The rumors of the demise of four-year-old shelter magazine Domino are, sadly, true. We've just heard from a senior editor that despite the recent addition of a new publisher, the magazine has been hit hard by the recession, and employees were just told at a meeting that Condé Nast is closing the title. This makes us sad.
UPDATE: "This decision to cease publication of the magazine and its website is driven entirely by the economy,” Condé Nast CEO Chuck Townsend says in a press release that went out just now. “Although readership and advertising response was encouraging in the early years, we have concluded that this economic market will not support our business expectations.”
UPDATE 2: Mediaweek reports that the March issue will be the last, and that editor Deborah Needleman will leave the company, while some staffers will be placed elsewhere. A tipster tells us that Friday is their last day in the office.