Nov 2, 2017

Condé Nast will reportedly stop printing Teen Vogue

Sara Fischer

Condé Nast plans to shut down the print edition of Teen Vogue this year, per WWD, leaving it with a digital-only presence. Condé Nast will reportedly instill a hiring freeze, slash budgets and cut roughly 80 jobs of the 3,000 currently filled. Many of Condé Nast's other magazines, like GQ, Glamour and Architectural Digest will face a decrease in print frequency. Others, like Vogue, Vanity Fair and The New Yorker, will not change.

Why it matters: It's a sign of the the tough times for the print industry in America, as most consumers migrate their reading habits online. Print ad revenue in the U.S. was down 17% between Q2 2016 and Q2 2017, per Standard Media Index. That's more than double what it was compared to the prior yearly loss of 8%. Magazine revenue was down 16%, compared with 9.6% the year before.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 8 a.m. ET: 1,131,713 — Total deaths: 59,884 — Total recoveries: 233,591 — Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 278,458 — Total deaths: 7,159 — Total recoveries: 9,897 — Map.
  3. Public health latest: The CDC is recommending Americans wear face coverings in public to help stop the spread of the coronavirus. The federal government will cover the costs of COVID-19 treatment for the uninsured, Health and Human Services Secretary Alex Azar said.
  4. 2020 latest: "I think a lot of people cheat with mail-in voting," President Trump said of the 2020 election, as more states hold primaries by mail. Montana Gov. Steve Bullock said Friday that every county in the state opted to expand mail-in voting for the state's June 2 primary.
  5. Business updates: America's small business bailout is off to a bad start. The DOT is urging airlines to refund passengers due to canceled or rescheduled flights, but won't take action against airlines that provide vouchers or credits.
  6. Oil latest: The amount of gas American drivers are consuming dropped to levels not seen in more than 25 years, government data shows. Trump is calling on the Energy Department to find more places to store oil.
  7. Tech updates: Twitter will allow ads containing references to the coronavirus under certain use cases.
  8. U.S.S. Theodore Roosevelt: Senators call for independent investigation into firing of Navy captain.
  9. What should I do? Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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