01/16/2014 02:01 pm ET Updated Jan 25, 2014

Condé Nast Print Ads End 'Flat' In Q1


Condé Nast Media Group president Lou Cona said ad pages were flat across the company’s magazines in its first quarter in a memo to staffers sent Thursday.

Though pages were up in January and March, a "flagging" February contributed to the results, Cona said in the note obtained by Capital. He added that the numbers reflected the “volatility of the broader global economy.” The results are a drop from the first quarter of 2013, when the company reported a five percent gain in ad pages, making for its strongest showing in the period in five years.

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