Portfolio Shutters Doors

Elizabeth

After much speculation, S.I. Newhouse has officially decided to close the doors at Portfolio. The business magazine was started in 2007 with a lot of excitement, but recently ad pages were down 60.9%. Newhouse was reportedly willing to take hits across the board before shutting Portfolio, which was considered “his baby.” Unfortunately for Conde Nast, it looks like it was the straw that broke the camel’s back.

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