The release suggests that the reasons for this negative trend include:

• The economy
• The effect of digital and social media on leisure time and as content delivery tools
• A heavy emphasis on low price subscription offers by major publishers to prop up rate bases
• Lack of effort to invest in newsstand while publishers turn attention to digital business

The good news, according to MagNet, is that magazine sales still generate $3 billion, and a high profit margin, with very little effort.