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Posts Tagged ‘DNR’

Year-End Condé Nast News: Subpoenas, Ad Sales Concessions, New Project

4 times square.jpg2009 was a difficult year for Condé Nast, one of the big magazine publishers based in New York. Things got so bad for the company, it hired infamous consultants McKinsey & Co. to come in and look over its books, eventually slashing budgets by about 25 percent across the board for 2010 and scuttling six pubs before the year was out. Since it’s a large industry leader, media watchers look at changes at Condé Nast as indicative of the sector — so after a tough year good news for Condé might mean good news for the rest of us.

First, the publisher seems to be (finally) recognizing that its bread and butter, luxury advertising, has taken a nosedive in recent years. Mediaweek reports today that Condé Nast has been giving more concessions to advertisers for the coming year, including seeking only a 2.5 percent increase in CPM rates, when it had customarily sought 5 percent.

Today also brings news that Condé Nast is seeking subpoenas of Google and AT&T in an attempt to gather info about five hackers who allegedly accessed the company’s computer network earlier this year, publishing content from men’s magazine GQ before the pub hit newsstands. The subpoenas are the latest in the publisher’s copyright infringement suit against the hackers, The New York Post‘s Keith Kelly reported.

And in other news, FishbowlNY has heard from various sources within Condé that the company’s Fairchild Publications division is working on a new men’s wear publication. This new pub comes just over a year after the company shuttered men’s wear trade DNR and its monthly sister pub Menswear, folding them into WWD. When Condé Nast starts launching publications instead of folding them, it’s good news for everyone.

Condé Nast Gets Flexible With 2010 Ad ConcessionsMediaweek

Condé subpoenas Google, AT&T in hacker fightNew York Post

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FishbowlNY’s 2009 Lists: In Memoriam

cronkite.jpgOur favorite part of any award show is the memorial montage commemorating the lives of all those who passed away in the past year. While this year’s headlines were populated by the tragic deaths of celebrities and other bold-faced names — from Michael Jackson and Farrah Fawcett to Patrick Swayze and Senator Ted Kennedy — our industry lost quite a few of its prominent members in 2009 as well. Here, a look back at some of the media’s brightest stars we said goodbye to this year:

Former anchorman Walter Cronkite was perhaps the biggest name in the media world to pass away in 2009, and he was honored by a star-studded memorial in September.

A number of famous columnists also left us without their prolific narratives about politics, celebrities and the English language in 2009. Conservative columnist Robert Novak died in August from a brain tumor, Vanity Fair‘s Dominick Dunne passed away later that month after a battle with bladder cancer. The New York Times‘ “On Language” columnist, William Safire, died in September from pancreatic cancer. Another columnist who we had the pleasure of working with last year, men’s wear expert Stan Gellers, died suddenly last winter, just a few months after the publication he had contributed to for more than 50 years, DNR, folded.

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What It’s Like To Go On The “Today” Show

today show.jpg

Once you commit yourself to going on a show like the “Today” show, especially when you’ve decided to open up about something as private as your finances, you just have to give in and go with it. Even if you end up getting teased about it on Gawker.

Ever since I was laid off nearly a year ago from a magazine gig at Condé Nast, I have been afraid to check my bank statements and growing credit card balances. I knew I needed help, so when I heard that Jean Chatzky, a financial contributor for the “Today” show, was looking for subjects for a money makeover, I volunteered.

I was hoping she would help me budget, but instead she held my feet to the fire and motivated me to find more work. Unemployment barely paid my bills, and freelance jobs require work to find — and that’s before the any of the actual work is done. But by the time Chatzky deemed me ready to appear on the show, I had miraculously found a number of new gigs, including this one, and my finances are in slightly better shape.

After soliciting Chatzky’s help, it was time to play my part and appear on the “Today” show.

Read on to hear about my experience plus the video

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What’s Left At Condé Nast?

conde nast logo.jpgCondé Nast is one of the largest magazine publishers in the U.S., and the news earlier this week that it was shuttering four titles really didn’t change that.

Condé still has 18 consumer magazine titles, plus two trades — WWD and Footwear News — under its Fairchild Publications arm. But the company had been working hard to streamline it portfolio in the past year. In addition to Cookie, Gourmet, Modern Bride and Elegant Bride, which all folded this week, the company has shuttered several titles this year. Men’s Vogue went a year ago, followed by men’s wear trade pub DNR (our former home), Domino and then Portfolio

So what’s left?

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Confessions Of A Condé Nast Layoff Victim, And Some Tips To Help You Survive The Next 6 Months

pink slip protest.jpgIn November 2008, I learned that the Condé Nast-owned magazine where I was working, DNR, was closing. I was out of a job, along with about a dozen of my colleagues. So when I hear reports that my former employer’s decision today to close four titles has cost 180 people their jobs, I can’t help but remember that day less than a year ago when I was going through it myself.

Not only did I experience the devastation of losing my job and seeing a 116-year-old publication disappear forever, but I survived. I’m still working as a journalist, I’m not homeless and, most of the time, I can pay my bills. And the panic attacks and a paralyzing sense of self-doubt have subsided over time. I managed somehow. And so can you.

So how did I do it? I accepted help from family and friends — emotional and monetary — whenever they offered. I changed my expectations. I tried new things, talked to new people and sent my resume to everyone who I thought could help. The first six months were the most difficult, but during that time I learned more than I ever wanted to know about unemployment insurance, COBRA and writing cover letters.

If you’re one of the many who had found themselves out of a job today, I think my experiences might help you through the next scary six months of your life. Read on for three things that will help you survive unemployment.

(Photo via flickr)

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WWD Gets New Neighbors As Condé Nast Leases Space To The Economist

third ave.jpgThe Economist is on the move and will soon be sharing a cafeteria with the stylistas at WWD.

Yesterday, the Economist Group announced that it has leased nearly 62,000 square feet of space from Condé Nast-owned Advanced Magazine Publishers at 750 3rd Ave. The financial publication will be taking over the fifth and sixth floors at the Condé building currently occupied by Fairchild Publications titles including WWD, Footwear News, W and the Condé Nast bridal group.

Space has been opening up on 750 3rd Ave for a while as Condé has cut staff and expenses. When men’s wear trade DNR folded last year (disclosure: I used to work there) its second floor offices were cleared out and the few remaining staffers who transitioned to WWD were moved to an office off of FN‘s space on the eighth floor. It looks like there will be more movement in the building as they prepare for the new tenant.

The Economist Group is planning to relocate from its long-time home at 111 West 57th Street in the second quarter of next year.

Do you work at 750 3rd Ave and have any other info? Send us an email or leave a comment below. What other changes are going on at the building?

(Photo of the 750 3rd Ave cafeteria via flickr)

Ex Men’s Vogue Publisher Finds A New Home At Conde Nast

berger.jpgThree months after Richard Beckman took over as CEO of Conde Nast-owned Fairchild Fashion Group, he has made his first big hire. Beckman has brought on former Men’s Vogue publisher Marc Berger as publisher of trade pub Footwear News.

Berger has replaced Jay Spaleta, who was named publisher of WWD in April 2004 and moved to oversee the smaller trade publications DNR and FN in August 2007. After DNR folded last year, Spaleta’s only charge was FN, Conde Nast‘s smallest magazine.

Berger was previously the publisher at Conde title Men’s Vogue which folded last year. Before that, he worked at Details (also Spaleta’s former home), Cargo, Vanity Fair and GQ.

Full release after the jump

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Swine Flu Hits Conde Nast As Newhouse Profile Hits Newsstands

nymag.pngThis morning, a warning went out to all of Conde Nast‘s New York employees that an employee on the 12th floor of the company’s 4 Times Square headquarters had tested positive for swine flu. (If you’re hip to Conde HQ you know that floor is where Vogue is housed.)

But since the memo noted that the infected employee is “under a doctor’s care and currently recovering at home,” the media company was probably more worried this morning about the latest New York magazine cover story, which profiled Conde chairman Si Newhouse.

Steve Fishman‘s in-depth profile attempts to get to the heart of Newhouse’s psyche, quoting an anonymous source who calls him “semi-blank,” and asserting that he surrounds himself with superstar editors who represent a part of himself that he can’t express on his own. “In a sense, he’s like a polished surface, and the editors tend to see themselves in him,” Fishman wrote.

And of course Fishman can’t ignore the fact that Conde Nast is in the red despite closing a number of magazines in the past two years, including, most recently, Portfolio. Still, he points out that “The belief around the building is that next year, if the economy recovers, Conde Nast will again turn profitable.” Fishman doesn’t let on if he agrees, but he does mention that there are still rumors of more magazine closings to come. “Which will be next? Wired? Architectural Digest? Does the company really need two food magazines?”

As a former Conde employee ourselves, we did find at least one omission in Fishman’s reporting. His list of shuttered publications — Jane, House & Garden, Men’s Vogue, Golf for Women, Domino and Portfolio — he left out our former home, the men’s wear trade DNR.