The New York Observer took a long hard look at the celebrated magazine publisher Condé Nast today, giving literary types some reassuring news. The article cites unnamed sources that think New Yorker editor David Remnick “will be exempt” from working with the restructuring experts from McKinsey & Company.
Even if the New Yorker is spared layoffs, the magazine company faces some tough decisions–a hot-button issue on today’s Morning Media Menu. The special guest was FishbowlNY editor Amanda Ernst (pictured), who was directly affected by Condé Nast layoffs.
Click here to listen to the whole show, but here’s a quote from Ernst: “I worked there for a short three months, and then I was a victim to their across-the-board five percent cost-cutting … I think it’s really funny that all of a sudden people are like, ‘Oh my god, the culture of Condé Nast is falling apart.’ It’s been falling apart for the last year! Didn’t you see all the magazines closing? Didn’t you see all your colleagues leave?”