Your tip
Your tip
RadarOnlineRadarOnline
or
Sign in with lockrMail

Cost Cuts Hit Hearst

Oct. 27 2008, Published 7:07 a.m. ET

RadarOnline CommentsLink to FacebookShare to XShare to FlipboardShare to Email

TIGHTENING UP Hearst After the gala opening of Hearst's new Norman Foster-designed headquarters—where guests including Oprah Winfrey and Martha Stewart took in performances by Cirque de Soleil and Stevie Wonder— employees of the family-owned publishing house may have felt like times were good.

But a reality check came last week in the form a belt-tightening memo from executive vice president John Loughlin, which went out to top managers at all Hearst titles, including Cosmopolitan, Harper's Bazaar, Seventeen, and Esquire.

Article continues below advertisement

"As we confront an increasingly challenging publishing environment ... we have to make each of the expense dollars we spend work harder," writes Loughlin, previewing the company's new guidelines for travel and entertainment costs.

Radar Logo

Never Miss an

Exclusive

Daily updates from the heart of Hollywood, right to your inbox

By entering your email and clicking Sign Up, you’re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.

READ MORE ON Celebrity

Opt-out of personalized ads

© Copyright 2025 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.