The Web and the economy have not been good to magazines.
There is even a website dedicated to chronicling their demise.
What is likely to be hurt the most are the extreme niche magazines and there will be consolidation among magazines with broader appeal. What does this mean for magazines like The American Conservative and Chronicles that many of us paleos like reading? Such magazines have never broken even and have always relied on patronage from benefactors. So I guess it will depend on whether the donations continue to roll in.