Another one folds

RIP Conde Nast’s Portfolio

May 2007-April 2009

condenportfolio

Portfolio’s premier issue.

portfoliolast1

Portfolio’s most recent and last issue, as if Geithner wanted to say goodbye.

From the NYT:

Senior executives at the company made the decision to close Portfolio last Friday. Ms. Lipman was told to go to the office of S. I. Newhouse at 8:30 a.m. Monday, where he told her. William Li, the publisher, met with the business staff at 9:30, and Ms. Lipman met with her staff at 9:45 and delivered the news. According to people who were there, she was frank in her disappointment at the closing and lavish in her praise. She ordered lunch in for staff members, who were told that they would be permitted to return to their offices until Thursday. In all, approximately 85 people will lose their jobs.

Joanne Lipman was the editor in chief of the magazine. S.I. Newhouse is Conde Nast’s chairman.

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