Condé Nast rumored to be for sale - speculative report
15 DEC 2017
Condé Nast, a New York City-based magazine publisher, is the subject of sale rumours, according to a report in The Daily Mail. The brief item, in the newspaper's The Dastardly Mr Deedes column, did not cite a source for the rumour.
Condé Nast chief executive Bob Sauerberg is looking to generate cost savings of GBP 74m (USD 84.3m) in 2018, according to the report.
Condé Nast has a board meeting scheduled for next week, the item added.
New York City-based Advance Publications Inc. owns Condé Nast and the Newhouse family owns Advance Publications.