Conde Nast Looks To China For Growth
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New York Post:
With the gloss off the US ad scene, mag giant Conde Nast is looking to China, hoping to drum up business in the fast-growing nation.
The push to the East is happening at a time when cuts are digging deep at Conde -- from the closure of Gourmet and parent mag Cookie to double-digit job losses at its Midtown offices.
"In emerging markets like China . . . the magazine business and magazine development continue to go very strong," Jonathan Newhouse, chairman of Conde's international arm, said in China over the weekend.
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First Posted: 11- 9-09 08:21 AM | Updated: 11- 9-09 08:46 AM