Condé Nast Closes Gourmet

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And so it begins:

Gourmet magazine, which has celebrated cooking and travel in its lavish pages since 1941, will cease publication with the November issue, its owner, Condé Nast, announced on Monday.

It looks like these executives are starting to get it. These things (the ad revenues they were used to getting) are not predicted to come back any time soon - and so these dinosaur magazines are finally closing.

I don't want to revel in their demise - it can't be easy if you are an employee - but this has to happen. I think things like this will be felt in the job market for years and keep the unemployment rolls higher than most people think for some time to come.

A point I keep coming back to is that they should have been figuring out what to do on the web and taking it more serious since the get go. Now they have dead and dying brands and are playing catch up with bloggers!


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