Condé Nast's Reckoning Continues
5 monthes ago - By WWD
SLOW RIDE: It's been a rough decade at Condé Nast.
Bracing for what looks to be at least a second straight year of operating in the red after seeing ups and downs with ad-dependent revenue since 2009 - when one of the first rounds of budget cuts at Condé rolled out - the publisher's chief executive officer Robert A. Sauerberg on Wednesday told staff, and on Thursday The Wall Street Journal, that there are plans to get the publisher profitable by 2020 and add $600 million in new revenue.
Chief among the strategies is to reduce Condé's reliance on advertising as a revenue stream (little...
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