Breaking: Portfolio Folds

Portfolio magazine, the two-year-old Conde Nast business monthly, has folded as of this morning. Thus far, there’s been no official word on whether Web site Portfolio.com will live on in any capacity, but it’s not looking likely, as there’s no mention of future plans for the site in an early report from Portfolio.com media blogger Jeff Bercovici, in which he details that Portfolio editor Joanne Lipman learned of the magazine’s closure from Conde Nast chairman S.I.