Word: cond
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...Portfolio was supposed to bring the flair of Condé Nast (whose premier titles include Vogue, Vanity Fair and Glamour) to the drab, buttoned-up world of business journalism. So big-name writers and editors were lured away from prominent publications, including editor in chief Joanne Lipman, who came over from the Wall Street Journal. She got the usual Condé Nast perks: a car and driver, an office decorated in the style of her choice, business- or first-class plane tickets everywhere. (See the best magazine covers of the past year...
...photography budget was also deep. In true Condé Nast fashion, the photographers were always top notch and well paid. Photo spreads for small stories in the front of book could easily run to $50,000 each. For one story, the magazine flew a photographer to eight locations across the country. Lavish amounts were spent on cover stories that became inside stories...
...None of the extravagance, it should be noted, is extraordinary at Condé Nast or other glossies. While ex-staffers say Lipman's background in newspapers afforded her little understanding of how much high-end magazine journalism costs, Condé Nast chairman S.I. Newhouse Jr. stuck by her a month past the April issue, which at 106 pages was reputed to be the thinnest his company had ever published. The magazine relied on advertisers from the finance, corporate-branding, car, travel and luxury-goods industries, all hard hit in this recession, and it never became a must...
...economically weakest markets in the country. Its parent, Advance Publications, has already threatened to close its paper in Newark. Employees gave up enough in terms of concessions to keep the paper open. Advance, owned by the Newhouse family, is carrying the burden of its paper plus Condé Nast, its magazine group, which is losing advertising revenue. The Plain Dealer will be shut or go digital by the end of next year...
...Then again, most publications are on an advertising diet. And Condé Nast's official position on Anna's employment is unambiguous. "This is something both [chairman] Si Newhouse and Anna Wintour have blankly denied," says spokesman Patrick O'Connell. But still the stories persist. Replacement names are bandied about: Carine Roitfeld from French Vogue is a favorite, with Amy Astley from Teen Vogue as a dark filly. The most recent reports are that all the rumors are merely the result of jostling during new contract negotiations between Wintour and Newhouse. (Read a 1988 TIME article about Wintour...