• 27 Apr 2009 at 10:36 AM

Portfolio Confirms Portfolio Is Finished

By Bess Levin

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For Immediate Release
April 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.”

Comments (31)

  1. 1
    Posted by trojan | April 27, 2009 at 10:48 AM

    there goes 50% of DB’s ad revenue

  2. 2
    Posted by guest | April 27, 2009 at 10:49 AM

    too asinine; didn’t read

  3. 3
    Posted by guest | April 27, 2009 at 10:52 AM

    What happens to the remainder of my subscription?
    /Ashamed to admit I subscribed.

  4. 4
    Posted by guest | April 27, 2009 at 10:54 AM

    Ding Dong, another business hating, left leaning,journalistic witch is dead!

  5. 5
    Posted by guest | April 27, 2009 at 11:05 AM

    @trojan- good thing you make it up leaving bitchy little comments like 12 yo girl all the time!

  6. 6
    Posted by guest | April 27, 2009 at 11:09 AM

    Good riddance. Had nothing to offer.

  7. 7
    Posted by guest | April 27, 2009 at 11:10 AM

    I liked that magazine.

  8. 8
    Posted by merkin capital partners | April 27, 2009 at 11:17 AM

    suck it Felix

  9. 9
    Posted by guest | April 27, 2009 at 11:23 AM

    Weak to quite weak

  10. 10
    Posted by wcburrs87 | April 27, 2009 at 11:23 AM

    I had a subscription. Shits.

  11. 11
    Posted by guest | April 27, 2009 at 11:25 AM

    Did anyone actually read this crap anyway??

  12. 12
    Posted by guest | April 27, 2009 at 11:44 AM

    I actually found it very helpful.
    -Suze O.

  13. 13
    Posted by guest | April 27, 2009 at 11:51 AM

    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

  14. 14
    Posted by guest | April 27, 2009 at 11:52 AM

    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

  15. 15
    Posted by guest | April 27, 2009 at 11:53 AM

    Double Fuck.

  16. 16
    Posted by Lowly Assistant | April 27, 2009 at 12:01 PM

    Fuck. What do I get instead? Wired?

  17. 17
    Posted by Suits | April 27, 2009 at 12:03 PM

    Counterparty risk strikes again!

  18. 18
    Posted by guest | April 27, 2009 at 12:09 PM

    @8 Felix at Reuters now?

  19. 19
    Posted by trojan | April 27, 2009 at 12:16 PM

    damn, guest you totally roasted me with that biting rebuttal.

  20. 20
    Posted by Anal_yst | April 27, 2009 at 1:27 PM

    @18
    Yup.
    This is a non-event. I, much like Portfolio, have nothing more to add.

  21. 21
    Posted by guest | April 27, 2009 at 1:30 PM

    how many issues did they actually publish?

  22. 22
    Posted by guest | April 27, 2009 at 1:34 PM

    @ 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?

  23. 23
    Posted by Bess Levin | April 27, 2009 at 1:43 PM

    @22– “Care to comment Dealbreaker?”
    Sure. Starting with- I didn’t write that, Dealbreaker founder Elizabeth Spiers did. Thanks for your time.

  24. 24
    Posted by guest | April 27, 2009 at 1:47 PM

    short dealbreaker

  25. 25
    Posted by guest | April 27, 2009 at 1:55 PM

    short homo@24.

  26. 26
    Posted by guest | April 27, 2009 at 2:09 PM

    @23: Better yet. Still waiting for a comment.

  27. 27
    Posted by guest | April 27, 2009 at 2:13 PM

    @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.

  28. 28
    Posted by guest | April 27, 2009 at 2:45 PM

    Salmon went belly up
    These mofos are still offering subscription @ buck an issue
    WTF?

  29. 29
    Posted by guest | April 27, 2009 at 4:02 PM

    Another sign that douchiness is over.

  30. 30
    Posted by guest | April 27, 2009 at 4:03 PM

    Another sign that douchiness is over.

  31. 31
    Posted by guest | April 27, 2009 at 4:04 PM

    Anybody associated with that POS rag was a pure waste of skin.

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