Conde Nast Shutters Portfolio. Why It Failed
From BusinessWeek.com, April 27, 2009:
"Conde Nast Portfolio, the very big and glossy bet on a monthly business magazine made by the very big and glossy magazine company touted in its title, was shuttered today. Editor In Chief Joanne Lipman informed staffers of the news at an all-hands meeting hastily called at 9:45 AM. Lipman had been informed of the company’s decision earlier this morning at a meeting with Conde Nast Chairman Samuel I. “Si” Newhouse.
A Conde Nast spokeswoman said essentially the entire 85-person staff of Portfolio and Portfolio.com, including Ms. Lipman and Publisher William Li, will be leaving the company."
Read the full story at: http://www.businessweek.com/innovate/FineOnMedia/archives/2009/04/conde_nast_shut_1.html?chan=top+news_top+news+index+-+temp_news+%2B+analysis