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Conde Nast Closing 'Portfolio'
Apr 27 200910:02 am EDT -
Newspaper Circ: 'WSJ' Gains as 'NY Post' Tumbles
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Layoffs Come to 'Lucky'
Today's layoff news: Lucky, the Condé Nast-owned women's shopping magazine, has let go three mid-level editors. A spokeswoman for the title declined to comment, but I'm told the cuts were necessitated by the recent corporate mandate that all magazines must reduce their staffs and budgets by 5 percent. Whereas some other titles were able to meet that goal by leaving open positions unfilled, Lucky was fully staffed at the time of the edict; thus, layoffs. Condé Nast also owns Portfolio.
In other layoff news, American Lawyer Media reportedly let go nine people. □





