An article about the demise of the Conde Nast/Portfolio magazine partially blames Advance's newspaper division for bleeding so much money that the company could not afford to continue pouring good money after bad into the magazine.
The article also refers to the negative management style of the magazine editor and a failure to understand the online world.
Sound familiar?
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Gotta love those Newshouse folks.
They 1) Start a magazine to answer a question nobody's asking 2) Let the magazine world's version of Cruella deVille run it with a blank check (I'm sure Matt Cooper wasn't a cheap hire)and 3) Pretend the internet doesn't exist.
Perfect recipe for a steaming bowl of Not Good.
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