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Some Conde Nast Editors Told: Cut "25-ish Percent"

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The execs told representatives from Details, Traveler and Glamour that they needed to cut their budgets next year by roughly 25 percent--"25-ish percent," in the words of one source. Gourmet and Teen Vogue also had meetings, and it is believed they've been asked to make similar cuts. It is unclear if the rest of the company's will be similarly instructed.

Read the whole story at The New York Observer