There were lots of reasons, as blogger Kyle du Ford points out, why Budget Living shouldn't have had to close: The magazine, by his calculations, was grossing $17 million a year, which is enough to keep even Maer Roshan happily publishing for a while. Impressive, yes? Actually no. Budget Living really did shut down yesterday, as both WWD and Keith Kelly report. Severance packages are still be determined, but staffers seem likely, at best, to be paid for another two weeks, till the end of the month. After that, well, one hopes they've been reading their magazine carefully.

Analyzing the Numbers: The Demise of Budget Living [Big & Sharp]
Memo Pad [WWD]
Budget Is Cut [NYP]
Earlier:
'Budget Living' Dying
'Budget Living' Dying: The People Have Spoken

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