After months of speculation, the carnage came to Conde Nast earlier this week. The company, one of the nation's three biggest magazine publishers, announced it would close four magazines, including Gourmet, one of the industry's most iconic publications.
A NEWSWEEK analysis of industry data provides new evidence of the financial toll that drove that decision: based on estimates of publishing data, Conde Nast could see its ad revenue drop by $1 billion in 2009.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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