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Slouching Toward One World Trade

A prolonged and botched layoff cycle has called attention to the financial engineering and further brand dilution of Si Newhouse’s former empire. As usual, the chorus of discontent appears to be a mixture of agita and inevitability, along with typical finger-pointing.

EBITDA positive or not, it’s estimated by some executives at the company that Condé Nast has lost significant sums during Lynch’s four and a half years at the helm, albeit for some decisions made before his time.
EBITDA positive or not, it’s estimated by some executives at the company that Condé Nast has lost significant sums during Lynch’s four and a half years at the helm, albeit for some decisions made before his time. Photo: Phillip Faraone/Getty Images
Lauren Sherman
December 7, 2023

Fresh off personal appearances at GQ’s Men of the Year events in Los Angeles and China, Condé Nast Global C.E.O Roger Lynch is headed to London next week, where members of his team have been embedded for several days in anticipation of a company-wide meeting on December 14. In theory, it’s going to be a cross-continental, live-streamed celebration of the company’s British employees harmoniously “coming together,” as those working in Vogue House relocate to the Adelphi, an also-historic building overlooking the Thames where ancillary divisions, like tech, have been posted up for years.