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Revolving Door Newsletter: 10.05.12

Ominous News From Conde and WSJ; GMA Finds A New Guest Host

October 5, 2012
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Conde Nast is cutting again, this time five percent across all magazines (even The New Yorker, which avoided the guillotine over the summer). "2012 isn't going to be as big a year as we hoped," said one editor. "We all have to pull in the reins a little bit." Layoffs are not being mandated -- at least not yet -- but they are a good way to cut overhead. Insiders expect at least a few publications to cut staff. You never want to hear about layoffs, but things could ...

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