The New York Post’s Keith Kelly writes in Sunday’s paper that the launch of new biz glossy Conde Nast Portfolio is really about the battle between two magazine industry titans: Time Inc. and Conde Nast.
“The bad blood, some say, began in 1994 when Time invaded the beauty/fashion world with the launch of InStyle – sucking some advertising dollars from the category.
“Then, Vogue, four years ago, launched Teen Vogue into a category where Teen People was once hot. Time Inc. answered when it made the disastrous move to turn Life into a newspaper supplement – invading the very profitable turf of Newhouse-owned Parade. Life will publish its last issue next Sunday after burning through an estimated $50 million to $75 million.
“The bad blood extends beyond the $5.2 billion in Time Inc. revenue and the $2 billion in revenue that Condé Nast, a privately held concern, is believed to ring up. In 1997, Fortune leveled a vicious hit on then-Condé Nast CEO Steve Florio. Condé Nast’s GQ then ran an article critical of Time’s John Huey.”
Read more here.Â
The Wall Street Journal is seeking a senior legal affairs reporter, based in Washington or…
The Real Deal is looking for a reporter to join a rapidly growing media company…
The Post and Courier, South Carolina’s oldest daily newspaper and premier news source, is seeking…
Michelle Cioci Adams has been named editor in chief of Buffalo Business First, an American City…
Reuters is looking for an experienced, driven and scoop-hungry journalist with a passion for breaking…
Jeremy Olshan, the personal finance bureau chief at The Wall Street Journal, is leaving the…
![](data:image/svg+xml;charset=utf-8,<svg height="400px" width="1000px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="29px" width="180px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="75px" width="75px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)