Profit drops at Condé Nast

LONDON - Condé Nast, the upmarket publisher of magazines such as Vogue and Tatler, posted a pre-tax profit of £20.1m in 2008, down from £23.9m in 2007. It reported turnover of £125.3m, down from £126.1m in 2008.

Condé Nast: profit and turnover down in 2008
Condé Nast: profit and turnover down in 2008

In the accounts, which cover the 12 months to 31 December 2008, Condé Nast said its principal challenges include "competition from other media impacting circulation and advertising revenues and adverse movement in the UK or worldwide advertising markets".

Salaries remained broadly stable year on year at about £29.9m.
The company, led by UK managing director Nicholas Coleridge, said the total emoluments, excluding pension contributions, of its highest-paid director were £757,000, up from £735,000 in 2007.

Condé Nast declined to comment on its results.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Havas Media wins media account for investment firm Source

Havas Media wins media account for investment firm Source

Havas Media International has been appointed to handle the international media planning and buying account for global investment firm Source.

Share
Welcome to the age of brands as broadcasters

Welcome to the age of brands as broadcasters

With so many brands producing their own content to reach consumers in innovative ways, they will need to up their game significantly as expectations grow, says Mindshare's Adam Fulford.

Share
Mail Brands' first major ad deal features George Lamb in video for Seat

Mail Brands' first major ad deal features George Lamb in video for Seat

Mail Brands, the new commercial operation that brought together sales at the DMG Media's national newsbrand titles, has released its first partnership with a major brand since forming in July.

Share

Get news by email