not a good time to be in the magazine business

[gh]

no more Gourmet?!!

http://www.sfgate.com/cgi-bin/article.c ... 1A1FQ8.DTL

[richxx87]

I also noticed that yesterday and was discussing it with colleagues. I actually am in the magazine business, but in Asia, the magazine group I work for, is doing fine. In fact, we are expanding. Part of that is due to the fact that the readership, happens to be the wealthiest 15% of society. They, unlike wealthy Americans and Europeans, have a greater cushion and don't feel the effects of the economy so much; certainly not enough to cancel a subscription to a magazine where they themselves appear in the society pages.

[jhc68]

Our local library no longer subscribes to Newsweek!

[Halfmiler2]

The problem for Gourmet and other high-end American magazines hasn't been a fall in subscriptions which have held up pretty well in the recession, but rather the drop in advertisers especially for luxury items.

[IanS_Liv]

If I understand the magazine business at all, it's definitely the advertising that holds up and finances most titles.