Lucky magazine is the the latest to be hit by the ongoing contraction in publishing. The magazine, which Condé Nast spun off in August in a joint venture with Beachmint, is now called Lucky Group, reporting to Beachmint executives. Condé holds an undisclosed stake in the venture.
WWD has learned that Lucky has let go of accessories director Julia Kalachikoff, fashion features editor Hayley Phelan and Liz Kiernan, special sections director.
A spokeswoman from Lucky confirmed the layoffs and said several promotions will be made from within to fill the holes.  
Whether this round of cuts emanated from a Condé Nast mandate or a Beachmint initiative could not be learned. But cutting head counts has been a theme across Condé Nast-owned titles as the publisher continues its high-profile move to new headquarters at One Word Trade Center. Insiders have told WWD that there is a company-wide mandate to trim budgets by at least 10 percent.
Lucky moved to a temporary office space earlier this week in Midtown East before it inks a deal for its new offices, which will likely be in the Flatiron district. Its current space is in Parade’s old offices on 711 Third Avenue.
Parade was also affected by Condé Nast’s purge. The magazine, along with sister pub Dash, was sold by Condé Nast parent company Advance Publications to Athlon Media Group in September for an undisclosed sum.
When Athlon took over, it moved Parade’s offices from New York to its headquarters in Nashville and made numerous cuts across the board.

load comments
blog comments powered by Disqus