Two U.S.
“Today is an extremely difficult day, the
worst day—and I’m heart-broken and devastated. We learned this morning, without
any warning, that our primary funder is cutting off all charitable giving and
that our board is shutting down @PacificStand, effective next Friday,” tweeted
Pacific Standard Editor-in-Chief Nicholas Jackson on Aug. 7.
The magazine is published by the Social
Justice Foundation and almost entirely funded by SAGE Publishing. “SAGE is
unable to continue to offer the very considerable financial support that the
magazine requires to be viable while also investing in the core businesses of
SAGE Publishing and, as a result, the Board of the Foundation had no
alternative but to take this decision,” said a statement from
the foundation. “The Board is committed to exploring options for
maintaining the availability of Pacific Standard’s content or otherwise
continuing the work of the magazine,” the statement said.
Governing, covering local and state
government, announced it was shuttering this fall.
“For the past several years, Governing and our
parent company, e.Republic, have made continued investments in the magazine, in governing.com and
in the numerous events we host throughout the country. Ultimately, however,
Governing has proven to be unsustainable as a business in today’s media
environment. We will cease publication of the monthly print magazine after
September, and we will be ramping down our web presence and the rest of our
operations over the next few months,” said a statement from
the publication.
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