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not a good time to be in the magazine business
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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.
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