The problem is magazines are suffering just like the newspapers are. It costs money to publish and print them, and there is very little advertising money out there to cover the costs. Many magazines and newspapers are going to be internet only. The other thing may be for them to become non=profit organizations. That would help out many but not all as they still would need to get donations to survive.
It has nothing to do with content, although the smaller circulation publications have the most money problems.
I hope this helps you out.