New York Media Makes Hard Choices to Keep Magazine Afloat

CBS News: New York magazine may have outlasted dozens of rival publications, but it’s had to make some tough financial choices. In 2014, it went from weekly publication to biweekly. Earlier this year, the company laid off five percent of its staff. And as of late last year, once you’ve read a few articles for free, you’re asked to pay $5 a month for web access.