There's some sad news from New York: S.I. Newhouse Jr., the chairman of Conde Nast, has decided to close Conde Nast Portfolio, a magazine many of us here, at Talk of The Nation, have read and admired -- and yes, something from which we've stolen/borrowed ideas, from time to time. (Such is the nature of the talk show business, people!) Jeff Bercovici, Portfolio's media reporter, has the scoop -- from his editor, Joanne Lipman:
Lipman said the magazine is ahead of its business plan on various business metrics, and also noted that it won a National Magazine Award last year after publishing only a handful of issues, a very accomplishment. But a sharp and extended downturn in ad revenue has made success elusive.