Have you noticed that all of the news about the Great Condé Nast Reshuffling of 2008 has emerged from Women's Wear Daily? It's becoming the mouthpiece of the company's HR department. (Or maybe the news is all a little too boring for anyone else to care about.) After a week of updates about shifts and firings on the business side at Condé titles Vogue, Golf Digest, Lucky, Teen Vogue, and The New Yorker, WWD today tells us about Portfolio (this month's cover pictured here). Apparently the business mag's editor, Joanne Lipman, tapped recently departed Post metro editor, Dan Colarusso, to run its growing Website. Also, to fill new Portfolio publisher William Li's absence at Men's Vogue, Condé looked within its walls to Details associate publisher, Marc Berger. We'd walk you through all of the changes that came last week, but the most telling detail is already above: While the rest of Condé Nast continues to recruit talent only from inside the company, Portfolio continues to look outside for fresh ideas!
New Titles All Around [WWD]
• Bush acknowledges slower economy, but he stops short of warning about recession. Still, will he go for another round of tax cuts? [NYT, NYT]
• Financial titans Warren Buffett and Maurice Greenberg came under attack in the Gen Re trial. Neither stands as a defendant, but both were accused of being intimately involved in a fraudulent transaction worth $500 million. [NYT]
• Now that Jimmy Cayne's out of the picture, which hedge fund will step in to buy Bear Stearns? [Deal Journal/WSJ]
The week of office holiday parties continues on, and we are fully into magazine territory. Last night saw fêtes for Allure at Socialista, Portfolio at Runway, and both Lucky and (maybe) Star at Pop Burger Midtown. We stopped by the last two, so you didn't have to. Though, really, shouldn't you be investing in your co-workers this holiday season? A little face time at the company bash might just make those quietly awkward office urinal moments a little more cheery for the rest of next year!
Lucky Magazine. We weren't sure what to expect when we went to midtown to crash the Lucky holiday party. For one, it was on the second floor at Pop Burger (yeah, that's right, it's a three-story club) and we weren't sure we'd get in. And for another, we weren't sure that sending a six-foot-three man to blend in with a bunch of tiny fashionistas was the best plan.