Irin Carmon of Women’s Wear Daily reports Wednesday that Michael Caruso, an editor who helped new business magazine Conde Nast Portfolio get off the ground, is no longer at the publication.
“Caruso, who was editing some of the longer features in the magazine and who launched a self-funded video aggregation site in June, did not respond to requests for comment on Tuesday. But sources at the magazine interpreted the move as a further shift of power away from traditional magazine types toward hires from The Wall Street Journal, Portfolio editor in chief Joanne Lipman‘s alma mater and a popular poaching ground for hires, particularly after the sale of the Journal’s parent company to News Corp.”
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