The luxury culture at Conde Nast is slowly dying amidst the advertising decline. The latest news, as Keith Kelly breathlessly reports, is that editor-in-chiefs are taking the subway to work.

Among the crew are The New Yorker's David Remnick and Gourmet's Ruth Reichl, who says she's "taken the subway for years." Portfolio publisher William Li was also cited. (Insert your own joke about how poorly the business book is doing here.)

Honestly, it's a nice gesture but let's wait until they start taking the bus to be really impressed.