Condé Nast rumored to shutter Lucky Magazine

Could Lucky magazine be in for a bit of bad luck? Talk in media circles is that Condé Nast will finally shutter the struggling shopping title soon, and move Editor-in-Chief Eva Chen back to Teen Vogue.

Chen was the beauty director at Teen Vogue for many years, and last year was tapped to overhaul Lucky.

A Condé rep insisted the rumors are not true, and pointed out that the magazine's ad pages in its May issue are up 19 percent.

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