Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

clock menu more-arrow no yes mobile

Filed under:

Deja Vu: What are McKinsey & Co. Doing Back at Conde Nast?

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

The last time consulting firm McKinsey & Co. showed up at Conde Nast headquarters at 4 Times Square, their fine-tooth analysis of the publishing company's books resulted in the closing of Gourmet, Cookie, Modern Bride, and Elegant Bride as well as many, many layoffs.

Welp, guess who's back in midtown? Yup. This time, it looks like McKinsey is working on Conde Nast's digital division. AdWeek reports that:

Asked for comment, a Condé spokeswoman described McKinsey’s effort this way: “This is not a company-wide effort or project. McKinsey is working with a single department with an eye towards growth, not cost-cutting or reduction.”

Since 2009, the company has instituted a push to decrease its reliance on advertising by bringing in more revenue from the consumer side of the business. To that end, editors and publishers have been charged with coming up with new business ideas.

But one executive says that there’s been a growing divide among those who have adapted to the new order and those who haven’t.

“The publishers who get it have embraced it,” the executive said. “The ones who don’t are struggling.”

· McKinsey Back at Condé Nast for Phase Three [AdWeek]