Condé Nast Would Like the World to Know It's Profitable Again
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Sometimes whistleblowers who leak to the media reveal important truths vital to the public's understanding of the world. Other times, a brave "source familiar with the matter" just wants to let the world know how awesome their company is doing.
On Thursday, an anonymous person familiar with magazine giant Condé Nast did the latter, letting the world know via The Wall Street Journal that, after years of failing to turn a profit, the company made some money last year. How much money? They wouldn't say. When did Condé Nast last make a profit? They wouldn't say, either. For now, we can bask in the convenience of this good news.
Source Fool.com