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You Can't Start A Fire Without A Spark

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This editor's for hire...
Trouble with the little $125 million launch that could, from the New York Observer:

This morning, Portfolio editor Joanne Lipman fired deputy editor Jim Impoco, according to a staffer. Mr. Impoco, former editor of the New York Times business section, was responsible for bringing in top talent to the Conde Nast business magazine (or is it a women's magazine?)—which just closed issue number two—and it’s a big loss for the Conde Nast start-up. A Portfolio spokesperson said: “Jim Impoco left the magazine and we wish him well.” The spokesperson would not confirm that he was fired.

Issue #2, we're still waiting...
Deputy Editor Fired From Portfolio [New York Observer]