So Much For 'No Closures' at Condé Nast

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.