They do know how to make money. Many are even still profitable—just not by a huge margin. Being that many were bought up by conglomerates as a whole, the publi

They do know how to make money. Many are even still profitable—just not by a huge margin. Being that many were bought up by conglomerates as a whole, the publishers have had to answer—indirectly—to shareholder demands. Those demands are usually that they want to see continual, even exponential, growth every quarter. When publishing doesn't deliver such exponential growth, their cut of the budget gets reduced and reduced and reduced. They're not failing of their own merit. They're being strangled by several different hands.