Thursday, October 11, 2012

More Cuts for Condé Nast

Condé Nast, home to The New Yorker, Vogue and Vanity Fair, is poring over preliminary budgets for next year — and it doesn’t look pretty.
While not every mag is finished going over the books with President Bob Sauerberg and Chief Financial Officer John Bellando, so far most titles are being asked to come up with another 5 percent in budget cuts for the new fiscal year that starts Feb. 1.