Condé Nast Publications Inc. will close Gourmet, Cookie, Modern Bride and Elegant Bride and lay-off about 180 people, Condé Nast Chief Executive Chuck Townsend said in an interview Monday.
The cuts follow a nearly three-month review by McKinsey & Co. that will result in expense reductions of as much as 20-25% at many of the magazines, which include Vogue and Vanity Fair.
Source: WSJ.com
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