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Conde Nast Slashing Magazine Budgets
"All Condé Nast publishers and editors have been told they have to cut their staffs by five percent and their budgets by five percent within weeks... It will affect every title, including the company's most successful: The New Yorker, Vanity Fair, Wired, Glamour, and down the line. The plan is not just a five percent overall spending reduction but rather two distinct five-percent cuts for each title, guaranteeing that titles cannot meet the goal without cutting staff." New York Observer 10/30/08
Posted October 30, 2008 07:10 AM

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