The problem with magazines in this day and age - an age characterized by what I call the "now generation," - is the simple fact that magazines are periodicals, and by nature can never have anything from the here and now. I have no use for month old information any longer. The other aspect that many publication fail to capitalize on is interaction. Take the Miami boat show for instance. While it was happening live, pictures were streaming onto OSO by many members. You wanted something specific, you asked, and a couple hours later someone posts it. It's old news now, but I'd be willing to bet that many boating publications are just now stocking their boat show issues. Meanwhile most have already forgotten about it. Take any event for that matter. You'll usually find a report and photos posted the very same evening. We are developing an ever-increasing and insatiable appetite for content delivered NOW.
Some folks argue that they like to have and hold paper in their hands, but that necessity is really on the decline with all of portable electronic options available. It's old media; I personally have no need for it.