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After 151 years, Popular Science will no longer offer a magazine
(www.theverge.com)
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this post was submitted on 28 Nov 2023
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So basically some fucking shitty investment company bought the magazine and immediately destroyed it. How sad 151 years and all gone in a blink of eye because of some shitty investors.
Investment companies are often only able to buy other companies like this when they're already declining significantly.
Magazines in general are on their way out. It makes me nostalgic-sad too, but the world is changing and this is one of the ways in which it is changing.
Right. I think the point though is that investors come in and they don't give a shit about what they invested in as long as they get a return.
Whereas somebody who cared about the company might invest in such a way that the company may survive even if the return is not that great.
The investors come in and force the company to agree to terms and of course those terms do not favor the company, they favor the investors.
I agree completely. I loved magazines, I used to buy them all the time, I even went to a specialty magazine shop when I was younger in my home town and it was incredible. Eventually, things started shifting towards online and magazines started inserting more and more advertisements and less content, and then magazines just started dying out more and more. They are awesome part of history that will be sad to see go.