The Turnaround Is Explained

The city of Ledgerville! A magazine boss leaves for Mattel after seven years. Baron Von Bottomline: a rationalised footprint, a streamlined portfolio! Dash translates: layoffs, 5% of staff in 2023. Pop: events revenue grew ninefold since 2020, he says. Zap: Teen Vogue folded into Vogue, Self shut. And so, once again, the turnaround is explained.

In seven years the departing Condé Nast chief turned a publisher losing more than $100 million a year into one he says is on track for another year of profit growth, largely by cutting: 5 percent of staff in 2023, more layoffs last year, Teen Vogue folded into Vogue and Self shut in April, while events revenue grew ninefold and subscription revenue 155 percent since 2020, by his own memo.

Starring

🎙️The AnnouncerDashPopZapBaron Von Bottomline