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MONDAY, NOVEMBER 23, 2009
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Condé Nast Axing Gourmet, 3 Other Titles

Magazine publisher could lose $200 million this year, industry sources say

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(Newser) – Condé Nast will shut down iconic foodie magazine Gourmet as well as newer title Cookie and Brides offshoots Modern Bride and Elegant Bride, CEO Charles Townsend announced today. Hundreds of jobs will be lost in the company’s biggest single day of closings, the New York Post reports. The publishing powerhouse, experiencing a steep decline in ad revenue, made the decision following a three-month cost analysis.

These shutterings will be the first since the study, but Condé Nast previously closed Portfolio and Domino, and folded Men’s Vogue into Vogue. Other titles were instructed to cut about 25% from their budgets, adds the New York Times; the company has lost more than 8,000 ad pages this year. The loss of Gourmet is particularly surprising considering its powerful editor and long history—many assumed in-house rival Bon Appétit would be the one to go.

The Conde Nast Building is shown in Times Square, New York, Tuesday Jan. 12, 2007.
The Conde Nast Building is shown in Times Square, New York, Tuesday Jan. 12, 2007.   (AP Photo/Bebeto Matthews)
Conde Nast will shut down Gourmet magazine, according to reports.
Conde Nast will shut down Gourmet magazine, according to reports.   (©cbertel)
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MarkMcJackoff
Oct 5, 09 11:47 AM CDT
Another extremely good publication about to disappear from the shelves. But I don't know of anyone who actually bought one. They have had such a great website for the past few years I could see no reason for anyone ever laying down cash for the mag. Funny thing - or sad thing - is that on the website you get an immediate "Invitation to Subscribe" Evidently nobody did! Reply
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