Condé Nast To Shutter Teen Vogue Print Edition, Cut Down On GQ, Glamour, Allure & Architectural Digest
Above image: Teen Vogue December 2016 issue.
NEW YORK — American mass media company Condé Nast, founded in 1909 by Condé Montrose Nast, based at One World Trade Center and owned by Advance Publications will shutter Teen Vogue print edition, cut down on GQ, Glamour, Allure and Architectural Digest.
The publisher/media giant, which also owns Vogue, GQ, Vanity Fair, Glamour, W and more magazines is expected to complete its final round of cuts by next Thursday (November 9).
According to WWD, “The New York-based publisher, which has instilled a hiring freeze, will slash about 80 jobs, equal to a decrease of about 2.5 percent of its 3,000-person workforce. Budgets across departments are also expected to get a haircut, with the worst-performing divisions and magazines getting cuts of up to 20 percent.”
“As part of that mandate, Condé is reducing the frequencies of most of its titles and will shutter Teen Vogue in print. Monthly titles Vanity Fair, Vogue, Wired and The New Yorker, which publishes weekly, will not see any frequency changes. Brides, which runs six times a year, will also continue at that publishing pace.”
A spokesman for Condé Nast declined to comment on the frequency changes, budget cuts or layoffs. Stay tuned to DM Fashion Book as this story develops.
Photos Credit: Sean Thomas
Source: WWD