As a huge fan of magazines you might be surprised that I think the pressure put on the industry with the growth of online media is great. It only means they are going to get better and more innovative if they want to survive. If you've had a good gander around the magazine rack lately the level of design, journalism and photography is outstanding. Personality, timeliness and boldness has returned to the recently overly formulaic and type cluttered muck magazines had become. Above is one of the smartest covers in the past year, and the hubaloo over the New Yorker cover further demonstrate magazines can be relevant and make news.
And being a big magazine lover, it can also be heavy on the pocket book for something so disposable and reliant on dead trees to exist. Online magazines have generally be a let down as they foster good content (ie. writing) but lack in the design and composition category. So mixing old world magazines with collaborative crowds is Mygazines.com. Who knows how long it will stay up before the lawyers get in the way but it lets you catch up on all those magazines you never got around to or the US Weekly you're to ashamed to be caught with.