Monday, October 5, 2009

Condé Nast Publications Closing Four Magazines

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.


- Magazine Audiences Increase 8%, Weekly/Digest Fall

No comments:

Post a Comment