Portfolio's media blogger, Jeff Bercovici, finds himself writing his own mag's obit:
For nearly two years I've been covering the media industry's bad news on this blog, including some that's hit very close to home. Now it hits closer still: Condé Nast Portfolio is closing.
Our editor in chief, Joanne Lipman, just broke the news to staff, saying the decision had been made "because of financial reasons at Advance," Condé Nast's parent company... a sharp and extended downturn in ad revenue has made success elusive.
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