Today on Alphabet City: Jon Paul cheers for Condé Nast’s recovery.
Nearly half of Alphabet City is set in gossipy corridors of magazine publisher Condé Nast—my time there I loved dearly. So it is with great sadness that I witness the drama unfolding at the luxury giant. Every day friends and former colleagues tell stories of magazine closures, layoffs and forced pay cuts. Full disclosure: I’m a freelancer for Bon Appétit and have contributed to Condé Nast Traveler, the latter a client of my firm Tentpole NY until recent budget cuts.
Here’s what bothers me: the media coverage has been full of schadenfreude—that the cocky company is getting its comeuppance. But I, for one, am rooting for you. I was there when you survived the online boom that many thought signaled the “death of old media,” and I’m hoping that you’ll pull this out again.
But I’d be lying if I said I wasn’t worried. Continue reading