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Conde Nast Portfolio Drops To 10 Issues/Year; Men's Vogue Drops To Two Issues/Year (FishbowlNY)
As Conde Nast asks for a 5% staff reduction across the board, it's magazine Portfolio will scale back to 10 issues a year from 12. Meanwhile Men's Vogue will be dropping from 10 issues a year to just two. There are rumors that Conde Nast is going to cut the portfolio.com Web site down to virtually nil. Mediaweek: Men's Vogue publisher Marc Berger is leaving the company. The fate of the rest of the staff isn't clear. Folio:: Through September, ad pages for Men's Vogue were down 4.8 percent, according to the Publishers Information Bureau. Silicon Alley Insider: "It's a bloodbath," at Portfolio.com, "But a very slow and polite one." NYT: Aside from Men's Vogue and Portfolio, said Conde execs, staff cuts would mostly be achieved by attrition -- though they said there would be some layoffs. NYP: A source said that the only thing keeping Portfolio going under is the pride of Conde Chairman S.I. Newhouse, who doesn't want to admit that the magazine is faltering. "It would be too much of an embarrassment," this person said. BusinessWeek: The problem facing Conde is that the amount of patience companies can lavish upon new launches has shrunken significantly -- even for a company which for long was reputed to be remarkably indifferent to profit margins.
Seeing that even the big dogs miss the mark takes some of the sting out of the Classic Style troubles.
Conde Nast Portfolio Drops To 10 Issues/Year; Men's Vogue Drops To Two Issues/Year (FishbowlNY)
As Conde Nast asks for a 5% staff reduction across the board, it's magazine Portfolio will scale back to 10 issues a year from 12. Meanwhile Men's Vogue will be dropping from 10 issues a year to just two. There are rumors that Conde Nast is going to cut the portfolio.com Web site down to virtually nil. Mediaweek: Men's Vogue publisher Marc Berger is leaving the company. The fate of the rest of the staff isn't clear. Folio:: Through September, ad pages for Men's Vogue were down 4.8 percent, according to the Publishers Information Bureau. Silicon Alley Insider: "It's a bloodbath," at Portfolio.com, "But a very slow and polite one." NYT: Aside from Men's Vogue and Portfolio, said Conde execs, staff cuts would mostly be achieved by attrition -- though they said there would be some layoffs. NYP: A source said that the only thing keeping Portfolio going under is the pride of Conde Chairman S.I. Newhouse, who doesn't want to admit that the magazine is faltering. "It would be too much of an embarrassment," this person said. BusinessWeek: The problem facing Conde is that the amount of patience companies can lavish upon new launches has shrunken significantly -- even for a company which for long was reputed to be remarkably indifferent to profit margins.
Seeing that even the big dogs miss the mark takes some of the sting out of the Classic Style troubles.