Word: townsendized
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...closure was announced in a memo from Condé Nast CEO Chuck Townsend that brought other grim tidings: the company also folded Elegant Bride and Modern Bride into Brides magazine, which increased its circulation to monthly, and closed parenting title Cookie. But it was Gourmet - the grande dame of food periodicals - that struck most deeply at the hearts of epicures and magazine fans, who were bemused by the fact that Bon Appétit, the lower-brow of the company's two foodie titles, simmered on. (See the top 10 magazine covers...
...These businesses should be 25% net margin businesses," Townsend said in an interview with the website Mediaite. "We have had some underperformers, but not businesses that have cost us money to run except for launches and businesses like Gourmet that, with the economy, have slipped into...
While Los Angeles-based Bon Appétit survives, its future is not all tarts and champagne. Upstart magazines from big names including Rachael Ray and the Food Network are making the ad market more competitive. And CEO Townsend warned that every magazine will have to shave its budget...
...Harvard hand is a pretty bold new approach to the whole problem,” said Townsend. “It went against everything everyone else was trying...
...potential solution has ramifications outside the household as well, since rigid hands used in manufacturing often break whenever they are struck by heavy objects, said Barrett President and CEO William T. Townsend...