Author Topic: Condé Nast selling off mags after $120,000,000 loss  (Read 261 times)

rcjordan

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buckworks

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Re: Condé Nast selling off mags after $120,000,000 loss
« Reply #1 on: August 03, 2018, 12:17:15 AM »
More here:

https://www.businessoffashion.com/articles/news-analysis/facing-losses-conde-nast-plans-to-put-3-magazines-up-for-sale

Conde Nast hasn't been well managed for a long time.

Example: they couldn't keep Gourmet Magazine afloat even though "recipes" is one of the busiest search categories on the web.

rcjordan

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Re: Condé Nast selling off mags after $120,000,000 loss
« Reply #2 on: August 03, 2018, 12:52:31 AM »
They likely have more overhead baggage than most.  As we've seen, online revenues will not sustain an old-school print media business.

ergophobe

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Re: Condé Nast selling off mags after $120,000,000 loss
« Reply #3 on: August 03, 2018, 05:23:09 PM »
A. What of value does CN have other than magazines?

B. In which century were those magazines still worth $120,000,000?

rcjordan

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Re: Condé Nast selling off mags after $120,000,000 loss
« Reply #4 on: August 03, 2018, 05:29:23 PM »
>A

Reddit

<added>
It's owned by CN's parent company.
« Last Edit: August 03, 2018, 05:32:34 PM by rcjordan »