A colleague forwarded me a note about Si Newhouse, and Conde Nast, that appeared in the New York Times - Can Si Newhouse Keep Condé Nast’s Gloss Going? (7/20/08) that gave me a laugh - except that it was a laugh of "you've got to be kidding". Previously, I've analyzied both Conde Nast's contracts (Conde Nast/CondeNet Contract: Introduction, 4/26/08) as well as earlier this week (Conde Nast, Encyclopedia Britannica - Selling "Their" Images, 8/5/08). So, when the New York Times wrote about Mr. Newhouse:
You might know some of his children: Vogue, The New Yorker, Architectural Digest, Glamour, Vanity Fair, Gourmet, GQ, and Condé Nast Traveler. These titles are a polite way of saying that Condé spends money like no one else in the industry — more on salaries, paper stock, writers, photographers, travel, clothes, parties and just about any other line item imaginable.I thought - PHOTOGRAPHERS? You've got to be kidding! They pay their photographers a "day rate" (an antiquated term to be sure) of under $500. They may pay more on "photo shoots", but not more on photographer's fees!
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