Condé Nast to pay $5.8 million in intern lawsuit
A loss for the media giant
Condé Nast have been ordered to pay $5.8 million in compensation for lost wages to thousands of interns. The company, which encompasses several key magazines including Vogue and Vanity Fair was accused of paying little to nothing for interns services.
One of the lead plaintiffs in the case was Lauren Ballinger, who worked for approximately $1 per hour when she was organising accessories in the fashion closet at W Magazine. Matthew Leib, who earned around $300 for a summer internship at The New Yorker, was also one of the more severe cases in the lawsuit.
Condé Nast's internship program was cancelled shortly after the lawsuit was filed in 2013, and CEO Chuck Townsend maintained that the company's magazine internships "were among the best in the media business," in an internal email to the company about the settlement, adding: "Settling the lawsuit is the right business decision for Condé Nast, as it allows us to focus our time and resources on developing meaningful, new opportunities to support future up-and-coming talent."
The lawsuit settlement will result in former interns dating as far back as June 2007 will receive overdue payments ranging from $700 to $1900. "We do think this is a favorable settlement," one of the interns' attorneys, Rachel Bien, said.