Time-Warner has just announced that it is selling the magazine that gives it its first name, Time. The company, which will main just consist of HBO and some other TV properties, will also throw in People and Sports Illustrated. This comes on the heels of a drastic and disastrous retooling of Newsweek, which has stopped printing news and is only printing opinion and analysis.
Is there a future for weekly magazines? I don't know anyone who subscribes to one. It seems the only function they serve is to fill the waiting rooms of doctors and dentists.
It almost seems that everything is doomed to migrate to the web. But if that happens, will anyone pay for it?