*By Carlo Versano*
Condé Nast's shift to digital continued this week with an announcement that Glamour, the 80-year-old women's fashion magazine, would cease monthly print publication after its January 2019 issue. It follows similar moves by Teen Vogue and Self, other female-focused brands in the Condé stable. The vaunted magazine publisher lost $120 million last year amid a consolidation of its print properties.
Samantha Barry, the editor-in-chief of Glamour, explained the decision in an interview with Cheddar Wednesday as a natural evolution of the brand ー to make sure it's "front and center" for its readers on the digital platforms they use most. She said she will invest in new initiatives, like digital covers, video series, and special projects for web and social audiences. Condé Nast said no layoffs were planned as part of the shift, [according to Variety](https://variety.com/2018/biz/news/glamour-ceases-print-magagazine-conde-nast-1203033464/).
In order to focus on digitally-native content , Barry "wanted to come off a monthly cycle," she said. She noted that while Glamour's print circulation was robust and stable ー 2.2 million subscribers get the magazine every month ー it paled in comparison to its online audience, which totals 20 million people a month across platforms, according to a company spokesperson.
In particular, Glamour's brand of "service journalism" that addresses wellness, sex, and fertility has been increasingly moving to online platforms. It was anachronistic to think that women were still waiting by their mailboxes each month to read and talk about those issues, Barry said.
While revenues from glossy print ads are generally far higher than what media brands can charge for digital ads, Barry said she plans to offset that difference by diversifying Glamour's revenue model with new opportunities for sponsors, such as branded content and live events like the recent Women of the Year Awards. Barry added that Glamour would continue to produce two to three print issues a year, tied to flagship events like Women of the Year. She also said she was "exploring" a paywall that would be narrow in scope, and target certain areas ー career and negotiating tips, as an example ー but said a decision has not been made.
As a Condé Nast title, Glamour is known for its high-quality content and lush photography. Barry said the shift to digital will not change that. "I want to take all of the quality that we've been doing in photography and fashion and beauty, and invest in that digitally."
The last regular print issue of Glamour will hit newsstands Tuesday.
For full interview click [here](https://cheddar.com/videos/glamour-eic-samantha-barry-says-goodbye-to-print-goes-digital).
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
The Labor Department's January jobs report showed 467,000 jobs were added, compared to the 150,000 that were projected, a sign that employment is continuign to return to pre-pandemic levels. Lindsey Piegza, chief economist at investment bank Stifel, joined Cheddar to break down the report, noting the big gains but adding a note of caution. "Remember, even with this morning's stellar report, we're still millions below that level that we had reached prior to the onset of COVID-19," she said." Yes, we are recapturing jobs. We still have further ground that needs to be made before we can talk about reaching that previous peak." Piegza also discussed the role of the Federal Reserve going forward as the employment figures turn more positive.
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
Spotify beat fourth quarter earnings expectations, and also reported a jump in monthly active users and in paid subscribers. The report comes as the company grapples with a new question: is it simply a streaming platform, or is it a media company responsible for the content it posts, like Joe Rogan's controversial podcast? Greg Martin, Co-Founder of Rainmaker Securities, joins Closing Bell to discuss why the stock took a hit even though earnings results were positive, how the company can move forward through the Rogan controversy, and more.
Chen Arad, Chief Operating Officer for Solidus Labs, joins Cheddar News' Closing Bell, where he explains why Wormhole was particularly vulnerable to a $320+ million crypto hack and discusses what new investors need to do in order to protect their assets.
E-commerce platform for construction and building materials RenoRun has raised $142 million in a Series B round, which the company says is the fourth largest Series B round in Canadian history. RenoRun’s platform offers same-day delivery of construction materials to job sites in Canada and the United States. The company aims to revolutionize the construction industry by maximizing productivity and efficiency. RenoRun co-founder and CEO Eamonn O’Rourke joins Cheddar News' Closing Bell to discuss.
