Tuesday, April 28, 2009

The publishing house Conde Nast closed the business magazine Portfolio.

Publishing house Conde Nast has decided to refuse the release of the glossy business magazine Portfolio, reportedly at The Wall Street Journal. On the closing of the magazine guide publishing house notified Portfolio editor-in-chief Joanne Lipman (Joanne Lipman) on Monday, April 27.

The first issue of Portfolio, like The Wall Street Journal, was released in the light of May 2007. Frequency of publication was then 12 per year. In 2008, the Portfolio, as well as other glossy magazines, faced with declining demand for advertising space. In autumn 2008, Conde Nast has decided to reduce the Portfolio and the state announced that the year will fall 10 issues of the journal.

In the first quarter of 2009, the number of advertisements in the strips Portfolio decreased by 61 percent over the same period in 2008. Given the fact that in early 2009 published three issues of the journal, a year earlier - the two, the volume of advertising in the Portfolio decreased by 46 percent. Number of bands advertising in other publications, presented at the American market, the average for this period declined by 26 percent.

Previously, the publishing house Conde Nast announced that due to financial difficulties suspend publication of men's fashion Men's Vogue, turning it into an annex to the magazine Vogue. In February 2009, Conde Nast closed the German version of the glossy magazine Vanity Fair.

The publishing house Conde Nast publishes 70 magazines in 15 countries around the world, including in Russia. The best-known journals Conde Nast, considered as Vogue, Glamour, GQ, Vanity Fair, The New Yorker and Wired.

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