Conde Nast Claims Troubles Are Temporary
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Conde Nast is claiming that their troubles are only temporary.
“We have what we believe is a short-term problem with advertising revenue,” [Conde Nast editorial director Tom Wallace said]. “That problem seems to be improving. How long will there be print magazines? I don’t know. But for as long as there will be, Condé Nast is well positioned.”
And more:
“The advertising revenue until proven otherwise is cyclical,” said Mr. Wallace. “And if it is proven otherwise, we’ve already adjusted for it.”
