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THURSDAY, NOVEMBER 26, 2009
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Condé Nast Shutters Portfolio

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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.

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