The article says that Condé Nast would not say whether David Remnick editor of The New Yorker would report to Anna Wintour. While I have no opinion on Anna Wintour, I think that The New Yorker is pretty nearly the best that exists right now.
After Bloomberg bought BusinessWeek it became better than The Economist. If Condé Nast is in blame the industry mode, or if it's going to start making short-sighted decisions claiming necessity, hopefully someone else can take care of its best properties.