Thursday, July 19, 2012

Condé Nast to Restructure, Time Layoffs at SI


Following months of rumblings about big changes at Condé Nast, the publishing giant seems to finally be making good on the predictions. Today, Condé confirmed speculation about major restructuring in its corporate sales department in an effort to integrate its print and digital sides.
Separately, Terry McDonell, editor of the Time Inc. Sports Group, announced layoffs of ~8% of a 210-person staff.
The group includes Sports Illustrated, Golf and SI Kids.