NY Mag profiles Condé's Si Newhouse

If you haven't yet read New York Magazine's profile of Condé Nast's top executive, it's here. The piece starts off ...

S.I. Newhouse Jr.,...

If you haven't yet read New York Magazine's profile of Condé Nast's top executive, it's here. The piece starts off ...
S.I. Newhouse Jr., chairman of Condé Nast, falls in love with his editors...

While breaking down Newhouse's management style, the piece is filled in by interviews with some of the company's most celebrated editors, including The New Yorker's David Remnick, Vogue's Anna Wintour, and Vanity Fair's Graydon Carter.

The most interesting part to me, though, was when the article briefly addressed what Condé, a company built on newspapers and the "golden age" of magazines plans to do (or not do) about the Web.
So far this year, Condé Nast is in the red, though the closings and cuts should drive money to the bottom line. The belief around the building is that next year, if the economy recovers, Condé Nast will again turn profitable.

While the strategy by which Condé Nast will move into the future does not entirely ignore the Internet, it does not exactly embrace it either. When a subordinate worries in a meeting whether the Internet will limit the amount of profit magazines throw off, Townsend may take the person aside, according to one former executive. “Don’t be so negative,” he’ll say. “You’re upsetting the old man.

And this:
As a rule, Newhouse has kept his editors away from the web. He has also rarely pushed publishers in that direction, seeing the Internet as a vehicle for selling magazine subscriptions and not much else...

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