Wow. This is really bad.
Since this whole crapfest called the recession started, a handful of magazines that I read have already closed.
There's EGM, Plenty, Blender, Best Life, Men's Vogue, and PC Magazine. Other titles I'm familiar with but don't read that've shuttered are O at Home, Radar, Hallmark, Domino as well as a ton of others that although I don't pick up, it still is reflective of the industry I chose to work in.
Sucks.
On a related note, in the same way that writers and journalists back then have used and abused the word "juxtaposition," now you can hardly read a news article or blog post that doesn't have the phrase "In these economic times." Article here.
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