Stuart]]></category>
		<category><![CDATA[Sprint]]></category>
		<category><![CDATA[Steve Ballmer]]></category>
		<category><![CDATA[Steve Hasker]]></category>
		<category><![CDATA[Thomson Reuters]]></category>
		<category><![CDATA[Tom Glocer]]></category>
		<category><![CDATA[Tribune]]></category>
		<category><![CDATA[Viacom]]></category>
		<category><![CDATA[Wiliiam Morris]]></category>
		<category><![CDATA[Wolters Kluwer]]></category>

		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=918</guid>
		<description><![CDATA[Under normal circumstances, if the CEOs of big companies like Cisco, Microsoft, and Comcast speak in front of an audience of bigwigs, it's news. But you're unlikely to hear what John Chambers, Steve Ballmer and Brian Roberts say today and tomorrow at Quadrangle's Foursquare conference--no press allowed. Unless...]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2008/11/empty-chairs.jpg"><img class="alignright size-medium wp-image-923" title="empty-chairs" src="http://mediamemo.allthingsd.com/files/2008/11/empty-chairs-300x225.jpg" alt="" width="250" height="187" /></a>Under normal circumstances, if the CEOs of big public companies&#8211;like, say, Cisco (CSCO), Microsoft (MSFT) and Comcast (CMCSA)&#8211;speak in front of an audience of bigwigs, it&#8217;s news.</p>
<p>And who knows? Maybe John Chambers, Steve Ballmer and Brian Roberts will indeed say something important today and tomorrow at Quadrangle&#8217;s Foursquare conference. Chrysler&#8217;s Robert Nardelli is speaking too. He might have something newsworthy to say.</p>
<p>But you are unlikely to read about it.</p>
<p>That&#8217;s because there&#8217;s no press allowed at the private equity shop&#8217;s annual conference, which starts this afternoon at New York&#8217;s Plaza Hotel.</p>
<p>Or rather, there&#8217;s <em>some</em> press at the event. But they&#8217;ll be on stage. And they won&#8217;t be telling their readers and listeners what they saw and heard.</p>
<p>CNBC&#8217;s David Faber, Becky Quick and Maria Bartiromo, for instance, will be moderating panels over the next few days. So will the New York Times&#8217; Andrew Ross Sorkin. And network TV news bigshots Katie Couric, George Stephanopoulos and Brian Williams will answer questions themselves (Portfolio&#8217;s Matt Cooper will be moderating that one).</p>
<p>Am I crabby because I asked (nicely) and couldn&#8217;t get in myself? Nah. It&#8217;s Quadrangle&#8217;s event, and they can run it any way they want. But it does look like a pretty good gathering of worthies. Maybe I&#8217;ll park myself in the Plaza&#8217;s lobby and see if I can bump into some of them.</p>
<p>Want to join me? Here&#8217;s the agenda for next two days:</p>
<p><strong>Tuesday 11/11</strong><br />
2:00 PM WELCOME<br />
Joshua L. Steiner (Quadrangle)</p>
<p>ONE ON ONE WITH JOHN CHAMBERS (Cisco)<br />
Moderated by Jim Citrin (Spencer Stuart)</p>
<p>WHO DO YOU TRUST: INFORMATION AND NEWS IN AN  OPEN WORLD<br />
Tom Glocer (Thomson Reuters), Nancy McKinstry (Wolters Kluwer) and Sheryl Sandberg (Facebook)<br />
Moderated by David Faber (CNBC)</p>
<p>ALL ABOUT WIRELESS<br />
Jean-Bernard Lévy (Vivendi), Naguib Sawiris (Orascom Telecom) and Ben Wolff (Clearwire)<br />
Moderated by Steven Rattner</p>
<p>4:15 PM BREAK</p>
<p>GOING IT ALONE IN AN INTERCONNECTED WORLD<br />
Philippe Dauman (Viacom), Charlie Ergen (EchoStar) and Robert Kotick (Activision)<br />
Moderated by Becky Quick (CNBC)</p>
<p>GLOBAL E-COMMERCE: $500 BILLION AND GROWING<br />
Barry Diller (IAC) and Hiroshi Mikitani (Rakuten)<br />
Moderated by Steve Hasker (McKinsey)</p>
<p>6:15 PM COCKTAIL RECEPTION<br />
Grand Ballroom Foyer<br />
The Plaza<br />
<strong><br />
Wednesday 11/12</strong><br />
8:30 AM WELCOME<br />
ONE ON ONE WITH STEVE BALLMER (Microsoft)<br />
Moderated by Ken Auletta (The New Yorker)</p>
<p>INNOVATION AND THE NEXT BIG IDEA<br />
Jean-François Decaux (JC Decaux) Robert Stephens (Geek Squad founder?) and Jim Wiatt (William Morris)<br />
Moderated by Andrew Ross Sorkin (New York Times)</p>
<p>A CONVERSATION WITH SAM ZELL (Equity Group, Tribune Co.)<br />
Moderated by Joanne Lipman (Portfolio)</p>
<p>10:00 AM BREAK</p>
<p>COOP-ER-TITION: A CONVERSATION WITH PETER CHERNIN (News Corp.) AND BRIAN ROBERTS (Comcast)<br />
Moderated by Ken Auletta</p>
<p>REBUILDING A BRAND FROM THE TOP DOWN<br />
Dan Hesse (Sprint) and Robert Nardelli (Chrysler)<br />
Moderated by Maria Bartiromo</p>
<p>NOON Concluding Luncheon<br />
CAMPAIGN 2008: IN FRONT OF THE CAMERA AND BEHIND THE SCENES<br />
Katie Couric (CBS), George Stephanopoulos (ABC) and Brian Williams (NBC)<br />
Moderated by Matt Cooper (Portfolio)</p>
<p>[<em>Image Credit: <a href="http://www.flickr.com/photos/pinkmoose/2355080489/">PinkMoose</a></em>]</p>
<span class="fdPrintIncludeParentsPreviousSiblings"></span><span class="fdPrintIncludeParentsChildren"></span>]]></content:encoded>
			<wfw:commentRss>http://mediamemo.allthingsd.com/20081111/shhhhhh-media-tech-moguls-meeting-today-dont-tell-anyone/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
	</channel>
</rss>
