Over 350 magazines closed their doors in 2009.
In true Darwinistic form, as our generation spends increasing amounts of time in front of screens, traditional media has either had to evolve or whither away. A few answers have included enabling mobile websites, social media, and "apps."
Recognizing the danger, Hearst Media, the media giant which owns Cosmo, Esquire, and Popular Mechanics, has fused digital with traditional to create its own self-serving version of Amazon's Kindle, called the Skiff E-Reader. In short, it's a Kindle for your Newspapers and Magazines. Now how will it compete with the upcoming Apple Tablet, and everyone else's digital answer to the dying traditional problem?
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