Looking For Good In Today's Depressing Media Ink Column: Modern Luxury On The Auction Block, Life & Style Layoffs, And OK! Tries To Save Money

There’s quite a bit of disheartening news in Keith Kelly’s Media Ink column today. Here’s a Kleenex as we parse this, together, and attempt to look for nuggets of gold in a pile of poo, or perhaps a metaphor that makes more sense.

First, Modern Luxury Media, right on the heels of its San Francisco magazine winning a National Magazine Award for General Excellence, is placing itself up for auction.

Company CEO William Cobert said they’re looking for a new buyer in order to “support the future development of our company,” and made sure to mention in his letter to staffers that the company has already been approached with offers from interested buyers.

In fact, a

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