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Fashionista Anna Wintour Is Under Pressure As Conde Nast Red Ink Grows

Anna Wintour Magazine Business Trouble
Source: Getty Images

Apr. 3 2018, Updated 11:26 a.m. ET

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Famed Vogue editor-in-chief Anna Wintour, who marks five years as Condé Nast's artistic director, desperately needs to change the company's fortunes.

According to the New York Post, Wintour is facing the pressure of a tough fashion magazine time.

The legendarily controlling boss, 68, assumed to be the model for the fiery editor character in The Devil Wears Prada, used to be on top of the world.

But as the Post noted, "as the magazine business has evolved to encompass digital, video and live events — and rely less on print — Wintour has found herself in unfamiliar territory."

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In fact, Vogue isn't as influential as it used to be and Wintour has "overseen some high-profile misfires" at Condé Nast, including having to close the print editions of Teen Vogue, Self and Details and the digital website, Style.com.

There's been other chaos under Wintour, including 11 changes in editors-in-chiefs at various Conde Nast publications.

Her appointment of Eva Chen to run Lucky magazine ended with the magazine shutting down in 2015.

The company is reportedly submerged in about $100 million a year in red ink, Post sources said.

As a result, "Anna's got a gun to her head," a Condé insider told the publication.

Wintour recently skipped the Vanity Fair Oscar party as new editor Radhika Jones hosted it on her own. The Vogue icon allegedly gave Jones the stink eye for her fashion sense at a meeting.

Trying to give another title a shot in the arm, Wintour recently hired Samantha Barry, who previously worked as CNN's social media chief, to head up Glamour magazine. That publication's lustre has been fading during the Wintour creative era.

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The editor famous for putting celebrities and political figures on the cover of Vogue instead of models seems to have lost her Midas touch but she still socializes with the rich and famous. Wintour was recently seen sitting with the Queen of England at a fashion show.

Also, as chairwoman, Wintour made the yearly Met Gala in New York a rousing success.

Still, a spy told the Post that some believe she has "too much power" at Conde Nast now.

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