Condé Nast selling off mags after $120,000,000 loss

[rcjordan]

https://boingboing.net/2018/08/02/conde-nast-selling-off-mags-af.html

What a shock to their system, eh?

[buckworks]

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]

They likely have more overhead baggage than most.  As we've seen, online revenues will not sustain an old-school print media business.

[ergophobe]

A. What of value does CN have other than magazines?

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

[rcjordan]

>A

Reddit

<added>
It's owned by CN's parent company.

[rcjordan]

<time warp>

Oh yeah, this is going to work.

Conde Nast plans to charge advertisers a premium for digital subscribers - Business Insider
https://www.businessinsider.com/conde-nast-plans-to-charge-advertisers-a-premium-for-digital-subscribers-2019-1

[ukgimp]

Clueless

[rcjordan]

Will Condé Nast As We Know It Exist in a Decade?
http://nymag.com/intelligencer/2019/10/will-cond-nast-as-we-know-it-exist-in-a-decade.html


^{Note the question mark, so the answer is 'No.'}