Magazine publisher could lose $200 million this year, industry sources say
(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. More»
