What a sad way to start the week, but it seems the economy is truly hitting every industry including ours. Condé Nast plans to announce this morning that it will close Gourmet magazine, Cookie, Modern Bride and Elegant Bride. Cookie is a relatively new introduction, started in 2005, while the bridal magazines were seen as offshoots of the bigger Brides magazine, which Condé Nast also owns.
The cuts come at the conclusion of analysis of Condé Nast’s costs, and told several magazines to cut about 25 percent from their budgets. These are the first closings announced.
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