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

Google takes over Silicon Roundabout

Google takes over Silicon Roundabout

Google has launched a digital outdoor campaign at Silicon Roundabout in Old Street, London, featuring practical information for locals.

Share
Vax in seven-figure C4 sponsorship deal

Vax in seven-figure C4 sponsorship deal

Vax, the floor care brand, has signed a seven-figure sponsorship deal with Channel 4, for which it has created idents starring Miranda Hart.

Share
AOP study confirms native ads have the power to connect

AOP study confirms native ads have the power to connect

Nearly two-thirds (59%) of consumers find native advertising interesting and informative, and a third are more likely to trust it than traditional advertising, according to a new report.

Share

Get news by email