For a longtime, luxury magazines with high-end advertising have been considered the sole safe haven of print journalism. Now, not so much. Condé Nast announced today an across-the-board 5-percent budget cut. Even flagships Vogue, Vanity Fair, and The New Yorker are affected. Additionally, business magazine Portfolio will be reduced from 12 to 10 issues a year, and Men’s Vogue will drop all the way from 10 to two. Wired and Vogue will assume much of those two magazines’ operations.
Read it at The New York Times
