Those 30,000 media industry types who have lost their jobs will have more time to sit at home and read magazines. Their pub of choice? Perhaps The Atlantic.
In a statement, publisher Jay Lauf explained the decision:
“In the middle of great political transition, economic turmoil and cultural debate, the American public is hungry for serious analysis and insight. Consumer response across all channels demonstrates that The Atlantic is capturing the attention of the new intelligentsia at a pivotal time in the nation’s history.”
The mag boasts an average household income of $107,973, however, so even the employed journos we know will bring that number down.