Though the site in question is still up as I write this, it was reported in the New York Post
magazine has shut down its fashion quarterly, Style & Design
. The Post
item states, "Time
blamed the collapse of the luxury market for the move. 'This really is a suspended publication,' said a spokeswoman of the one million-circulation magazine. 'We'd hope to bring it back when the economy improves.' " Kate Betts, the one-time editor-in-chief of Harper's Bazaar
who had been editor of Time Style & Design
, will remain with the company and is expected to cover this month's Fashion Week
shows for Time
. Four other staffers were let go.
Time Style & Design
tried to have an American and a European circulation base, in a bid to capture the eye -- and ad dollars -- of fashion designers in New York as well as in Paris, Milan, and London. About 550,000 subscribers were based in the United States, and 450,000 in Europe.
This event marks the second time during the third quarter that Time Inc. has shut down a magazine. Last month, the company closed Southern Accents, part of Time Inc.'s Southern Progress subsidiary.