Condé Faces More Cuts

Company facing print ad pinch

Condé Nast is asking its publishers to cut 5 percent from their budgets as the weak ad market is expected to bleed into the second half and beyond, company sources tell Adweek.

A handful of brands including Golf Digest and Teen Vogue cut staff last week, although it’s not clear if those cuts were part of this mandate.

In any case, the publisher of Vogue and Vanity Fair is in the midst of its 2013 budgeting process, and it can’t be happy about what it’s seeing.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in