Thanks to Mike D, we learned last night that No Depression is calling it quits.
Here’s a message we found on their website:
“As we announced in this space a couple months ago, our May-June issue will be the final print edition of No Depression magazine.”
This follows on the heels of the farewell from Harp Magazine. Here is more about that:
“Monday, March 17, 2008 – Harp Magazine, which started as a roots/Americana magazine, is closing its doors.
In an email sent last week, editor Scott Crawford wrote, “It’s with a really heavy heart that I even have to write this. As many of you know, our cash flow had slowed recently. Due to various factors, including the current newsstand magazine slump, the majority shareholders of Guthrie Inc. Harp’s parent company, have decided to declare Chapter 7 bankruptcy.” (Country Standard Time)
The internet takes the blame on this one, as Magazine Love reports “Many media people expect more magazine closures as the web drains off advertisers and readers. Unlike TV, newspapers and radio, magazines won’t see much of the record political spending expected this year, and continued softness in the economy will hurt a number of categories.”
The only question is whether this trend will ripple its way all the way to the top.
In the music industry, this is part of a trend of the www taking down the establishment. iTunes and digital downloads has crushed the traditional method of selling cds, creating closures of long standing record shops (Ozone and NW Music Millen. in Portland, for example).
I also can remember a not too distant time when folks thought books would go the same route after a year’s slump in sales and the closures of bookstores.
Like all things, I think a shake up in the economy in the US is inevitable. And there are more, larger big scaries on the horizon as the boomers begin to say so long to labor force. A shortage in the labor force means that we may be real, real glad that we consolidated media.
We’ll keep monitoring this issue and continue to report!