After 19 years of making fun of Canada’s political and social elite (such as they are), Frank Magazine is closing up shop. Said publisher Michael Bate:
“It’s time to fold it up. It’s not a business model that works any more. There was a time when Frank would break stories and print information you just couldn’t find anywhere else. Those off-the-record stories and stories that used to be among the media or a small political elite, now …are on the internet.”
Damn you, Internets. You’ve done it again.
I didn’t really read Frank, but its demise is still significant as a herald for the coming print meltdown. In the face of declining subscriptions and web competition, Canadian newspapers are going to go exclusively online or disappear altogether. Frank, with a somewhat limited audience when compared to the broadsheet dailies, is just the first casualty.
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