They still have a couple of decent writers. But CN’s business model is buy publications with lots of eyeballs and increase the revenue per eyeball while decreasing the total number of eyeballs per publication but firm-wide across all properties eyeballs are on an upward trajectory. It’ll last as long as it does then there will be nothing but crap. Like SciFi turning into the wrestling channel at scale.
>But CN’s business model is buy publications with lots of eyeballs and increase the revenue per eyeball while decreasing the total number of eyeballs per publication but firm-wide across all properties eyeballs are on an upward trajectory
According to Wikipedia, their last acquisition was Pitchfork in 2015. That's almost 10 years ago. Prior to that, the last popular property appears to be Ars in 2008 and reddit, in 2006. They don't actually seem to be buying many properties...
Probably correct. The top contributors were some internet.nerds that were top notch on the tech side and rose on merit and the trust they built with their audience. Splitting $25m among the 5-7 of them probably seemed like winning the lottery.
Every year they don't ruin the New Yorker, I breathe a sigh of relief.
Granted, Si Newhouse bought it in 1985 - the only time the magazine's ownership changed! - and so maybe it enjoys a sort of grandfathered status at Conde Nast even with Newhouse dead?
I mean, I say that, but they recently ruined the previously-excellent iPad app, which has resulted in me going back to paper issues, but if that's the extent of the tomfoolery I'll take it.
I’m not so sure. I wouldn’t blame Condé Nast for this. But I’m sick of the New Yorker writers basically making shit up and pretending it’s true. Ragebaiting autofiction, but within the boundaries of acceptable Ivy League New York 23 year old discourse. Is that not ruined?
Much to my surprise, they have managed to avoid killing Reddit so far. (Well, technically Reddit is owned by Conde's parent Advance, not Conde itself.)
Yes, a lot of people, but anecdotally I know a lot of “long-time Redditors” who stopped using Reddit after the API fiasco. I, for one, never returned and only use HN now.