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Conde Nast to Lay Off 180, Shutter Gourmet, Other Titles

Authored by Mark Hefflinger on October 5, 2009 - 9:08am.
New York - Veteran publishing house Conde Nast will lay off about 180 people and shutter its Gourmet, Cookie, Modern Bride and Elegant Bride, as part of a cost-cutting initiative launched after a three-month review of the company by McKinsey & Co.

The Wall Street Journal reports that costs will be cut by as much as 20-25% at remaining Conde Nast publications, which include Vogue and Vanity Fair.

Earlier this year, the company shuttered its Portfolio and Domino titles.

Gourmet had been published since 1940; the company's other big food-related title, Bon Apetit, will continue publishing.

 

Related Links:
http://online.wsj.com/article/SB125475373996964695.html

http://snipurl.com/scepj (NYT)

Published in DMW Daily, October 5, 2009
tags: Magazines | Layoffs | Publishing | Conde Nast |



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