Condé Nast Shutters Portfolio
By Kevin Spak,  Newser Staff
Posted Apr 27, 2009 11:25 AM CDT
Cover of the premier issue of Conde Nast Portfolio. Photo by Scott Peterman.
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(Newser) – Condé Nast’s once-ballyhooed Portfolio magazine will cease publishing immediately, staffers were told this morning. “The five main categories of advertising a publication like ours depends on are really in trouble,” Condé Nast’s group president told the New York Times. The magazine launched in April 2007, and has witnessed a historic 60.9% plunge in ad sales over its short existence.