Several months ago, I was struck by a post on Slate, “The Magazine Isn’t Dying”, but it fell off the edge of the table and I never did link to it.
Go take a read. Gabriel Sherman makes a credible argument that recent magazine closings are a sign that the days of the ad-driven vehicle are (happily) winding down. While his focus is perhaps too much centered on the largest publishing companies, for better or worse those publishers do provide a healthy cross-section of titles conceived when advertising was good and cheap subscriptions seemed almost virtuous.
May Sherman’s hope give us hope.