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Conde Nast Ceases Publication of Portfolio Conde Nast is ceasing publication of its business magazine, Portfolio, effective with its May issue. Portfolio.com will close in the second quarter of the year. Charles H. Townsend, President and CEO of Conde Nast made the announcement.
"The pressures and realities of the continuous deep economic slump have lowered Portfolio's revenue projections below what is needed to continue publication," Mr. Townsend said. "Portfolio was an ambitious and innovative magazine and website, and we were proud to publish them. The challenges facing this launch however proved too great. Joanne Lipman is an extraordinarily skillful editor and William Li is a very talented publisher. We thank them and their staffs for their tremendous efforts. It is unfortunate we were unable to give Portfolio the time needed to fully mature." Portfolio and Portfolio.com were launched in May 2007. The magazine has published 21 issues since its launch. You can read more about Portfolio's closure here, here and here. Posted on 2009-05-01 blog comments powered by Disqus |
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