About six years ago, Tom Florio, then the publisher of Vogue, had an idea. He wanted to expand the fashion bible’s brand into a new platform: online television. The magazine’s discerning editor-in-chief, Anna Wintour, approved and Mr. Florio found blue-chip financial investors who did too. He’d been working on the proposal for nine months when he presented it to Si Newhouse, Chuck Townsend and other top Condé Nast brass.
“I hate it,” Mr. Newhouse said.
Encountering Mr. Newhouse at a dinner party a few days later, Mr. Florio asked the Condé Nast chairman to elaborate on his abrupt dismissal of the idea.
“All that did was make money,” the boss told him. Read More