Magazines have been crunched in recent years by readers’ preference for digital over print, where advertising is both less lucrative and dominated by tech companies.Charles Whitaker, the dean of the Medill School of Journalism at Northwestern University, said that in purchasing Time Inc., Meredith had been “wildly optimistic about the extent to which acquiring those brands would create these economies of scale and synergies that would help them fend off the Googles and Facebooks of the world.”He added: “This continued consolidation is obviously troubling. The more competition and the more companies that we have producing content, providing jobs …
