Tag Archives: Conde Nast Portfolio

Conde Nast Portfolio, one year later

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Stephanie Smith of Women’s Wear Daily writes Friday on the one-year anniversary of the launch of business magazine Conde Nast Portfolio.

Conde Nast PortfolioSmith writes, “But as its May issue, marking a year in publication, hits newsstands, [editor Joanne] Lipman remains confident about the progress made so far. ‘I’m pleased with the way we’re going,’ she told WWD. ‘With every issue you see more of the personality of the magazine coming through. Portfolio itself is hard-hitting and counterintuitive, the reporting is in depth and it has a voice.’

“Executives on the 11th floor of Condé Nast appear to agree, praising both Lipman and the magazine. ‘We love her,’ said editorial director Tom Wallace. ‘She’s an ingenious editor and a capable manager. She’s produced a magazine that’s engaged her audience and won the respect of the industry it covers and the respect of its peers.’ To wit, Portfolio’s Briefs section was recognized this year by the American Society of Magazine Editors. ‘It was nominated for a National Magazine Award…that ain’t nothing,’ Wallace said proudly.

“He also argued that the amount of early tumult at Portfolio was on par with that of any launch. ‘In Condé Nast Traveler’s first year, the entire design staff turned over and the executive editor left,’ said Wallace, who eventually became editor in chief of the title. ‘I came in January 1989 and soon after I got here, the managing editor and the features editor left. And then there were more changes.’”

Read more here.

WSJ.com shows strong growth

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Jeff Bercovici of Conde Nast Portfolio writes Friday about how The Wall Street Journal‘s web site has continued to increase its readers despite not dropping its pay wall.

Alan MurrayBercovici writes, “According to internal numbers, WSJ.com hosted 15 million unique visitors in March, a 175 percent increase over March 2007, says Alan Murray, executive editor of the Wall Street Journal Online. Page views came in at around 165 million, up 75 percent year-over-year.

“‘I don’t know of any news site that’s growing at that speed,’ he says. ‘I don’t think this has gotten much attention.’

“As is common, Nielsen Netratings came up with a somewhat different set of measurements. Nielsen’s March numbers aren’t out yet, but it reported 6 million uniques visiting WSJ.com in February of this year, versus 3.4 million in the year-ago period.

“‘You don’t want to tie yourself too specifically to any one number, but the trend is clear,’ says Murray. ‘We are rapidly growing our readership.’”

Read more here. 

Portfolio's new ME calms the troops

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John Koblin of the New York Observer writes Wednesday about how new Conde Nast Portfolio managing editor Jacob Lewis has had a calming influence on the business magazine’s editorial staff.

Jacob LewisKoblin writes, “As managing editor Mr. Lewis, 37, who spent 12 years at The New Yorker, including five as its managing editor, has brought a steady and practiced hand to the wheel of Portfolio, which celebrates its one-year anniversary this month. ‘I wanted someone who knew how magazines worked,’ said Joanne Lipman, the magazine’s editor. ‘And I wanted to bring in someone who already knew Condé Nast.’

“Prior to Mr. Lewis’ arrival, Portfolio bore little resemblance to the other high-profile magazines of 4 Times Square. Ms. Lipman, Mr. Pope and Jim Impocco, the magazine’s ousted deputy editor, had all come directly from newspapers, and they made an early habit of hiring staff writers, hardly standard Condé practice. ‘You just never think of a mix of stories when you work for a daily paper,’ said one staffer. ‘I don’t think everyone understood that coming in here, and I think they’re still learning it, but it’s basic stuff for magazine people.’

“Mr. Lewis, in contrast, thinks the idea of a staff writer is ‘silly,’ according to another employee. Recent hires, like David Margolick, Howell Raines and Dana Thomas, have been offered contracts, as they are in most of the rest of the building, and existing staff writers have been asked to give up their health benefits, 401(k) plans and prospective pension plans and join the magazine under contract. (Mr. Lewis is quick to point out they could decline this shift to independence; indeed, only Alexandra Wolfe, daughter of Tom and a former Observer staffer, took him up on it.)”

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Portfolio is most notable magazine launch of 2007

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University of Mississippi journalism professor Samir Husni names Conde Nast Portfolio as the most notable magazine launch of 2007.

Conde Nast PortfolioHusni writes, “The magazine has provided in depth information on business issues ranging from food, gender, oil, media… you name it. The information in each issue is presented in an in-depth fashion merging the power of words and images to deliver the best visual impact of print (VIP). This VIP enhances CN Portfolio’s addictive, exclusive and timely, yet timeless content.

“With the power of print alive, well and kicking on the pages of CN Portfolio magazine, the same can be said about Portfolio.com website. CN Portfolio provides a complete package of information that makes it a must to today’s movers and shakers. Whether ink on paper or pixels on the screen CN Portfolio deserves the honor of being named the Most Notable Launch of the Year. A well done job in the midst of a very rough year both on the business and media fronts.

“Indeed, 2007 has been a rough year for media across the board, but what we have seen in the last 12 months isn’t new. It has happened before. In just one short year we have seen overseas news bureaus shutdown, a television and movie writers’ strike that has altered viewing habits, a move to free internet media content by some big name papers, the slashing of approximately 1000 titles from Wal-Mart’s newsstands and now you see that we have the lowest total number of new magazine launches in five years.”

Read more here.

Quitting time at the Wall Street Journal

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Jeff Bercovici of Conde Nast Portfolio writes Wednesday about the recent departures among the news staff at The Wall Street Journal.

Jonathan ClementsBercovici writes, “In recent days, columnist Jonathan Clements, reporter Laurie P. Cohen and editor Paul Barrett have all resigned from the paper. They follow reporters Anita Raghavan, who jumped to Forbes as European bureau chief, and Sally Beatty, who has joined Pfizer’s PR department. A Dow Jones spokesman declined to comment on the exits.

“Clements appears to be the biggest loss. His personal finance column, ‘Getting Going,’ is syndicated in 70 newspapers, and routinely makes the Journal‘s list of most emailed stories.

“On April 14, he’ll join Citigroup as director of financial education for a new unit created to advise the ‘emerging affluent,’ investors with less than $500,000 in assets. His duties will involve creating content aimed at those investors, including blogs, columns and videos. Even though it could be construed as a form of marketing, he sees the task as very much in line with what he’s been doing at the Journal: ‘I have no intention of sacrificing the principles I’ve spent the last two decades advocating, and Citigroup hasn’t asked me to do so,’ he says.

“Clements adds that Rupert Murdoch‘s takeover of the Journal had very little effect on him personally and wasn’t a factor in his decision to leave. ‘I’m 45 and it’s time for a change,’ he says. ‘I recently wrote my thousandth column, and if somebody told me I had to write another thousand, I’d go out back and blow my brains out.’”

Read more here.

Still dissension at Portfolio?

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Ryan Tate of Gawker reports that there is still widespread discord among the editorial staff at business magazine Conde Nast Portfolio, with editor Joanne Lipman still part of the reason why journalists are unhappy.

PortfolioGawker posts a lengthy e-mail from a staff member that reads in part: “Many magazines develop into factions. At Portfolio, the factions are quite lopsided. It’s every last person at the magazine versus Joanne Lipman, Amy Stevens, and Kyle Pope. (With new managing editor Jacob Lewis, who came over from The New Yorker, bewildered and privately neutral, but loyal to Joanne because that’s his job.)

“There’s nothing new about Joanne’s infuriations. What’s troublesome is that Conde Nast allows them go on and on and on. The only thing predictable about Joanne Lipman is that nobody has a frigging clue what she wants. She orders up one thing and condemns the editors for delivering it. She can’t explain her story judgment, and no one knows whether that’s because she has none, or because her mind is so internally confused that even she doesn’t know what she is thinking from day to day or hour to hour.

“Worst of all: outside of finance and advertising, she knows squat about business, and maybe finance and advertising too. The result is a mess of a magazine. What’s it supposed to be? If the readers don’t know, and the advertisers don’t know, it’s because the staff doesn’t know, and if Joanne knows she’s not doing a very good job of explaining it.”

Read more here. 

BusinessWeek, Portfolio, Economist, Bloomberg, Wired are Ellies finalists

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Lucia Moses of MediaWeek reports Wednesday that the finalists for the National Magazine Awards, better known as the Ellies, have been announced, and among business magazines, Wired, BusinessWeek, The Economist, Bloomberg Markets and Conde Nast Portfolio are finalists.

BusinessWeekMoses reports that Wired is a finalist in three categories, BusinessWeek and The Economist are finalists in two categories, while Conde Nast Portfolio is a finalist in one category in its first year. Bloomberg Markets is a finalist for the first time in the public interest category.

Last year, Wired magazine received a National Magazine Award in the general excellence category for magazines with a circulation betwene 500,000 and 1 million. The Economist was a finalist in the category.

In addition, BusinessWeek received an award in the interactive service online category for its B-School Channel feature on its web site. The magazine was also a finalist in the general excellence online category.

Read more here.

Portfolio editor's mother amused by the attention

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Conde Nast Portfolio editor Joanne Lipman told a group of Columbia University journalism students that she’s been surprised at the attention the new business magazine has garnered, writes John Koblin of the New York Observer.

Joanne LipmanKoblin wrote, “Ms. Lipman briefly touched on the well-publicized controversy Portfolio has faced in its first year by saying: ‘I have to say I found the attention to really, really be a head-scratcher.’

“Condé Nast, she explained, is different because when you run a start-up there you suddenly become a bold-faced name with some ‘extraordinary, colorful epithets’ attached to your name, though her mother in New Jersey finds it all pretty amusing.

“She explained the high level of turnover at the magazine thusly: ‘Some people were hardcore business journalists. And then other people, who were great magazine journalists, had zero business experience. So it was not always a comfortable mix. Not everybody worked out. We took people out of their comfort zones.’”

Read more here.

Portfolio and writer split

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Samantha Conti of Women’s Wear Daily reports Thursday that Conde Nast Portfolio and writer Lauren Goldstein Crowe are going their separate ways later this month.

Conde Nast PortfolioConti wrote, “Goldstein Crowe, who’s been at the site for a year, said she will leave portfolio.com when her contract expires later this month. She said she decided not to renew under the terms offered to her. ‘It was always meant to be a part-time gig I could do while writing the unauthorized Jimmy Choo story,’ she said. ‘It taught me a lot about the Internet, and I have no regrets.’

“According to industry sources, portfolio.com doesn’t want to invest heavily in fashion coverage, but still wants a presence at the international collections, and to be a force in the fashion business media.

“However, a spokeswoman for Portfolio said both the magazine and the Web site will be ramping up their fashion coverage over the next few months. ‘We will continue to cover fashion aggressively on the Web site — it’s too important a business category not to cover,’ said the spokeswoman (who happens to work at a company whose major business is publishing fashion magazines). ‘As the site has evolved, our needs have changed.’

“She declined to comment on whether Goldstein Crowe would be replaced.”

Read more here.

Financial journalism hits the big screen

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Adam Hetrick of Playbill reports Wednesday that an upcoming movie “Confessions of a Shopaholic” will have a lead character employed as a business journalist.

Confessions of a ShopaholicHetrick wrote, “Tony Award winner John Lithgow and Oscar nominees Lynn Redgrave and Kristin Scott Thomas have joined the cast of the upcoming film ‘Confessions of a Shopaholic.’

“Based on Sophie Kinsella’s novel ‘Confessions of a Shopaholic,’ the film chronicles the life of a young college graduate who uses her job as a financial journalist in New York City to support her shopping addiction.

“The Hollywood Reporter states that Lithgow will portray the magazine’s publisher, with Thomas as an editor and Redgrave a publishing mogul. Also set for the cast are Leslie Bibb as a fashion staffer and Julie Hagerty as a business magazine assistant.

“The film stars the previously announced Isla Fisher as the ‘shopaholic,’ Krysten Ritter as her best friend and Journey’s End‘s Hugh Dancey as the editor of the magazine for which Fisher works.”

Read more here. Wonder what New York financial magazine will be imitated in the movie? Forbes? Fortune? BusinessWeek? Portfolio? Is Dancey really Andy Serwer?