Fact: Conde Nast, the publishing company of Vogue, Teen Vogue, Glamour, Allure, and so many more, is a subsidiary of the media company Advance Publications, which is owned by the Newhouse family.
Fact: Advance Publications has just instituted a pension freeze and mandatory ten-day unpaid leaves for employees at all of their daily papers outside of Michigan (think The Star-Ledger, The Staten Island Advance, The Times-Picayune, etc) due to the drop off in advertising revenue.
Fact: Magazines, including Conde’s, aren’t doing so well on that front either, losing a minimum of 20% of ad pages for the month of April, which indicates a steep slide from already less-than-thrilling numbers (Vogue carried 42% fewer ad pages than from the previous April).
So how long before the major cutbacks at Advance’s papers hit their glossies? …