Condé Nast Folds Portfolio

A sad day for enthusiasts of long-form journalism: Condé Nast has decided to fold its $100 million business magazine, Portfolio. This month, Portfolio published Condé Nast’s thinnest monthly magazine ever, despite having won a National Magazine Award and publishing pieces like Michael Lewis's autopsy of Wall Street and Joe McGinniss on Sarah Palin's struggles to build a pipeline in Alaska.  Condé Nast has also folded Domino and Golf for Women magazines to cope with the recession.