Robin, from over at In My Book ®, notes, The NYTimes Is Reporting Book magazine, which profiles authors and their works in much the way that People magazine reports on celebrities, said yesterday that it would cease publication after its November/December issue because its co-owner, Barnes & Noble, was withdrawing financial support.
The magazine, which was founded in 1998, has lost more than $1 million this year and needed more cash. Barnes & Noble, which invested $4.2 million in the publication in 2000 and gave the operation a loan of $2.5 million a year later, has decided to make no further investment.
How awful!
It was a good magazine and I’m sorry to see it go. I loved getting a new copy to help me make decisions on which books I would buy for myself and others.