Condé Nast is laying off "just under 100" staffers in the U.S. as part of a larger cost-cutting effort at the company, CEO Roger Lynch said Wednesday morning. In a staff memo obtained by The Daily Beast's Maxwell Tani, Lynch said the cuts are concentrated in "specific areas where we could bring down our costs without limiting our growth priorities," and that the company is additionally furloughing "a similar number of people in roles that can't effectively work during this period." A Condé Nast rep did not immediately respond to a question about which areas of the company have been impacted, specifically. The news comes one month after Lynch warned employees that job eliminations were likely on the horizon due to the "substantial impact" of the COVID-19 pandemic on the company's print and digital advertising business. Effective May 1, Condé Nast implemented salary cuts for all employees earning more than $100,000, ranging from 10–20% (or 50%, in Lynch's case), which he said would remain in effect through the end of September. Additionally, Lynch said the company was delaying various initiatives until 2021 in order to "reduce workloads on teams, and to focus us on immediate priorities," and was reducing the working hours "for certain roles," particularly employees who are eligible for government assistance programs. Staffers would be notified of additional actions, such as job eliminations, by the end of May, he said at the time. "To our friends and colleagues leaving the... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-05-13 14:49:32 UTC ]
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BOULDER - The Boulder-based publisher of the Daily Camera will lay off 17 advertising design and production employees in an outsourcing move, the newspaper reported Wednesday, Jan. 8. Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-02-08 00:00:00 UTC ]
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Best known for its hunting boots, which according to a recent report in the Associated Press have ousted Uggs and Crocs as the must-have footwear on college campuses, 100-year-old L.L.Bean has begun hitting the books, hard. The family-owned retailer, which reported net sales of $1.44 billion in... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-01-13 00:00:00 UTC ]
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Over 100,000 HarperCollins UK ebooks were downloaded on Christmas Day, the publisher has... Continue reading at The Bookseller
[ The Bookseller | 2011-12-28 00:00:00 UTC ]
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The year 2011 will go down in the history books as a great year for tablets mostly for Apple?s iPad, however -- not all tablet vendors fared as well as Apple. It'?s not for lack of products that prevented Android tablets from taking any market share away from Apple this year. By our calculation,... Continue reading at Betanews
[ Betanews | 2011-12-16 00:00:00 UTC ]
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In a major magazine publisher first, Condé Nast launched a private advertising exchange for select digital clientele. Partnering with service provider AdMeld, inventory from Condés entire digital portfolio was available at the time of the exchanges launch. Continue reading at Folio Magazine
[ Folio Magazine | 2011-12-08 00:00:00 UTC ]
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National Geographic Magazine topped 100,000 paid digital subscribers this past weekend and the magazine's special series on world population, which was collected into one app called "7 Billion", was the number one free app for iPad in iTunes. The 7 Billion app was promoted in Apple's new and... Continue reading at Folio Magazine
[ Folio Magazine | 2011-11-02 00:00:00 UTC ]
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This story first appears on FOLIO: sister site, minonline. Meredith Corp. chairman/CEO (since July 2004) Steve Lacy announced that the board of directors approved a $1.02-to-$1.53 per-share increase in the quarterly dividend paid to investors and authorized the repurchase of $100 million of... Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-27 00:00:00 UTC ]
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In July, Meredith Corp. launched its Engagement Dividend program, a guaranteed ROI investment partnership for select advertisers. Already, Meredith has met with over 100 companies (which equates to even more brands) about a possible partnership in the program. Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-19 00:00:00 UTC ]
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Pilot program will allow direct-to-home printer access for some branded content. Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-13 00:00:00 UTC ]
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Eerdmans Publishing Company has always flouted convention. The press, founded in Grand Rapids, Mich., on August 16, 1911, by Dutch emigrant William B. Eerdmans Sr., who led it for 52 years, remains family-owned: William Bill Eerdmans Jr., the son of its founder, has served as the companys... Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-09-30 00:00:00 UTC ]
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Magazine publisher Condé Nast is launching a fashion and design college in central London next year, offering foundation and masters programmes named after its magazine brands, such as Vogue and House & Garden. Continue reading at Media Week
[ Media Week | 2011-09-14 00:00:00 UTC ]
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For those of you still following the saga of "CondeElevator, the anonymous Twitter account supposedly written by a Conde Nast employee: It's probably not written by Conde editor John Jannuzzi, says the Daily Beast. This update comes a day after the same publication cited "multiple sources"... Continue reading at AllThingsD
[ AllThingsD | 2011-08-13 00:00:00 UTC ]
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Former Schofield Media employees are still wondering if there is a chance that select brands may be revived after the company shut down last week as a result of lender Wells Fargo pulling financing. Continue reading at Folio Magazine
[ Folio Magazine | 2011-07-28 00:00:00 UTC ]
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Company says national print advertising revenue down 11 percentGannett Co. is cutting 2 percent of its workforce, or 700 employees, at its U.S. Community Publishing division as the company struggles to turn the corner on a deep downturn in advertising revenue. Continue reading at Baltimore Sun
[ Baltimore Sun | 2011-06-22 00:00:00 UTC ]
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Financial Times has decided to go another way for their digital subscription offering, opting out of the Apple sub model and creating an app through HTML 5, allowing users to get the app experience through their Web browser. Continue reading at Folio Magazine
[ Folio Magazine | 2011-06-17 00:00:00 UTC ]
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CondeNet UK, the digital business of magazine publisher Condé Nast UK, edged closer to profitability in 2010, reducing its losses to £180,528, according to its latest financial results. Continue reading at Media Week
[ Media Week | 2011-06-14 00:00:00 UTC ]
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Written By: Charlotte Williams, Lisa Campbell and Graeme Neill Publication Date: Fri, 27/05/2011 - 08:47 Waterstone's booksellers are relieved over the chain's acquisition by Alexander Mamut, with one saying: "The staff will be behind [new managing director James Daunt] 100%." Fears remained,... Continue reading at The Bookseller
[ The Bookseller | 2011-05-27 00:00:00 UTC ]
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Hearst was the 2010 group publisher's ad-page champ according to FOLIO: sister site minonline, while Condé Nast had the largest number of individual brand advertisers across five major consumer publishers, according to data from MagazineRadar. Continue reading at Folio Magazine
[ Folio Magazine | 2011-03-17 00:00:00 UTC ]
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Luxury magazine publisher Condé Nast is launching a London newsagent, which will sell more than 110 of its magazines from around the world. Continue reading at Media Week
[ Media Week | 2011-02-14 00:00:00 UTC ]
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Written By: Lisa Campbell Quercus has announced that its market share has increased by 103% in a year. The publishing group responsible for Stieg Larsson's best-selling Millennium Trilogy, revealed the group dominated 1.37%, up from 0.66% in 2009 in a market that declined by 1.7%. Quercus chief... Continue reading at The Bookseller
[ The Bookseller | 2011-02-02 00:00:00 UTC ]
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