According to report in The New York Times, Condé Nast will reduce the annual frequency of Portfolio from 12- to 10-times and Men’s Vogue from 10- to 2-times, as part of a new, cost-savings plan. The publisher has reportedly reduced budgets by five percent, across the organization. The New York Times (Oct. 30, 2008)
New York Times media columnist David Carr recounts some of the bad publishing headlines from recent days and laments the fact that more than 90% of newspapers’ revenues still come from their legacy printed products — despite their growing and vital websites. Readers still value the information publishers produce, but the industry still hasn’t devised [...]
Time Inc. plans a re-organization that will result in a more centralized management structure, grouping titles with similar audiences together, sharing editorial resources between titles and focusing more intensively on the publisher’s biggest brands. The re-structuring will include a 6% reduction in workforce, eliminating 600 positions. None of Time Inc.’s 24 U.S. titles is expected [...]
The lifestyle magazine for Harvard alums (and their ilk) cited current economic decisions in an email announcing the decision. The New York Observer (Oct. 24, 2008)
Put the eponymous chairman on the cover, smiling beneficently, and include within reassuring comments from him about the economy’s long-term prospects. The editorial staff did much more than that, of course, but the downward-spiraling economy led the magazine’s editors to push for the very rare occurrence of a Forbes, in this case Steve, on the [...]
Among the changes being made by OK! General Manager Kent Brownridge: a new editor, new executive creative director and a new publisher. The personnel moves are part of Brownridge’s plan to steer the magazine to profitability in 2008. The New York Post (Oct. 24, 2008)