Crashola #1: Print
The magazine / publishing industry is badly hurt.
- New web site: Magazine Death Pool, listing Magazines That Have Gone Under. Electronic Gaming Monthly, Country Home, Plenty, Wondertime and so on. Their lede is that magazines are becoming a luxury if the Internet / Web is available.
- Mad Magazine is going monthly -> quarterly.
- Diamond Distributing has significantly hiked their levels of who-is-worth-their-time, leaving out a lot of indies.
- The NY Times’ debt was just put in junk status, and I can’t think of a newspaper in the country that is in great shape. A lot of this was due to Stupid Management Tricks, where new owners essentially purchased The Paper and paid off the shareholders by putting The Paper deeply into debt in the process.