Generous expense accounts were de rigueur at glossy fashion and lifestyle magazines. Some top editors and publishers enjoyed clothing allowances and mortgage assistance. Even lowly assistants flitted about in chauffeur-driven town cars.

But that culture has been turned on its head as the magazine business reels from the battered economy, the drop in advertising revenue and restraints on expenses.

Conde Nast's unexpected closure Monday of venerable Gourmet and three other magazines underscored the swift and brutal fall of what had been one of the city's most elite and free-spending industries.

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