Conde Nast's Continuing Woes, Vibe is Back, and More

With the advent of the much-anticipated September issues finally hitting stands (see our ever-expanding slideshow of the top fashion covers!), it seems all eyes are on the big media companies to gauge how they're faring.

- The Observer late yesterday published a massive piece on the doom and gloom over at Conde Nast, definitively titled: "The Gilded Age of Conde Nast is Over." (Shocker.) Among the highlights? Apparently Vanity Fair editor Graydon Carter has taken to eating with the commoners in the cafeteria, The New Yorker will likely be exempt from the big changes McKinsey wants, Glamour editor Cindi Leive insists "every successful magazine editor has had his or her eye on the bottom line for a long time," and worst of all, editors may finally be forced to start drinking tap water. [New York Observer]

- Seventeen launched its own iPhone app today. Considering it's the first teen magazine app -- even falling behind magazines like Lucky and Women's Health in terms of tech -- we have to wonder what that says about the magazine's connection to its readers. Teenagers are, like, usually way ahead the rest of us, right? But then again, they did send out an archival cover wrap from 1944 to its subscribers this month (see it in our gallery!). [WWD, Fashion Week Daily]

- Vibe is back! The title was purchased by InterMedia, which plans to turn the magazine into a quarterly and focus on its digital strategy. Wow. That sounds ... shockingly smart. We're voting Domino next on the relaunch block! [WSJ]

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