Hearst Passes 300,000 Monthly Digital Subscribers, Takes a Bow

That’s via the iPad, the Nook, and the overlooked but popular Zinio platform. And, not coincidentally, soon to be on Amazon’s tablet, which debuts tomorrow.
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Portfolio Lives! Sort Of: Web Site Adopted by Condé Nast’s Corporate Cousin.

Never say never: Condé Nast, which is closing down its Portfolio business magazine, has decided not to turn off the lights at Portfolio.com. Instead, it is shifting control of the Web site–essentially, the Portfolio.com address and a couple years of archived content–over to American City Business Journals, its corporate cousin in the Advance Publications family.
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Condé Nast Shuttering Portfolio

Condé Nast is shuttering its troubled Portfolio title and accompanying Web site. The publisher informed its staff of the decision at a meeting this morning. “The company is deeply grateful to Portfolio’s readers and for the broad support of marketers and executives all around the country,” says publisher David Carey.
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Condé Nast Firing Most of Portfolio.com Staff

More cuts at Condé Nast: The publisher will fire most of the staff of its Portfolio.com Web site, which is run separately from its sister print publication. The site’s editorial staff of roughly two dozen will be shrunk down to “single digits,” says a source at the company. But Condé Nast managers haven’t told Portfolio.com staffers who’s staying and who’s going.

Cuts Coming to Condé Nast, Too. Portfolio Gathers the Troops for All-Hands Meeting.

Time Warner’s Time Inc. won’t be the only magazine publisher making cuts this fall: Condé Nast is trimming its sails, too. The privately held publisher is reportedly telling every one of its titles to cut five percent from both its editorial and business ledgers, a number that MediaMemo hasn’t been able to confirm. But I can tell you that the staff at Portfolio, Condé’s business magazine, launched with equal parts fanfare and controversy last year, has been summoned to an all-hands meetings that should be starting … now. I’ll pass along more details as I get them.

Found: A Publishing Optimist!

What does Condé Nast publisher David Carey know that everyone else doesn’t? And who are these bullish advertising clients he’s talking to? Live from paidContent’s “Future of Business Media” conference, it’s … hope?