"Portfolio, the ambitious, glossy business magazine from Condé Nast Publications, closed Monday after just two years. Joanne Lipman, editor in chief, and Tom Wallace, editorial director of Condé Nast, met with editorial staff members and announced that the magazine and its Web site, Portfolio.com, were shutting down, effective immediately.
Most of the $100 million pledged toward the start-up is gone, sunk into the very expensive printing, paper, marketing and editorial costs that go with creating a magazine, especially one published by Condé Nast."
This makes me sad. It was one of my favorites.