Condé Nast Closing Domino
Wed, Jan 28th, 2009
More cuts at Condé Nast: The company is shuttering shopping/interior design magazine Domino, it announced today.
"This decision to cease publication of the magazine and its website is driven entirely by the economy," says Condé CEO Charles Townsend, in a statement. "Although readership and advertising response was encouraging in the early years, we have concluded that this economic market will not support our business expectations."
Domino's ad pages dropped 4% last year, according to the Magazine Publishers of America. That's actually better than the industry average 12% drop.
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