The highly publicized lawsuit between publisher Condé Nast and two former interns has quietly come to a settlement.
The two interns filed a lawsuit against parent company Condé Nast, claiming they were paid below minimum wage while working (one interned at The New Yorker, the other at W ) for the New York City-based publisher. As a result of the media attention and high scrutiny, Condé Nast shut down its storied internship program—effectively preventing the possibility of future lawsuits, but at the cost of new internship opportunities for students and industry newcomers. The settlement between both parties signals a true close to this widely-discussed and debated issue.
"We are, and have always been, extremely proud of the internship experiences that were offered at Condé Nast," said CEO Charles Townsend. "The training and contacts our interns received at Condé Nast helped many begin successful careers here and elsewhere."
Townsend goes on to note that the settlement was the right decision for the company, allowing the publishing titan to "devote [their] time and resources towards developing meaningful, new opportunities to support up-and-coming talent."
[via The Cut]