03/05/2009 05:12 am ET Updated May 25, 2011

David Carr: Domino Folding Shows Even Conde Nast In Retreat

Home to magazines like Vogue, The New Yorker and Vanity Fair and the gossamer creatures who produce them, the building is surrounded by a phalanx of idling black cars and decorated with fables about discarded six-figure photo shoots and editors who FedEx-ed their luggage ahead of them so as not be burdened on the commute.

But in a week when the news came that the gross domestic product shrank 3.8 percent in the fourth quarter, even the Death Star feels the pull of economic gravity. Domino, a shelter magazine for smart young things that was first published in 2005, was closed just two weeks after the company put Bill Wackerman, one of its most prized executives, in charge of turning it around.

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