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Market
Post-Union Agreement Publication Performance at Condé Nast
2
Resolution / Starting Odds
Increase • 33%
Decrease • 33%
Stay the same • 34%
Industry reports, financial disclosures from Condé Nast.
Story
Condé Nast Secures First Contract With Union Hours Before Met Gala
May 6, 2024, 06:10 PM
Condé Nast and its union representing hundreds of staffers at publications including Vogue, GQ, and Glamour reached a tentative agreement on the union's first contract after more than a year of negotiations. This deal was finalized just hours ahead of Anna Wintour's Met Gala, thereby averting a potential strike and picket line that threatened to disrupt the event. The union had previously set up a Go Fund Me page and picketed at the museum, warning of a disruption at the Met Gala if their demands were not met. The agreement was reached after the union explicitly threatened to stage a picket line at the 2024 Met Gala, highlighting the urgency of their demands.
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No agreement reached • 25%
Partial agreement reached • 25%
Full agreement reached • 25%
Negotiations extended beyond Met Gala • 25%
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Significant loss • 25%
Increase in union-friendly policies • 33%
No change in labor policies • 33%
Tightening of union restrictions • 33%
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Change in Senior Management • 34%
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Temporary halt in production • 25%
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Decrease in advertising revenue • 33%