The Scientist is Dead

The magazine:

Biomedical researchers have lost a respected source of information--and science journalists have lost yet another publication for which they can write--with the news that The Scientist will stop publishing immediately. The news comes just after the magazine celebrated its 25th anniversary with a special issue.

Wow, that was unexpected. In a totally expected sort of way. Story here.

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I wonder how much this means for Open Access journals, since the 'new' owner was all about that. He says that their big problem is that they were dependant on page-advertisements, I wonder if he just gave up on it because he thinks its a failed model, a priori anyway?
And to be clear I am pretty much blindly speculating here, not knowing much about the issue.

Its also interesting that one of the comments in the article was 'I would've bought 3 years of subscriptions to this magazine had I known it was in trouble, I was waiting for an iPad version'. News Flash, /every/ piece of print media is teetering on the edge, if you've ever wanted it, /now/ is the time to start supporting it.