"Decision follows pay lawsuit by former magazine interns." The lawsuit came on the grounds that Conde Nast broke minimum wage laws.
Mr. Leib alleged that the New Yorker paid him well below minimum wage—in stipends of $300 to $500—for each of the two summers he had worked at the prestigious weekly, where he reviewed and proofread articles. Ms. Ballinger alleged in the complaint that she was paid $12 a day for shifts of 12 hours or more at the fashion magazine.
Of course, this means no-one will get the non-pecuniary "payment" of experience at Conde Nast, at least through an unpaid internship program.