Last summer, the concept of unpaid and low-paying internships took a beating
. Spurred on by the lawsuit victory of two interns on the movie “Black Swan,” two more interns at Condé Nast, the publisher of magazines including The New Yorker
, Vanity Fair
, and Wired
, sued for back pay.
Condé Nast has reportedly settled the suit
. In a memo to employees, CEO Chuck Townsend did not disclose the details, because “our attorneys are still working out the details of the settlement.”
Those interns made something in the area of $12 per day when they were working for the publisher, though a report issued in August
stated that Condé Nast had stopped paying interns altogether. In October, the publisher ended its internship program entirely
In his memo, Townsend wrote, “The settlement will allow us to devote our time and resources towards developing meaningful, new opportunities to support up-and-coming talent.”
Considering the effect the “Black Swan” suit had on other interns, it’s certainly possible the news of this settlement could spur more interns who have worked for no or little pay to try their hands at seeking compensation through the courts.
[RELATED: Maximize your training budget—see HD video of get the most sought-after workshops, webinars, and presentations at Ragan Training!]
Here’s the full memo Townsend issued last week, according to Capital New York
Today, it became public that Condé Nast is settling the Ballinger v. Advance Magazine Publishers, Inc. lawsuit, which was filed last year as a class action by two former interns.
We are, and have always been, extremely proud of the internship experiences that were offered at Condé Nast. Our internships were considered some of the best in the industry, providing students with unparalleled learning opportunities outside of the classroom. The training and contacts our interns received at Condé Nast helped many begin successful careers here and elsewhere.
We believe that settling the lawsuit at this time is the right business decision for Condé Nast. The settlement will allow us to devote our time and resources towards developing meaningful, new opportunities to support up-and-coming talent.
As our attorneys are still working out the details of the settlement, we cannot provide any other information at this time. If you are contacted about the settlement or have any questions, please contact JoAnn Murray, SVP of Human Resources.