Bob Sauerberg Says Farewell to Condé Nast

After almost 20 years, Bob Sauerberg is officially out at Condé Nast. In a Friday morning note to staff, Sauerberg said his now former place of work “is a special place with a bold spirit and unmatched influence” and that “there is no other company with brands as unique and distinctive.” “I look forward to cheering you on as you continue to shape culture and uncover truths and fully realize the potential of the company,” Sauerberg wrote. He added that, in the six months since it was revealed that Condé would for the first time be combining its U.S. and international operations and looking outside the company for a new “global” chief executive officer, the publisher “has made incredible progress.” “Our revenue team has stabilized; our business and our edit, video, tech and data teams have delivered on growth initiatives. We’ve managed costs, shifted our resources to our growth areas more nimbly and positioned the business for an exciting global future. I’m proud of all of your hard work, which you can see in our growing revenues.” Sauerberg declined further comment Friday. While Condé has been operating in the red for the last few years, losing an estimated $250 million, the company is said to be

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