Quote, unquote: Have U.S. magazine publishers lost their faith?

Retrenching during an economic contraction is one thing. But starving and killing off your brands one by one -- and refusing to invest adequately in the transition from print to web -- suggests that you're simply abdicating. You've lost faith in what you do. You've lost faith in publishing.

-- Advertising Age columnist Simon Dumenco, asking, in a hard-hitting column, whether big U.S. magazine publishers believe in the business anymore.