Ad Slump Leads Gourmet, 3 Other Magazines to Close

Conde Nast has now shut down six of its magazines this year, but Gourmet, founded in 1941 and with a circulation of almost a million, is the biggest name to be dropped. It’s tough to survive a 50% decline in ad pages. There are no plans, they say, to kill more magazines, but some of the survivors may cut their publication frequency.