Condé Nast Struggles As Ad Sales Drop

Edited by Hillary Frazier

The results are in and magazines are beginning to see their demise.  Ad sales are averaging a down of 23% for monthly magazines. For Condé Nast, it’s the worst ad environment they’ve seen in 62 years. Gawker says that industry insiders claim it will be difficult for Condé Nast to avoid losing millions, with September issues as their last hope.

Ad sales continue to drop as Wired editor Chris Anderson is bringing in $2 million a year making speeches.  Please tell me how this makes sense.

SOURCE: Gawker