Eating Their Children at Conde Nast
The results are in and Gourmet is out. As a long-time subscriber, I’m both disappointed and perplexed. The magazine has been around for over 60 years and it’s a one-word trusted brand for quality, interesting writing (at least to me and my friends who are also bemoaning the news).
Back when I first read the news that CN had retained McKinsey Company to “help” – I groaned. Great. Another big consulting company riding to the rescue. Loads of time-consuming “confidential interviews with staff.” Powerpoint Pontificating to the CEO and his direct reports, restating the obvious for the oblivious (McKinsey was hired, in part, to review the luxury publishers’ spending)…Lots of deep, deep thinking…resulting in binders with (oh-ah!) pie charts…and (I’m sure) reams of beautifully formatted spreadsheets produced by freshly minted MBAs.
I’d bet a goodly chunk of dinero that the decision to drop Gourmet was based solely on its production costs, as validated by those beautiful spreadsheets. Of course, CN remains committed to “the brand” (!?!) From the internal memo:
Gourmet magazine will cease monthly publication, but we will remain committed to the brand, retaining Gourmet’s book publishing and television programming, and Gourmet recipes on Epicurious.com…In the coming weeks, we hope to announce initiatives to develop digital versions of our brands that will make use of new devices and distribution channels.
Well, that should be interesting to watch, in a “horrified bystander at a car crash” sort of way.
Of course, we can be grateful for small mercies. Apparently, Anna Wintour at Vogue won’t have to give up her car service. And, there are a lot fewer “big consulting companies” these days. (That should tell us something right there, shouldn’t it?)
I wonder how much real marketing evaluation and work could have been done with McKinsey’s fee?







The search pretty much says it all. “Loading” should NOT be a top result.
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