Publishers of Jane magazine abruptly announced yesterday that the glossy had folded. "We have come to believe that the magazine will not fulfill our long-term business expectations," the president of Conde Nast said in a statement. The youthful indie-style mag's founder, Jane Pratt, was reportedly forced out two years ago and said of the news, "It's an interesting and sad day. The general idea of me leaving and bringing a fresh team in was simply not executed successfully. I would have loved to have stayed on and helped select a new staff that could further the basic version of the magazine. Creating Jane was fantastic, and I had a magical team of people with me."source
