So Much For 'No Closures' at Condé Nast
It is just a bad news Monday, y’all.
Condé Nast is closing four mags as part of its attempt to trim 25% from its budgets, after analysts (and sources inside the company) theorized that there would not be any title closures.
The victims: Gourmet, which has been published since 1940; Cookie, Modern Bride, and Elegant Bride.
Gawker’s got the internal memo, which we’re excerpting here:
We have now completed an extensive review of our business – an important undertaking given the dramatic changes in the U.S.
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