“Two well-placed sources said that Condé Nast’s chairman, Si Newhouse, reached out to [New Yorker editor David] Remnick shortly after the McKinsey announcement was made and told him not to worry about anything — the magazine would be just fine, and neither McKinsey nor company executives would be mucking with his editorial costs,” the Observer‘s John Koblin reported.
FBNY has reached out to New Yorker‘s publicists, and we’ll keep you posted.
UPDATE: A New Yorker publicist has confirmed to FBNY that three of the magazine’s staffers on the business side were let go yesterday.
After doing some more digging, we have heard that the cuts were not McKinsey related. People at the New Yorker are maintaining the party line that Koblin referred to in his article: the editorial budget for the New Yorker will most likely remain untouched throughout the McKinsey process.
However, Koblin may have gotten one thing wrong: we’ve heard that Graydon Carter frequently eats in the cafeteria at 4 Times Square, and has for years.
Heard anything? Send us an email, leave an anonymous tip or a comment if you have any information.