“ The operating policy now, particularly at Condé Nast, basically reads: Revenue first! Future later. And the printed page, the luxury object, is still where you find the money these days.
NYObserver catalogues the cuts at magazine websites. Which, depending on how you look at it, are either short-sighted: ceding whatever presence they currently have on the web dooms them to irrelevance later, or tragically spot-on: because they have yet to master the web, they might as well give up now and preserve their bottom line for a few more years. Is the magazine industry starting to resemble the newspaper industry?
