According to Fishbowl NY & Radar, Condé Nast is shuttering Jane magazine. Staffers were supposedly told of the folding this morning. From the world wide media hags:
- Newsstand sales were reportedly down, but according to the Publishers Information Bureau, ad revenue ($6.2 million, up from $4.5 million, a 40 percent) and pages were up (35.4 percent) through March. [MB]
- Jane staffers actually are clearing their desks already. And Conde won't even be shipping the 90%-complete latest issue. This is after Conde spent a bundle on not one but two redesigns. [Gawker]
- VP-Publisher Carlos Lamadrid, who was brought in to handle the turnaround effort, and Editor in Chief Brandon Holley, who succeeded Ms. Pratt on Aug. 15, 2005, are leaving the company. The other 60 or so staffers will be considered for any available positions within Conde Nast. The August issue, due out on newsstands July 24, will be Jane's last...Conde is making no plans for the brand to "live on online." [AdAge]
