great-magazine-die-off

Some Print Deaths Unmourned Amid Carnage

Ryan Tate · 10/31/08 04:46AM

The publishing landscape is so bloodied right now that it's hard to keep track of all the corpses. This month has seen the end of Radar, Men's Vogue, CosmoGirl, 02138, Culture + Travel plus cuts at Time Inc., Portfolio, Niche Media, and Doubleday. Wow. Two casualties have gone largely unnoticed. A tipster informs us that Town And Country Travel closed a few weeks ago to little fanfare. Meanwhile, the New York offices of London-based travel book series Rough Guides are said to have closed, presumably doomed by declining travel, a declining pound — and perhaps a Gotham too depressing to visit. (Publishers, we know things are rough, but do allow us to give all your titles proper burials.)

Fear Comes to 4 Times Square

Gabriel Snyder · 10/30/08 10:58AM

With media companies announcing layoffs in recent weeks that have amounted to anywhere from 100% to 6%, the news of a 5% budget trim at Conde Nast seems fairly mild by comparison. But Conde Nast has always been seen as the media's promised land: a mythical place where Uncle Si's benevolent rule doesn't follow the laws of economics and the one place where a person who types for a living might make enough money to be able to afford (or get a friendly publicist to "loan") some of the accoutrements proffered in the glossy pages of Vanity Fair, Vogue and GQ. Working for Conde Nast isn't just a job, it's an aspirational lifestyle. So it's not just those holding some of the cushiest journalism jobs in the universe (I should know) who are trying to figure out what Conde Nast budget cuts mean. (Rice-a-Roni in the cafeteria? Curtailed black car service? Or shiver expense account caps?) It's every single person in the print media world who believed that if they did well enough at their crappy, low-paying print job, they too could one day gain admission into the Conde Nast circle. But details are sparse right now on just what Si Newhouse will be cutting back on. Who's getting laid off? What perks are being cut back? Where are the memos? If you can enlighten us, please send email (from your personal account!) to tips@gawker.com or call our tip line at 646-214-8138.

Jobless Single People Can Now Blog For Tyra Banks For Free

Richard Lawson · 10/30/08 10:51AM

As every magazine known to man begins to die, you, dear writers, may soon find yourselves without employ. Well you're in luck because that glowing thing that makes the word typies actually, with the help of your phone line, hosts a whole series of online "publications." Like this website or the new and improved Radar or! The website for crazy former supermodel Tyra Banks' talk show! Yes indeed, they are looking for both woman and man bloggers to "blog about their ideals" (curse you, candy commercial) and talk about dating and stuff. So not only do you get to work for a megalomaniac like Banks, but you also get to do it for free. But the really sad thing about this? A tipster tells us the listing was posted on a J-School jobs board. :( Read the posting after the jump, then apply!!

Recession Arrives at Conde Nast, Endangers Men's Vogue

Hamilton Nolan · 10/30/08 08:20AM

Quelle horreur: Conde Nast is cutting the budget of all their high-class rags by 5% across the board! Five percent of payroll and 5% of every title's expense budget. And that goes for the editorial and the business sides. The Observer calculates that it will be impossible to accomplish the cuts without layoffs. One less assistant for Vogue's Anna Wintour! A slightly less long tail for Wired's Chris Anderson! And, worst of all: could this be the end of the long road to oblivion for that emasculating Wintour plaything, Men's Vogue [UPDATE: Sort of!]?

'Massive' Layoffs At Niche Media?

Hamilton Nolan · 10/14/08 02:55PM

Yesterday, we started hearing rumors of big layoffs on the way at Niche Media, that stable of glossy, journalism-free socialite-focused city magazines across the country. Today the Philly Daily News confirmed that Philadelphia Style had "much of its editorial and creative staff" laid off yesterday. But that may have been just the beginning; another tipster tells us that there are "massive layoffs" across the company, and "people are getting fired with no notice from editorial on a lot of different magazines — Hamptons, Boston Common, Philadelphia Style, LA Confidential..." Is Niche CEO Jason Binn's company the latest entrant in the Great Magazine Die-Off? If you have more specifics on the cuts, email us. [We're also hearing that the rumored looming layoffs at Viacom could actually be coming next week—stay tuned.]

The Tragedy Of Business Media

Hamilton Nolan · 10/13/08 11:34AM

In recent months, new online business sites like Clusterstock and Slate's The Big Money launched—and what timing! The current meltdown of all things money-related is the biggest business story in a generation or more. But therein lies the quandary that is currently fucking with most of the big business media brands. Understand this, and you'll understand everything (about business media): Market crashes are, almost without argument, the biggest business stories there are. They're the wars of the financial world. Bull markets, runaway successes, and bubbles are all well and good from the reader's point of view—and they do tend to spawn new titles—but they lack the element of tragedy and fear that mark truly great stories. Ten years from now, business outlets will be judged by their coverage of this meltdown in the same way that the New York Times was judged by its 9/11 coverage, or the Littleton Independent was judged by its Columbine coverage. That said, the business side of business media should be booming, right? Audiences are up! Everyone is addicted to CNBC! The Wall Street Journal has been unmissable for a solid month! And it's fair to assume that readership and viewership is up across the board for business outlets, to varying degrees. Fear makes people extremely interested in information. Here's the quandary: The biggest story for business media always comes along at the same time as the worst ad market. By definition, unfortunately! Market crashes are great from a reporter's standpoint. From an ad salesman's standpoint, they're horrible. So a site like The Big Money, which would seem to have had the good fortune to launch on the wings of a massive story, is actually getting choked by the very same conditions it's reporting on. There's already speculation that Portfolio, Conde Nast's $100 million business offering, is on shaky legs. We know that the Great Magazine Die-Off caused by this shitty economic period is already underway. And ironically, mags like BusinessWeek or Fortune could be likely candidates for severe cutbacks, if not actually death. And hey, the publisher of Fast Company—actually a good magazine!—was just forced to lay off 20 people. That's a lot for a mid-sized place like that.The publisher, Mansueto, is also ending free snacks, gym reimbursements, and, worst of all, closing its Events division. That's a terrifying sign, since there are lots of business publications out there that (shhh!) make more money off their events than they do off their publication. In some cases, a shitty magazine is just a loss leader for a moneymaking side business of awards shows, seminars, and other branded events that companies will shell out for in order to "network" and have allegedly independent awards to use in their marketing materials. But when the businesses themselves tank, the business media tanks harder. It's as if Sports Illustrated saw all of its ads evaporate at Super Bowl time. It sucks, but it's a fact of media life. The survivors will come out stronger than ever, and can feast on the carcasses of their dead competitors, picking off choice talent at low prices. Journalism!