For Immediate ReleaseApril 27, 2009
CONDÉ NAST WILL CEASE PUBLICATION OF PORTFOLIO AND PORTFOLIO.COM
Condé Nast will cease publication of Portfolio effective with its May issue and Portfolio.com will close in the second quarter of the year, it was announced today by Charles H. Townsend, President and CEO of Condé Nast.
"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."
Posted by trojan , Apr 27, 2009 10:48AM
there goes 50% of DB's ad revenue
Posted by guest , Apr 27, 2009 10:49AM
too asinine; didn't read
Posted by guest , Apr 27, 2009 10:52AM
What happens to the remainder of my subscription?
/Ashamed to admit I subscribed.
Posted by guest , Apr 27, 2009 10:54AM
Ding Dong, another business hating, left leaning,journalistic witch is dead!
Posted by guest , Apr 27, 2009 11:05AM
@trojan- good thing you make it up leaving bitchy little comments like 12 yo girl all the time!
Posted by guest , Apr 27, 2009 11:09AM
Good riddance. Had nothing to offer.
Posted by guest , Apr 27, 2009 11:10AM
I liked that magazine.
Posted by merkin capital partners , Apr 27, 2009 11:17AM
suck it Felix
Posted by guest , Apr 27, 2009 11:23AM
Weak to quite weak
Posted by wcburrs87 , Apr 27, 2009 11:23AM
I had a subscription. Shits.
Posted by guest , Apr 27, 2009 11:25AM
Did anyone actually read this crap anyway??
Posted by guest , Apr 27, 2009 11:44AM
I actually found it very helpful.
-Suze O.
Posted by guest , Apr 27, 2009 11:51AM
It's really too bad that Dealbreaker will lose the advertising revenue from Portfolio. Elizabeth Spiers's angry takedown (among obvious other reasons) appears to have made them come to Dead Horse Media, hat in had, ready to offer cash for slightly better press.
http://www.dealbreaker.com/2007/04/our_big_fat_portfolio_review_e.php
EP, no snark for the passing of an annoyance?
http://equityprivate.typepad.com/ep/2007/09/portfolio-incen.html
Posted by guest , Apr 27, 2009 11:52AM
It's really too bad that Dealbreaker will lose the advertising revenue from Portfolio. Elizabeth Spiers's angry takedown (among obvious other reasons) appears to have made them come to Dead Horse Media, hat in hand, ready to offer cash for slightly better press.
http://www.dealbreaker.com/2007/04/our_big_fat_portfolio_review_e.php
EP, no snark for the passing of an annoyance?
http://equityprivate.typepad.com/ep/2007/09/portfolio-incen.html
Posted by guest , Apr 27, 2009 11:53AM
Double Fuck.
Posted by Lowly Assistant , Apr 27, 2009 12:01PM
Fuck. What do I get instead? Wired?
Posted by Suits , Apr 27, 2009 12:03PM
Counterparty risk strikes again!
Posted by guest , Apr 27, 2009 12:09PM
@8 Felix at Reuters now?
Posted by trojan , Apr 27, 2009 12:16PM
damn, guest you totally roasted me with that biting rebuttal.
Posted by Anal_yst , Apr 27, 2009 1:27PM
@18
Yup.
This is a non-event. I, much like Portfolio, have nothing more to add.
Posted by guest , Apr 27, 2009 1:30PM
how many issues did they actually publish?
Posted by guest , Apr 27, 2009 1:34PM
@ 13: "Dealbreaker will lose the advertising revenue from Portfolio." Bess L did a "nice" piece on this mag and then she shut up. Care to comment Dealbreaker?
Posted by Bess Levin , Apr 27, 2009 1:43PM
@22-- "Care to comment Dealbreaker?"
Sure. Starting with- I didn't write that, Dealbreaker founder Elizabeth Spiers did. Thanks for your time.
Posted by guest , Apr 27, 2009 1:47PM
short dealbreaker
Posted by guest , Apr 27, 2009 1:55PM
short homo@24.
Posted by guest , Apr 27, 2009 2:09PM
@23: Better yet. Still waiting for a comment.
Posted by guest , Apr 27, 2009 2:13PM
@26- are you dumbass? Elizabeth no longer works at Dealbreaker, which would explain why she hasn't written anything about Portfolio for DB in a while.
Posted by guest , Apr 27, 2009 2:45PM
Salmon went belly up
These mofos are still offering subscription @ buck an issue
WTF?
Posted by guest , Apr 27, 2009 4:02PM
Another sign that douchiness is over.
Posted by guest , Apr 27, 2009 4:03PM
Another sign that douchiness is over.
Posted by guest , Apr 27, 2009 4:04PM
Anybody associated with that POS rag was a pure waste of skin.