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Conde Nast Media Group Braces for Layoffs

The Conde Nast Media Group, headed by Richard Beckman, is expected to be hit by job cuts as soon as this week. The unit, which formed in 2004, handles more than 80% of the company's revenue.

With a staff of 135, the Media Group takes the lead on big corporate marketing programs and contracts with advertisers that buy across three or more Conde titles. It has less work on its hands this year in the absence of "Fashion Rocks," its biggest program, which is on hiatus for 2009. Beckman's role atop the Media Group was also recently questioned when Conde considered him to take over sibling Parade Publications.

Conde Nast, which publishes Vogue, Glamour and other prominent magazines, is dealing with the same business pressures afflicting almost all print publishers these days. Last fall, it made a round of job cuts.

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