NEW YORK, United States In a widely anticipated move, Condé Nast chief business officer and president of revenue Jim Norton has announced a sweeping restructuring of the company’s business side to align more closely with the model favoured by rival publisher Time Inc. as rumours continue to swirl that the business is being prepared for a sale.
The moves come on the heels of several major changes made at Condé Nast in late 2016, which included layoffs, a reorganisation of the creative, research and technology departments, as well as the closure of Self magazine’s print edition and Teen Vogue’s switch to four print issues a year.
On the business side, Norton, who joined the publisher in October 2016 from Verizon’s AOL where he was…
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