Tough times are nothing new to write about these days, but especially those in the field of Journalism as print and new media publications are trying to compete in a world where Blogs can surpass the traffic of established news sites.
Conde Nast announced plans today to shut down its Portfolio magazine, a monthly business magazine that was launched in April 2007 that featured articles by high-profile journalists and focused on the life of the business executive. It was led by editor-in-chief, Joanne Lipman, formerly of the prestigious Wall Street Journal.
Marketwatch reports that Lipman was told that Advance Publications, Conde Nast’s parent company, had made the decision to shut down the news publication. After cuts had already been made to cut budgets across the board at not only Portfolio, but other magazines underneath the Conde Nast banner, it was decided that the business publication would have to fold.
Porfolio focused on the business of media and targeted the higher-income executives as well as others who were known as movers and shakers in the world of media. Unfortunately, with the changing landscape of the Online newspaper and magazine presence, Portfolio was unable to continue as sales for their digital ads were not enough to keep the publication in business.
Comments
John
April 27th, 2009 - 10:58:12 AM
that's too bad. Portfolia was great magazine. they had a lot of great writers and thinkers writing for them. they'll be missed.
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Timothy
April 27th, 2009 - 11:08:28 AM
That's a shame, they actually had some pretty interesting articles. I still enjoy the Robb Report, even though I could barely afford the 9 bucks they charge for a magazine.
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Kathrien Ahn
April 27th, 2009 - 11:31:00 AM
I really enjoyed this magazine too. It sucks that it's gone under.
3