Harper's, the nation's oldest monthly, to close at age 130
Probably no magazine in the world was ever so popular or so profitable.
That was the way an envious competitor described Harper's at the start of the Civil War. Since then, however, it has rarely been popular or profitable. Founded by four brothers in New York City, Harper's has spent most of its 130 years awash in red ink, losing $1.3 million annually since 1977. Last week America's oldest monthly received its long-feared death notice. Said Otto Silha, chairman of the parent Minneapolis Star and Tribune Co.: "It was no longer desirable for...
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