Conde Nast Looks to Cut Up to $30 Million in Annual Costs

New York Post: Conde Nast is looking to trim $20 million to $30 million in annual costs, sources say, as the company braces for a long-rumored reorganization in the ranks. Budgets are due to be submitted Friday. They already contain cuts, but sources say that may only serve as a starting point for the next round of belt-tightening.