Condé Nast Dumps Jane
Jane magazine, a 10-year-old Condé Nast publication targeting 20-something women, will be folded after its August issue, the company announced this week. Roughly 60 employees are affected by the move and will be considered for other positions within the company.
Unlike a number of other recent magazine closures which allowed the brands to remain online, Jane’s Web site, JaneMag.com, will also be shut down.
“We worked diligently to make Jane a success,” says Charles Townsend, publisher, Condé Nast Publications. “However, we have come to believe that the magazine and Web site will not fulfill our long-term business expectations.”
The move comes despite an increase in both ad pages and revenue this year. Pages were up 35 percent versus the same period last year, and revenue was 40-percent higher at $6.3 million, according to figures from Publishers Information Bureau.