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Posts Tagged ‘Teen Vogue’

Tallying Up The Condé Nast Layoffs — So Far

4 times square.jpgCan you believe it’s already been over two weeks since Condé Nast shuttered four titles, resulting in about 180 layoffs?

In the past few weeks, more layoffs have come to almost every surviving Condé Nast title, and all of them (except maybe The New Yorker) will likely experience cuts before the end of the year — if not the end of the week.

Read on for a round up of layoffs at Condé Nast that we’ve heard of so far. Know of any that we missed? Drop us a note.

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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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Layoffs On The Horizon For Condé Nast?

4 times square.jpgWith McKinsey & Co. wrapping up its work at Condé Nast, the vultures are out. Severe budget cuts are a given, and layoffs are not too much of a stretch. The question is: which publications will be hardest hit?

Last week, we reported that publishers were likely going to be asked to cut their budgets by 25 percent. That same number has shown up in articles in Crain’s New York Business and The New York Observer.

According to Crain’s, publishers have already started meeting with the company’s Chief Operating Officer John Bellando, although the actual cutting may not start until October. Reports Crain’s:

“The meetings with Mr. Bellando, which began last week and are continuing through this week, are aimed at reducing budgets at each of the company’s titles by an average of 25 percent, sources say. The editors and publishers, who will be in charge of cutting from their respective departments, will have two to three weeks to submit their budgets for approval. Staff and spending cuts could soon follow.”

The Observer reports that leaders at Details, Condé Nast Traveler and Glamour have already had meetings where they have been asked to cut budgets by about 25 percent. Gourmet and Teen Vogue have also reportedly had similar meetings where they were asked to make the same cuts. However, as previously reported, The New Yorker is immune to these cuts, The Observer said.

There is one upside: neither of these insider reports mention any titles as being at risk for closure. If these reports are to be trusted, it looks like all of Condé Nast’s remaining titles could escape the chopping block. However, their staffers may not be as lucky.

Condé Nast execs expected to cut 25%Crain’s New York Business

McKinsey Proffers Pie Graphs: Several Condé Mags to Cut “25-ish Percent”The Observer

Earlier: Could Condé Nast Cut Budgets By 25 Percent?

Hearst-Owned Marie Claire Adds A Hearst To Fashion Dept

mc.jpgMarie Claire announced two new additions to its fashion department yesterday and, not surprisingly, the Hearst Corp.-owned fashion mag now has a Hearst on the masthead.

Socialite and busy magazine intern and contributor Amanda Hearst has been named associate market editor at Marie Claire, where she will report to “Project Runway” staple Nina Garcia, the magazine’s fashion director.

Also reporting to Garcia will be Taylor Tomasi, who has been named style and accessories director, Marie Claire‘s editor-in-chief Joanna Coles announced yesterday. The two will start in their newly created roles on Monday.

A Condé Nast vet, Tomasi was previously the accessories director at Teen Vogue and got her start at W. Fashionista has reported that Teen Vogue will not be replacing her.

And in addition to being an heir to the Hearst fortune, Amanda Hearst has been keeping busy and involved in publishing through internships, like her most recent at Cosmopolitan Spain, “where she helped research and contribute to articles exclusively in the Spanish language,” the company said. We have to admit, she sounds very multi-talented and qualified for the position. But we’re allowed to be jealous that she’s snagged a coveted spot at a family-owned magazine in the midst of the worst job market in recent history, right?

Full release after the jump

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Fashion Magazines Hit Hard by Economic Downturn

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We’re starting to get a sense of how bad a hit the mag industry has taken this year. WWD is reporting that fashion and luxury titles have borne the brunt. The industry as a whole saw a 10% decline in ad pages in the third quarter as a result of significantly reduced spending from major ad categories like “pharmaceutical, automotive, technology, and beauty.” However, the numbers get even scarier where fashion is concerned:

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Big September Magazines to Feature a Whole Lot of White Actresses on Their Covers

sfall.jpgOh the September magazine, boon to advertisers and chiropractors everywhere. The cover of a September tome is roundly considered to be the Mt. Everest of fashion accomplishments for models everywhere, so which ones will be gracing this years line-up? None! It’s all about the starlets. Again. This year’s line-up, courtesy of WWD, as follows:

  • Vogue: Keira Knightley

  • Glamour: Penelope Cruz
  • W: Kate Hudson (is it just us or does it feel like she’s on the cover of something every month?)
  • In Style: Uma Thurman
  • Cosmopolitan: Blake Lively
  • Teen Vogue: Vanessa Hudgens
  • Allure: Carrie Underwood
  • Elle: Jessica Simpson

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