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In This Issue
Condé Nast to announce layoffs after facing 'terrible year'
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The rumor mill is churning furiously regarding the future of Condé Nast in light of two magazine consolidations this year.

Recently,  Hearst Magazines swallowed up Rodale, and  Meredith acquired Time Inc., leaving Condé, arguably the glossiest magazine company, with question marks surrounding its fate.

Although sale rumors have been rampant - potential suitors are being bandied, with Amazon, Google, Apple, Hearst and venture capital firms all in the mix - insiders say that there are no imminent plans to unload the publisher of titles such as Vogue, Vanity Fair and the New Yorker.

Following what sources have called a "terrible year" in which Condé lost about $100 million, the publisher is poised to take a scalpel to its corporate side, which includes its digital business.

The company's entertainment division, Condé Nast Entertainment, is also said to be under review. This follows a year of two steep rounds of layoffs in the ballpark of 200 jobs in total.
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Insiders said slashing digital jobs in an environment where that sector is growing is indicative of broader turmoil. A rep from the company acknowledged impending job cuts, but said they were linked to the changing media landscape.
"Our goal is to modernize and align our corporate functions to best support our brands and the company's changing needs," she said, without commenting on the number of cuts to come.

The rep declined to comment on recurring rumors that CEO Bob Sauerberg could be the next big layoff should he not be able to right the ship.

Although cuts are on the horizon, there is still one big hire that is outstanding: the role of Glamour editor-in-chief. Vogue Editor-in-Chief Anna Wintour, who also serves as the company's artistic director, is in the process of interviewing candidates for the top job after  Cindi Leive tendered her resignation in September.

The job has been hard to fill, as Glamour, once the cash-cow of the company, has cratered financially. One described the glossy's business as "carnage."
Wintour is said to be hard at work finding someone to turn around the business. Her search is nearing its home stretch, according to a knowledgeable source, who said that the new editor will likely be appointed in early 2018.

Wintour returns to toast Vanity Fair's new editor Radhika Jones
 
  Vogue Editor-in-Chief Anna Wintour, who is also the artistic director of Condé Nast, returned to Balthazar Thursday, a week after she helped give Vanity Fair Editor Graydon Carter a farewell bash.

This time, Wintour was toasting Carter's  surprise successor, Radhika Jones - a former deputy managing editor at Time and, more recently, the shortlived editorial director of books at the New York Times.

Jones started her new job atop VF on Monday.

The bash was not as heavily attended as Carter's farewell since this one was only for about two dozen people - primarily other Condé Nast editors, such as the soon-to-exit Glamour editor Cindi Leive and The New Yorker editor David Remnick, who championed Jones for the VF job.

Carter didn't stick around very long at the office to show her the ropes - or even, perhaps, the best place to get lunch. Carter's last day was Dec. 13, only two days after Jones arrived to work at her new gig.

Jones, who was also a managing editor of the Paris Review, is seen as strong on the literary front - but weak on fashion and unknown in Hollywood.
Such a CV is stirring speculation that Wintour will be more heavily involved in VF.

Carter would never defer to Wintour when he was running the magazine. Carter's last regular issue will be February's, which hits in late December. He will also oversee the special pre-Oscar Hollywood issue that is out in late January.

Jones' first issue will be the all-important March issue - which is usually packed with fashion advertising and hits newsstands in early March.
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