DISCOUNTED CONDE

HARD CONDE:

We haven't posted much on the mayhem at Conde Nast lately since consulting firm McKinsey & Co descended upon the publication.

Gawker reports that they have talked to an insider at Conde Nast and the McKinsey's proposals suggested:

Budget reductions of around 25% at Details, Traveler, Glamour, Gourmet, andTeen Vogue.

Unknown budget cuts at the rest of the Conde mags—except the New Yorker, which is escaping unscathed, according to the NYO.

The various mag editors get to determine how to achieve their budget cuts.

No immediate magazine closures are predicted, but some of the weaker titles may reduce their frequency.

Layoffs are coming

We loved Gawker's catch phrase. Bumper sticker please!!!

Serving the Rich, Life's a Bitch!

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