Another Cost Cutting Measure: Condé Cuts Newspaper Subscriptions
Over the past year, Condé Nast has tried a number of cost-cutting measures — from limiting corporate car use to shutting down whole magazines. Yesterday, the company said it would no longer be paying for its employees’ newspaper subscriptions. Is this evidence of McKinsey & Co. at work?
According to a memo leaked to Mediaite, the company will no longer pick up the tab for newspaper subscriptions, single copies or house accounts at Hudson News — unless a title can’t be found online or in the Condé library.
What will they cut next? Gym membership discounts? Visits from the sushi chef? Where will they draw the line?
(Photo from Flickr)
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