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Crain'sDomino just became the latest magazine to fall as the publishing industry tumbles. The four-year-old title on living in style will cease publication with its March issue, owner Condé Nast announced Wednesday.
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A spokeswoman for the magazine would not comment on the number of jobs that will be lost, but said that some of the business and editorial staff will move to other publications. Editor Deborah Needleman and publisher Beth Brenner will both be leaving the company.
Ad pages for Domino fell 4% to 695 in 2008 compared with a year earlier, though ad revenue increased more than 20% to $60 million, according to Publishers Information Bureau.
The economy has been particularly hard on the home sector and, by association, shelter publications. Last November, Cottage Living, published by Time Inc., folded, following 26-year-old Home magazine, published by Hachette Filipacchi Media U.S. Earlier in 2008, Condé Nast’s House & Garden and Martha Stewart Living Omnimedia’s Blueprint were shut down.
Americans are foregoing furniture purchases and home re-decorating in order to focus on necessities like putting food on the table. Earlier this week, Home Depot announced it will eliminate 7,000 jobs and close its Expo Design Centers, including three in the New York area. Last month, 30-year-old Depression Modern, a high-end furniture store in Soho, closed its doors.
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