Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

US luxury magazine closes

Mark Fletcher
April 28th, 2009 · 2 Comments

Portfolio magazine was closed this week.  Condé Nast closed the title two years after launch and close to US$100 million invested.   Jeff Jarvis asks the big question, whether this is an indication that magazines are doomed?  He goes on to say it probably means the days of launches are over.  We are having a busy year here in Australia with launches.  This is interesting given the 10% decline in magazine sales.

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Category: magazines

2 responses so far ↓

  • 1 Alex // Apr 28, 2009 at 6:34 PM

    It was a nice, informative (and glossy, to boot) magazine. But with the market as it’s gone, probably didn’t have the credibility or profile of other magazines – such as The Economist, Forbes, Fortune, BusinessWeek, etc.

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  • 2 Andrew // Apr 29, 2009 at 12:06 PM

    I think the important thing is that not all parts of the world are suffering. Here in Thailand it’s tough, sure, but not as bad as elsewhere. New magazines are still hitting the shelves most months.

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