If you haven't already heard on Fashionista.com, Conde Nast has taken on a new publication called "Love." Love magazine is the new baby of Katie Grand, former editor of POP magazine and stylist for labels like Louis Vuitton and Miu Miu. But why would Conde take on another magazine after having closed Men's Vogue and other such magazines? And didn't Conde just have a 5% lay-off? I guess hidden money comes around when a worthy magazine is deserving...ha.