Books & Culture survives financial crisis
Print publications across the board are struggling to find a financial formula to help them survive—or praying for a deep-pocketed savior to rescue them the way Amazon founder Jeff Bezos is doing with the Washington Post.
Religious publications are also feeling the pinch, and the latest evidence was a dire warning from the Christian literary magazine Books & Culture that it could have shut down if it hadn’t reached its $250,000 fund-raising goal on September 9.
The magazine survived the chopping block, receiving just above the amount needed to continue in 2014. The publication has pledges of $110,000 a year until 2018.
