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Thursday, April 30, 2009

End To An Era?

Another day, another sad headline for the magazine industry. The New York Post is reporting Source Interlink, is expected to file for Chapter 11 Bankruptcy protection.

According to the article, the move will help Source Interlink get out from under almost $1 billion in debt, mostly stemming from the company's acquisition of Prmedia's Enthusiast Media Group, which held Soap Opera Digest and Soap Opera Weekly, among other titles.

The internet seems to be providing us with all the information we need, and newspapers (especially left wing newspapers) and magazines are going to soon be a thing of the past.

But then, that's only my opinion



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