FashionIndie » mckinsey consultants http://fashionindie.com FashionIndie features all facets of fashion lifestyle. Wed, 30 May 2012 17:00:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 PRINT IS DEAD: Conde Nast To Cut Back!!! http://fashionindie.com/conde-nast-25-cuts-layoffs-loom-except-at-the-new-yorker-media/ http://fashionindie.com/conde-nast-25-cuts-layoffs-loom-except-at-the-new-yorker-media/#comments Wed, 23 Sep 2009 18:26:50 +0000 Hillary Frazier http://fashionindie.com/conde-nast-25-cuts-layoffs-loom-except-at-the-new-yorker-media/ PRINT IS DEAD: Conde Nast To Cut Back!!!
John Koblin from the New York Observer talked to insiders from McKinsey that told him the news about Conde Nast’s cut backs:
  • Budget reductions of around 25% at Details, Traveler, Glamour, Gourmet, and Teen Vogue.
  • Unknown budget cuts at the rest of the Conde mags—except the New Yorker, which is escaping unscathed, according to the NYO.
  • The various mag editors get to determine how to achieve their budget cuts.
  • No immediate magazine closures are predicted, but some of the weaker titles may reduce their frequency.
  • Layoffs are coming.

I’m going to say it again…Print is DEAD!!

LINK LOVE: Gawker

]]> http://fashionindie.com/conde-nast-25-cuts-layoffs-loom-except-at-the-new-yorker-media/feed/ 0 RUMORS: McKinsey Consultants Tell Condé Nast to Cut Back on Photo Shoots http://fashionindie.com/mckinsey-consultants-likely-to-advise-conde-nast-to-cut-back-on-photo-shoots/ http://fashionindie.com/mckinsey-consultants-likely-to-advise-conde-nast-to-cut-back-on-photo-shoots/#comments Thu, 10 Sep 2009 16:45:14 +0000 Hillary Frazier http://fashionindie.com/mckinsey-consultants-likely-to-advise-conde-nast-to-cut-back-on-photo-shoots/ RUMORS: McKinsey Consultants Tell Condé Nast to Cut Back on Photo Shoots

Apparently Condé’s consultant friends aren’t too happy on the way the money is being spent over in Times Square. They told the Observer:

“There are little ways of cutting,” said one staffer, who drank a bit of the McKinsey Kool-Aid. “You don’t need to send an entire posse to Joshua Tree for a shot in the desert! Who cares! If the photographer is good, and the clothes are good, the models are good, it’s fine — you can shoot downtown.”

Yes, desert and downtown aren’t the same, but is this likely to be a win for the non-prints? I think so! Print is dead ftw.

LINK LOVE: NY Mag

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