Is Ruth Reichl's excellent food magazine doomed? "Gourmet will probably not see the end of the year. Its parent company, Conde Nast, can no longer rely on the huge profits of the newspaper portion of the Newhouse family business...It owns Gourmet, Bon Appetite, and epicurious.com. Conde Nast simply owns too many titles in this category. From 2004 to 2008, Gourmet’s ad pages have dropped from 1,364 to 955, with a 24% drop last year. January’s ad pages were down another 32% according to MIN...it will have to migrate totally to its website." [24/7 Wall St. via Silicon Alley Insider]
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