Belts will be tighter this year at Condé Nast

A company-wide cost savings drive at Condé Nast has spared all of its titles for at least a year, according to a story from the New York Post. But it will cramp the style of some of the most prominent editors, who will either forego foreign junkets or stay at less glam hotels.

McKinsey & Co. prepared a belt-tightening report for Conde's senior management which nevertheless apparently keeps all brands intact, including Vogue, Glamour, Vanity Fair, In Style, Teen Vogue, Allure and Details.