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McKinsey & Co.—the consulting firm that was associated with magazine closings, layoffs and deep budget cuts at Condé Nast—is hard at work again inside 4 Times Square.
McKinsey has been hunkering down with publishers in what insiders describe as the newest phase of the firm’s work there. According to people familiar with the process, the consultants have been asking questions about how the publishers run their businesses and where they see growth opportunities.
Word of McKinsey’s activity is bound to stoke some concerns inside Condé, given what happened back in 2009.
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