Facing Losses, Condé Nast Plans to Put 3 Magazines Up for Sale

By Christine Zosche 

Condé Nast, even after having taken measures to cut spending and make itself more digitally savvy, is expected to adopt a more radical strategy to ensure that it does not fade away. (NYT)

Condé Nast looks to sell three of its titles—Bridges, Golf Digest and W—partly due to a recommendation from Boston Consulting Group. (Adweek)

The trio of magazines is among Condé Nast’s smaller titles and their potential sale is part of a larger ongoing strategy to cut costs as the company invests in digital. (New York Post)

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It’s only the latest bad news for the company, which has laid off dozens and abandoned the print versions of Teen Vogue and Self in an effort to balance their books. The Times reported that Condé Nast will have a company-wide meeting on Aug. 8 after the dismal report from the Boston Consulting Group on the company’s finances. (TheWrap)

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