Condé Nast Starts Its Pay Cuts At The Top

“The salaries of those earning $100,000 or more — just under half the company — will be reduced by 10 to 20 percent for five months, starting in May, [a] memo said. The pay of executives in the senior management team, including Anna Wintour, the artistic director and Condé Nast’s best-known figurehead, will be cut 20 percent,” with CEO Roger Lynch giving up half his pay. – The New York Times

If Travel Is Shut Down Do You Need Travel Books? Lonely Planet Shuts Down

“I was fearing bad news about a big travel firm this week: perhaps an airline, holiday company or cruise line. But I never expected to hear that the world’s leading travel-guide firm is proposing to shut its two main hubs: the original HQ in Melbourne, and the London office where much Lonely Planet content, including the magazine, is created.” – The Independent (UK)

Indie Bookstores In Crisis Turn To GoFundMe, But Site Won’t Turn Over Contributed Money

“High-profile booksellers seeking recourse have flocked to the platform. … Yet a number of the stores that were among the first to launch successful campaigns in the wake of the novel coronavirus pandemic are complaining that, to date, GoFundMe has not released the funds promised them. While some of the bookstores PW contacted declined to go on the record, others are going public.” – Publishers Weekly

Comics May Not Survive The Pandemic

Comic-book publishing, comics stores, the writers, the artists, and everyone are in serious trouble. “The industry has been throttled at every juncture. Comic-store owners have shuttered their shops and the distribution of new titles has been frozen. Writers and artists continue to produce work, not knowing how or when readers will be able to see it.” – The New York Times