RichardMurray,
Your question is disingenuous.
And the reason why is because I believe that you are not part of the magazine publishing industry.
Because if you were and had spent any appreciable time in it, you would know that since the advent of the Internet, most publications decided decades ago to eschew print subscriptions only and opt for a mixture of print and online editions.
The advantage of online is obvious - a worldwide reach and the editorial ability to update almost at will. A magazine publisher cannot dare to achieve this from just newsstand sales or mailed print editions.
So asking if there is a print-only magazine publication that is profitable has no bearing on today's reality.
But many magazines, such as People, are owned by conglomerate-corporations, whose many subsidiaries can absorb losses in a certain, but long-standing publications, until changes are made to stop hemorrhaging cash.
And a major attempt to stem the flow of red ink just happened to People Magazine's new owner, IAC/InterActive Corp., which is based in New York.
From the Feb. 9th edition of the Des Moines Register:
"Two months after Dotdash acquired venerable Des Moines magazine publisher Meredith Corp., the shakeup is beginning.
"Dotdash Meredith CEO Neil Vogel told employees Wednesday morning that the company will end the print editions of six of the former company’s magazines: EatingWell, Entertainment Weekly, Health, InStyle, Parents and People en Español.
"The move, which resulted in 200 layoffs, is the first of the changes Vogel promised after his company, New York-based digital publisher Dotdash, bought Meredith for $2.7 billion.
When the companies announced the merger in October, Vogel explained that the new business would blend Dotdash's approach, geared to online searches, with legacy Meredith's decades-old household names, such as Better Homes and Gardens."
END DES MOINES REGiSTER NEWS SNIPPET.
Dotdash Meredith is a subsidiary of IAC/Interactive Corp., which is owned by corporate (titan or investor or mogul) Barry Diller. The terms are interchangeable in financial publications.
(Part of my duties as a Senior News Editor, was fact-checking reporters' work, which included detailing the full corporate name of a business and its headquarter city. One cannot be error prone in financial reporting because of the intense competition and ever-present threat of lawsuits and worse, humiliation by rivals).
However, if you are searching for actual statistics on the U.S. magazine industry, one can find them here:
Facts on the U.S. Magazine Industry