Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Cuts Meet a Culture of Spending at Condé Nast (Dinosaur Media DeathWatch™)
The New York Times ^ | September 27, 2009 | Stephanie Clifford

Posted on 09/28/2009 6:31:39 AM PDT by abb

A three-month McKinsey & Company project advising the publisher how to reduce costs is drawing to a close, and several magazines have been told to cut about 25 percent from their budgets. The company’s editors and publishers have already been under pressure to reduce costs this year, as advertising has plunged, and Condé Nast has closed two magazines in 2009, Domino and Condé Nast Portfolio.

But cost-cutting at Condé Nast is not quite like cost-cutting at other publishers. For example, on Oct. 13, the men’s magazine GQ will host a party in Washington to promote its list of powerful capital players, to appear in its November issue. The party is upscale: it will be held at the 701 Restaurant, known for its caviar and live piano music.

That is not the only expense involved. Several editorial employees will travel from New York for the evening. And they received an e-mail message recently reminding them to limit their expenses for the night — to $1,000 a person.

That culture of spending at Condé Nast explains some of the fascination with the place, which incites a mix of envy and scorn among employees at other magazines. Condé Nast’s top editors and publishers have drivers on call, staff members can be reimbursed for $15 a day for lunches they order in, and even freelance writers stay at hotels like the W when they are on assignment.

Those perks would be unremarkable at any investment bank or law firm, at least before the recession. But magazine companies other than Condé Nast have become grim places to work in recent years.

Time Inc. outlined layoffs of 600 employees last October, almost all of which were completed by the end of last year, Dawn Bridges, a spokeswoman for Time Inc., said in an e-mail message.

snip

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; condenast; dbm; magazines
Navigation: use the links below to view more comments.
first previous 1-2021-35 last
To: abb

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=114268
Changing Times: Online Trumps Newspapers

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=114358
Network Phenom: Little Broadcast Erosion

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=113899
TV, Agency Vets Leap To Fill Interactive TV Void


21 posted on 09/28/2009 7:24:18 AM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Zakeet

I think they could fix that, if they just put Obama on the cover some more...


22 posted on 09/28/2009 7:27:31 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: ponygirl
I used to take Architectural Digest. When they ran their second story about nut case Bill Koch's mansion, that was enough for me. I still get beg letters offering AD for less than the cost of printing it.
23 posted on 09/28/2009 7:27:43 AM PDT by Eric in the Ozarks
[ Post Reply | Private Reply | To 18 | View Replies]

To: abb

http://www.philly.com/philly/blogs/attytood/Nabobs_natter_about_the_passing_of_William_Safire_1929-2009.html
William Safire, “nattering nabobs” and the power of words


24 posted on 09/28/2009 8:08:24 AM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 21 | View Replies]

To: abb

Thanks. Another reason I love FR, someone here knows everything.


25 posted on 09/28/2009 8:30:52 AM PDT by GeronL
[ Post Reply | Private Reply | To 17 | View Replies]

To: abb

http://www.nytimes.com/2009/09/28/business/media/28genius.html?ref=media
‘Genius Grant’ Allows Reporter to Chase More Crime

http://www.cjr.org/behind_the_news/the_prophet_motive.php?page=all
The Prophet Motive

http://www.miamiherald.com/opinion/other-views/story/1255416.html
Limit anonymity for Internet critics


26 posted on 09/28/2009 10:05:22 AM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Milhous; Grampa Dave

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004016373
SPECIAL REPORT: Pension Plans the Latest Worry for Publishers


27 posted on 09/28/2009 10:16:03 AM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 26 | View Replies]

To: abb

http://www.latimes.com/entertainment/news/la-et-ratings28-2009sep28,0,4400322.story
Strong start to the fall TV season

This is not uprising surprise to it is not me. Cable Networks DeathWatch™)

December 19, 2008 4:00 AM PST
http://news.cnet.com/8301-1035_3-10125962-94.html

SNL Kagan data also indicates that cable penetration of homes passed peaked at 65.5% in 1998. As of yearend 2006, cable subscriptions stood at 65.4 million, or 58.4% of 111.9 million homes passed, according to the data. Due to two recent quarters of declining cable subscriptions, this figure is likely to drop further by the end of 2007, SNL Kagan said.”
http://www.marketingcharts.com/television/snl-kagan-cable-subscription-data-contradicts-fcc-chairman-kevin-martin-2634/

HDTV (High Definition Television)
is here today, and it’s FREE!

See the Public Service Announcement

Don’t be misled…
you don’t have to use a pay service to have “High Definition Television” (HDTV)

http://www.myfreehdtv.org/body.html

According to two recent studies, HDTVs are now in about one-third of all homes, making it increasingly important for pay TV operators to deploy a strong high-definition offering if they wish to retain current customers. And the Consumer Electronics Association predicts that some 27.7 million new HD sets will be sold in 2009.

http://www.multichannel.com/article/CA6620569.html


28 posted on 09/28/2009 12:01:41 PM PDT by Kevin J waldroup ( Go Duncan Hunter 2012)
[ Post Reply | Private Reply | To 13 | View Replies]

To: abb

http://www.editorandpublisher.com/eandp/columns/forestwebs_display.jsp?vnu_content_id=1004016532
FORESTWEB Report: Total Newsprint Consumption Reaches Lowest Point, Year-Over-Year

http://www.newspaperdeathwatch.com/
Bailouts and Bankrolls


29 posted on 09/28/2009 1:05:51 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 27 | View Replies]

To: abb

30 posted on 09/28/2009 1:10:29 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 29 | View Replies]

To: ponygirl
re: I'm aware. A few years ago when I was job hunting I tried everything to get a foot in the door over there but found it virtually impossible. )))

It's very tribal and clique-y, and pays poorly because most who work there are trust fund babies.

31 posted on 09/28/2009 1:14:47 PM PDT by Mamzelle (Who is Kenneth Gladney? (Don't forget to bring your cameras))
[ Post Reply | Private Reply | To 20 | View Replies]

To: Eric in the Ozarks
Who reads these magazines ?

Advertisers are starting to fear it's the "homeless" ... and the well to do who get it at such reduced rates it's almost a throw-away... All sizzle - no steak.

32 posted on 09/28/2009 1:19:23 PM PDT by GOPJ (UN mixing democracies & dictators' is like mixing ice cream and shit-all of it stinks.(Steyn))
[ Post Reply | Private Reply | To 4 | View Replies]

To: abb

http://www.onthemedia.org/transcripts/2009/09/25/01
Newspapers Go To Washington

http://theplumline.whorunsgov.com/political-media/bill-keller-clarifies-times-editor-monitoring-ideological-media-will-focus-on-right-and-left/
Bill Keller Clarifies: Times Editor Monitoring Ideological Media Will Focus On Right And Left

http://www.cleveland.com/schultz/index.ssf/2009/09/web_sites_anonymity_brings_out.html
Web sites’ anonymity brings out the worst in some posters: Connie Schultz


33 posted on 09/28/2009 2:39:09 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 30 | View Replies]

To: abb
too bad the conservative NY Post is getting hammered.
34 posted on 09/28/2009 3:32:41 PM PDT by Lucius Cornelius Sulla (He said red, yellow, black or white, All are equal in his sight, Mmm, mmm, mm!, Barack Hussein Obama)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Lucius Cornelius Sulla

Yes. This suggests that the phenomenon is more related to shifts in technology than the political bent of the publication.


35 posted on 09/28/2009 3:42:05 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
[ Post Reply | Private Reply | To 34 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-35 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson