Magazines are following newspapers, TV networks, newspapers and all the rest of the "legacy media" in the wrong direction:
"What's hurting magazines the most is the loss of readers of its printed pages to the Internet," said magazine analyst Martin Walker.
"The titles with the strongest performances are the fashion and beauty titles whose pages can been seen only on their printed versions, not on the Internet," said Walker.
Who could have figured it? Put your stuff online for free and people will stop paying to see it in the original medium. Imagine if Hollywood had responded to TV by providing it with first-run movies simultaneous with their openings in theaters.