There are plenty of explanations for the closure of Editor & Publisher, but one factor has to be that the Poynter Institute, Columbia Journalism Review, and American Journalism Review have all competed with it with the assistance of tax-exempt status from the government.
Non-Profits Out-Compete a For-Profit
https://www.futureofcapitalism.com/2009/12/non-profits-out-compete-a-for-profit
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