Even publishing royalty is feeling the pinch as Condé Nast ad pages plummet

Times are tough for everybody, but especially so for dead-tree publishers. Small ones. Niche ones. And, it appears, some of the biggest names in the industry too. According to estimates released on Wednesday, the number of advertising pages in magazines in the Condé Nast stable declined by around one third this year. That is rather steeper than could have been expected even in the midst of a recession; the company tends towards higher-end magazines with luxury brand advertisements. From the kind of companies that shouldn't blink during short-term consumer slumps. Or maybe not. Read more: New York Times