Vogue publisher reports £14m loss in UK

04 Jan 2019  |  Newsline Staff 
Vogue publisher reports £14m loss in UK

Condé Nast UK, the publisher of high-end magazines including Vogue and GQ, made a pre-tax loss of £13.7 million last year despite a £4.3 million profit in 2017.

The American-owned business - which first began publishing in the UK in 1916 - reported a 6.6% fall in revenue to £113 million, according to its accounts published this week.

The loss was largely due to one-off exceptional items, including restructuring and an office move, the publisher said. Without them, year-on-year profit would stand at around £4 million.

Last year Alexandra Shulman, the British Vogue editor, left the business after 25 years, to be succeeded by Edward Enninful. The publisher also moved glossy magazine Glamour to an online-only operation.

Latest

How the UK press reacted to May's historic defeat IPA Bellwether: industry reaction IPA awards New Year's Honours News UK combines print and digital commercial teams Advertising bosses outline strategies to cope with Brexit

Related articles

Condé Nast to take Teen Vogue online-only Condé president: We are entering a world of two internets The Condé Nast interview
Leave a comment

Thank you for your comment - a copy has now been sent to the Newsline team who will review it shortly. Please note that the editor may edit your comment before publication.

DATA SNAPSHOT

17 Jan 2019 

Data from Mediatel Connected
Find out more about the UK's most comprehensive aggregator of media data.

Arrange a demo
Advertisement

Newsline Bulletins

Receive weekly round-ups of the latest comment, opinion and media news, direct to your inbox.

More Info
Advertisement