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Condé Titles Are Saved, Expenses Slashed

Condé Nast magazines Teen Vogue, Allure and Details are believed to be bleeding red ink and have been on the watch list for possible shutdowns. But they are all going to be spared, at least this year, say insiders.

A blueprint for keeping all the company's magazine brands intact is expected in an upcoming report from management consultants McKinsey & Co. At the same time, there will be some major ratcheting down of expenses across the board. For instance, Graydon Carter, the editor-in-chief of Vanity Fair, had intended to make the trek to the upcoming European fashion shows, but is now playing corporate good citizen and skipping the runway shows.

Read the whole story at New York Post »

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