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October 6, 2009
The axe falls at Condé Nast: McKinsey came, checked the books, and went, leaving four titles -- Gourmet, Cookie, Elegant Bride, and Modern Bride -- to close in the wake of their evaluation. CEO Chuck TownsendtellsAd Age's Nat Ives that the decision was Condé's own, but admits that the consulting company "focused on the list of businesses with us that we believe have very strong bright and vibrant futures." Translation: McKinsey said to eliminate redundancy, and the publishing company's execs agreed. In total, 180 staffers lose their jobs, including Cookie's editor-in-chief and probably ...
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