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UPDATE: Condé Nast Statement On Jane‘s Demise

janefolds_070907.jpgJanemag.com to fold, too

Just in from Condé Nast corporate:

Jane magazine will cease publication with its August issue, it was announced today by Charles H. Townsend, President & CEO of Condé Nast Publications. The website, janemag.com, will also be shut down.

“This was a very difficult decision for us,” Mr. Townsend said. “We worked diligently to make Jane a success. However, we have come to believe that the magazine and website will not fulfill our long-term business expectations.”

That the Jane site will also be shuttered is a shift in strategy from other recent high profile magazine closings. Hachette’s ElleGirl.com and Time Inc.’s TeenPeople.com were spared in their respective print killings.

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