Here are the long-awaited cuts that Condé Nast has been mulling: Modern Bride, Elegant Bride, Gourmet and Cookie are all closing. More details via an internal memo from CEO Chuck Townsend.
Here’s why Condé Nast is bringing in McKinsey & Co. for an emergency overhaul: The publisher’s lousy year isn’t getting any better. New numbers out today show that Condé’s September issues will be miserable across the board, with ad pages down anywhere from 17 percent to 47 percent. And that’s if you interpret the data favorably.
Vanity Fair’s prescient decision to put all of Todd Purdum’s Sarah Palin profile on the Web last week paid off big on Friday. But it would have done even better had the story featured a slideshow with photographs of attractive young women.
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. Read more »
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.
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