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The Meltdown

Carnage at Condé Nast

Slashes 5 percent from budget, trims two publications.

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

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