This Law of Economics Shows Why Print Journalism Is Doomed
Yesterday's announcement that New York Magazine, which pioneered the new journalism, will now be coming out biweekly rather than weekly is the latest indication that high quality print magazines and newspapers are slowly but surely passing from the scene. New York's abandonment of weekly publication comes on the heels of Newsweek's closing, Time being spun off from its corporate parent (as a prelude, perhaps, to its moving entirely to the web), U.S. News and World Report devolving into a consumer guide, and the closing or shifting onto the web of a score of major daily newspapers.
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