Condé Nast, the company behind Vogue, Vanity Fair and The New Yorker, became one of the most successful magazine publishers by charming readers and advertisers alike with a formula built on old-world glamour and all-American pizazz. Robert A. Sauerberg Jr., the chief executive of Condé Nast, plans to address senior staff members on Aug. 8. The meeting will come in the wake of an extended visit from Boston Consulting Group, which recently concluded a monthslong examination. The company lost $120 million last year and plans to put three of its remaining magazines up for sale, three executives said. The New Yorker and Vanity Fair will be among the magazines that will eventually be moved to make room for new tenants.

Source: New York Times August 01, 2018 19:41 UTC