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Advance Publications Pulls Back

beyonce in blue on cover of april 2009 vogue.jpgFact: 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? …

Comments

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1

posted by guest

Mar 24, 2009 10:26AM

I wonder if this includes WWD, since it's a daily as well??

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2

posted by guest

Mar 25, 2009 3:19PM

Definitely doesn't include WWD, so no worries!

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