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

The Thinkbox TV Planning Awards - video
[Sponsored feature]

The Thinkbox TV Planning Awards - video

Watch the video from the Thinkbox TV Planning Awards, held in association with Campaign and Media Week, where PHD and Drum stole the show.

Share
Facebook confirms 'monetisation test' for media contributors

Facebook confirms 'monetisation test' for media contributors

Facebook has confirmed plans to offer video contributors a share of advertising revenues generated around posts, in a move that will increase competition with Google's YouTube.

Share
Wimbledon online game makes data entry fun

Wimbledon online game makes data entry fun

#MakeTheTeam by OgilvyOne UK gives tennis fans a glimpse of life as an IBM data capturer.

Share

Get news by email