Michael Grynbaum on his new book 'Empire of the Elite' and the state of the media

Condé Nast's Current State - Condé Nast's traditional print media, like Vogue and Vanity Fair, are facing challenges in a digital age dominated by social media and online news outlets [2][3] - While the print versions may be declining, brands like Vogue still hold recognition and influence, particularly online [3][4][5] - Condé Nast is exploring new avenues such as email newsletters (like Puck) and events (like the Vanity Fair Oscar party and Vogue World) to maintain relevance [6][11][12] Business Model and Financial Considerations - Condé Nast is privately owned by the Newhouse family, allowing them to operate without the pressure of quarterly reports [9] - The company is adapting to do more with less, as the era of lavish spending is over [8][9] - Advanced Publications, the parent company, has diversified media holdings and the financial capacity to support Condé Nast [13][14] Future Outlook - The future may involve selling off smaller magazine titles, but Vogue is unlikely to be sold soon [14] - Email newsletters are seen as a potential future for journalistic sensibility and cultural guidance [11] - Condé Nast's event business, such as Vogue World, is proving to be a successful part of the brand [12]