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Condé Nast Shutters Portfolio

By Kevin Spak, Newser Staff

Posted Apr 27, 2009 11:25 AM CDT

(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.

Cover of the premier issue of Conde Nast Portfolio. Photo by Scott Peterman.

Chris Anderson of "Wired", Joanne Lipman of "Conde Nast Portfolio", Jim Nelson of "GQ", and David Remnick of "The New Yorker" wave their awards following the 2008 National Magazine Awards. (706)

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OTHER STORIES ON OUR RADAR

news • Conde Nast • magazine industry • magazine publishing • financial crisis

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

Google to Bite at Apple With Digital Newsstand?

Google trying to drum up support among publishers, say insiders

Newsweek Sold to Audio Magnate for $1

Sidney Harman assumes magazine's growing losses

For Sale: Ailing Newsweek

Washington Post Co. cites mounting losses

Publishers Forming 'Magazine iTunes'

Online newsstand to combat slumping sales

Shuttering Mags, Conde Nast Turns to ... Online Dating?

Publishing giant makes 'very bizarre' venture into new business

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Newser By Users

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