News of another newspaper or magazine folding is so commonplace today, one barely takes notice of yet another title lying belly up.
Yet, let’s pause for a moment on this news…
According to The New York Times, Portfolio, a business magazine that Condé Nast began publishing in April 2007 with much fanfare, will cease publication immediately.
The decision was announced to the staff at 10 a.m. today by David Carey, Condé Nast’s group president and publishing director, and Joanne Lipman, Portfolio’s editor in chief.
Over the past year, Condé Nast has made a series of other cutbacks, and has folded Domino and Golf for Women magazines.
