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.
Lauren Sherman December 7, 2023
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.