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

Reed.co.uk sponsors Channel 5

Reed.co.uk sponsors Channel 5

Reed.co.uk, the job site, has signed a deal to sponsor Channel 5 shows as part of its 'Love Mondays' campaign.

Share
Attempts to revive Loaded fail, magazine to close after 21 years

Attempts to revive Loaded fail, magazine to close after 21 years

Loaded, a trailblazer in the men's magazine market in the nineties, is to close after 21 years following an unsuccessful attempt to breath new life into the title by Simian Publishing.

Share
Does your PR strategy include GIFs?

Does your PR strategy include GIFs?

It should. A YouTube rep replied to a reporter with a GIF of a child shrugging and demanded the reporter run it.

Share

Get news by email