Gourmet magazine closes after 70 years

Downturn and ad drought claim longstanding Gourmet magazine. Publisher Condé Nast announces 3 other closures: Cookie and bridal magazines Elegant Bride and Modern Bride.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Jessica Dickler, CNNMoney.com staff writer

gourmet_cover.03.jpg
Gourmet magazine will be shuttered after nearly 70 years.
When will you know that an economic recovery is underway?
  • When the Dow tops 10,000
  • When GDP turns positive
  • When job growth resumes
  • It's already started

NEW YORK (CNNMoney.com) -- Foodies got some sour news Monday.

Gourmet, which has amassed a devoted following over nearly 70 years of publication, will be shut down, publisher Condé Nast said.

The magazine, introduced in 1940, is expected to close by the end of the year.

"I feel like Linus and somebody has yanked away my security blanket," said Stuart Clifford, 55, who has been a subscriber for 32 years.

For Clifford, the November issue, which may also be its last, holds particular sentimental value. "My brother and I would always grab the November issue and find the featured meal and make a big deal about cooking it. That was our Thanksgiving (meal) year after year after year," he said.

Even though many fans enjoyed flipping through the glossy pages, popular food shows on television and online sites eroded the magazine's advertising revenue.

"The magazine industry is in a difficult position generally speaking, it's losing revenue to online advertising and it's a tough business right now," said Richard Dorfman, managing director of Richard Alan Inc., a financial advisory and investment company focusing on the media industry.

Gourmet, which has nearly 1 million subscribers, fell victim to a decline in ad sales and followed a companywide review of magazines.

"The review has led us to a number of decisions designed to navigate the company through the economic downturn and to position us to take advantage of coming opportunities," Condé Nast CEO Chuck Townsend wrote in an e-mail to employees.

In addition to shuttering Gourmet, Condé Nast said it was also killing parenting magazine Cookie and two wedding magazines, Elegant Bride and Modern Bride.

"In this economic climate it is important to narrow our focus to titles with the greatest prospects for long-term growth," Townsend wrote.

Roughly 180 people were affected by the news of the four titles closing, according to Condé Nast spokeswoman Maurie Perl.

According to Townsend, Condé Nast will continue to use the Gourmet brand in book publishing and television programming, and Gourmet recipes will still appear on Epicurious.com. The publisher's other epicurean title, Bon Appétit, will remain intact.

Condé Nast is also bumping up the frequency of its Brides magazine to monthly to fill some of the void left by the closing of Modern Bride and Elegant Bride.

"These changes, combined with cost and workforce reductions now underway throughout the company, will speed the recovery of our current businesses and enable us to pursue new ventures," Townsend wrote.

Other magazines have also been hit hard during the downturn. Titles including Blender, Vibe, Domino and Portfolio were all lost in the last year.  To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
My part-time job is a dead end, but it's all I can find CNNMoney profiles 4 of America's 7 million part-time workers unable to find full-time jobs. More
Cool cars from the LA Auto Show There are some of the standout vehicles on display this year at the Los Angeles Auto Show. More
American Dream homes: Prices in 10 cities How much does the American Dream home cost? From $2 million in Los Altos, Calif., to $65,000 in Cleveland, here's what you'll pay for a 4-bedroom, 2-bath house, according to Coldwell Banker's annual survey. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.