Report: Conde Nast putting site launches on hold

It's looking like the teen girl social-networking site Flip.com could be just one of the online victims of Conde Nast's planned cutbacks--for the time being anyway.

MedioBistro's AgencySpy, citing an anonymous source, is reporting that the publisher's plans to build out new sites for magazines like Details have been suspended indefinitely.

Paid Content.org's David Kaplan chimed in quoting a high level, but also unnamed Conde Nast source. The source said that in addition to the Details site, the company had also been planning to create independent sites for a "number of its mags next year, including GQ and Conde Nast Traveler."

MediaBistro points out that ad agencies like Razorfish--which is rumored to be working on the Details site-- are likely to be hard hit by the cutbacks.

Conde Nast in October acquired the content aggregation site Reddit and in May announced it had acquired the site Ars Technica. Along with other sites like Wired.com--which recently trimmed its editorial staff--they fall under under the company's CondeNet online division.