Jul 31, 2009
Newspapers that have been written off on the corporate expense account will no longer be reimbursed by the company, according to an edict that went from chief bean counter David Orlin late yesterday. It applies to subscriptions as well as single- copy sales, and there is no phasing-in period. It goes into effect on Monday.

Paper Cuts for Conde Nast- New York Post

Just the opening salvo in an 11 week cost cutting exercise at Conde Nast, spearheaded by McKinsey.

I was a consultant a couple of years ago, engaged in a very similar exercise at different magazine company.

A magazine is not a typical corporate culture.  These are ‘fabulous’ people.  Strip them of perks and you attack their identity.  This is not going to be pretty.

(via johnfitzpatrick)

As an ex-Conde Naster, let me tell you what else they should cut: the triple layers of publishing side management.  Most titles have reps, ad directors, associate publishers and publishers.  So unnecessary.

(via evangotlib)

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I'm a high school dropout, the long-term CEO of blip.tv and a former warblogger. Subscribe via RSS.