Howard Gold, the executive editor of MoneyShow.com and former editor of Barron’s Online for 10 years, wonders why Conde Nast Portfolio, a business magazine closed after two years, was even launched.
“That’s why when I read the accounts of life inside Portfolio’s gilded fishbowl, I wondered, what planet are these people on? And what century do they think they’re in? Overpaid writers strutting and griping — and not producing. Ego-driven news meetings where nothing was resolved. A reported $100 million of Conde Nast’s money down the drain. And never a clear statement of what this particular magazine was bringing to the table in a very crowded market.
“What jumped out at me most, however, was how much of an afterthought online appeared to be in the grandiose plans of Conde Nast’s reclusive owner S.I. Newhouse, Jr. and Portfolio’s editor in chief Joanne Lipman, formerly a top editor at the print Wall Street Journal.
Read more here.
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