Condé Nast shutters Gourmet, Cookie, 2 bridal titles

Publishing giant Condé Nast announced today that it was discontinuing Gourmet magazine, an influential publication that has been published since 1940. The closure comes as a shock, as Gourmet is a more influential magazine than fellow Condé Nast title ... continue

Maybe there is a god: Reader’s Digest files for bankruptcy

Iconic snail mail spam company Reader's Digest has filed for Chapter 11 bankruptcy, but sadly they're likely to survive. The Reader's Digest bankruptcy filing was pre-arranged with debtors, and will allow the company to restructure its debt, bringing ... continue

An Open Letter to the Publishing Industry

Dear Publishing Industry, You’re screwed, and everyone knows it - especially since you whine and moan about it on what seems like a daily basis via the very pulpits you are trying to protect.  Crying over spilled milk ... continue

Kindle Getting Competition From Cosmo Publisher

Amazon's Kindle e-book reader will soon see competition from an unlikely place: the publisher of Cosmo. Hearst Corp. is preparing to launch its own electronic reader, CNN Money reports, with the hope of bringing the magazine market into ... continue

American Media Inc Facing Bankruptcy, Liquidation: Already Defaulted on $413m

Here's something to gossip about. American Media Inc., the publisher of Star magazine, The National Enquirer, Shape and Men's Fitness has received a new extension to try to work out a deal to avoid bankruptcy or liquidation. The ... continue

Magazines Hit Hard By Advertising Downturn, Condé Nast The Hardest

The magazine industry has been hit hard by the recession, with advertising by volume dropping 17% in January, according to figures from the Media Industry Newsletter. Worst hit was Condé Nast, with four magazine titles featuring in the ... continue

The Deal cuts 10% of workforce

Financial weekly The Deal has cut 10%, or 15 employees. The cuts were across the board out of 150 employees of which 75 were full timers. New York based the The Deal is a group of finance and ... continue

CondéNet cuts: Wired.com lays of 25% of staff

CondéNet, the online arm of publisher Condé Nast has today laid off staff across the board, with Wired.com taking a big hit. According to reports, 25% of Wired.com's San Francisco staff have been laid off, with the majority ... continue

Media Briefs: Washington Post mixed results, Conde Nast makes cuts

Another week ended with mixed news on the media front, with The Washington Post reporting mixed results, and Conde Nast making cuts. Figures for the 3rd quarter released by the Washington Post showed a massive drop in operating ... continue

Search Ad Boom Bad News for Heritage Media?

New figures released by eMarketer show online ad spending surged 20% in the second quarter of 2008, despite the downturn in the US economy. The figures broken down however paint an interesting divide: in hard times, people are ... continue

Someone Has a Foot Fetish

Somehow Eva Mendes manages to make even chewing her toenails look incredibly hot. Italian Vogue pulled a wildly sexy photoshoot out of its European bag of tricks. It hasn't been well-received by Americans per se, but it's ... continue