Conde Nast announced Thursday that it is shutting its Italian edition of Wired, reports Maya Yang of The Guardian.
Yang writes, “The closure is part of a wider set of operational changes across the company. Lynch also announced the end of Wired’s Italy edition, noting that while the brand ‘remains a strong global brand, the Italian edition has not kept pace with growth in our other markets.’
“Additionally, Condé Nast will wind down Glamour’s publishing operations in Germany, Spain and Mexico.
“Taken together, Wired in Italy, Self and the affected Glamour markets represent a little over 1% of our overall revenue. They also remain unprofitable, and continuing to operate them in their current form limits our ability to invest in the ideas and areas that will drive future growth,’ Lynch said.”
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