...make that another four.

Conde Nast pulls plug on Gourmet magazine
Andrew Vanacore, Associated Press
Tuesday, October 6, 2009

(10-06) 04:00 PDT NEW YORK -- Conde Nast Publications is closing Gourmet, the nation's oldest food magazine, and three other money-losing titles as the high-end publisher tries to weather a devastating advertising slump.

In addition to Gourmet, which had a circulation of 980,000 last year, the publisher is closing Modern Bride, Elegant Bride and Cookie, a parenting magazine. Earlier in the year, it killed publication of Portfolio, a business magazine, and Domino, a lifestyle title.

"We're all stunned, sad," Gourmet's editor, Ruth Reichl, wrote in a post on Twitter.

Consultants from McKinsey & Co. have been helping the publisher, known for elegant publications and high costs, identify ways to cut its expenses. Despite Gourmet's large audience, the magazine has suffered one of the worst ad declines of any popular title. Its ad pages were down 50 percent in the second quarter from the year before, according to the Publishers Information Bureau.

Conde Nast, run by billionaire S.I. Newhouse Jr., publishes such magazines as Vogue, the New Yorker and Wired and is a unit of privately held Advance Publications Inc. The company's remaining 19 magazines also include one on food, Bon Appetit, which has a larger circulation than Gourmet, at 1.4 million. Bon Appetit's decline in ad pages in the second quarter was only slightly less steep, at 40 percent.

Conde Nast spokeswoman Maurie Perl said the roughly 180 employees of Gourmet, Cookie, Modern Bride and Elegant Bride will leave the company with severance packages this week.

Gourmet, revered by many culinary aficionados, was launched in 1941 by Earle R. MacAusland as "the magazine of good living." It was known for more than just recipes: It dived into extended discourse about travel, wine and food, such as the 2004 piece in which David Foster Wallace argued against the practice of boiling lobsters to death.

Now, Conde Nast said, Gourmet's brand will live on in books and TV programming. It also plans to continue publishing Gourmet recipes on Epicurious.com.

Magazine consultant Martin Walker said closing Gourmet makes financial sense because Bon Appetit should be able to pick up many of the magazine's subscribers and advertisers. Many advertisers were trending toward food titles with a more affordable sensibility anyway, he said.

As Modern Bride and Elegant Bride close, a third Conde Nast magazine, Brides, will increase its frequency to monthly instead of every two months.