Somehow it's just not fun to read about Wall Street glory when your job and retirement have been crushed by a bunch of greedy slime balls and freeloaders. The Wall Street cheerleading crowd will surely have more biting the dust following their complete failure to provide anything more than People magazine for Wall Street. CNBC:
Conde Nast said Monday they will cease publication of its Portfolio business magazine and Web site.
The closure of Portfolio will be effective with its May issue, while Portfolio.com will close in the second quarter of the year.
"The pressures and realities of the continuous deep economic slump have lowered Portfolio's revenue projections below what is needed to continue publication," Conde Nast Chief Executive Charles Townsend said in a statement Monday.
