When The Magazine ceases publication this December, owner Glenn Fleishman will be closing shop on an ambitious two-year experiment in digital publishing.

It's not a total surprise — subscriptions were already on a downward trend when Fleishman transitioned from editor to owner of The Magazine after purchasing the publication from Marco Arment last year — and it's not a total bummer, either.

In fact, Fleishman says he's feeling pretty good about stopping here: he's met his obligation to provide Kickstarter backers with their one-year subscriptions, and he's ending this fascinating experiment while it's still profitable.

"I'm even able to pay myself an ever-declining hourly rate for my time," said Fleishman, who spoke with Cult of Mac about what went right, what went wrong, and his feelings about pulling the plug on a project that was his full-time job for the last year and a half.
The app was profitable from start to finish, and paid writers well, but subscriptions fell from 35,000 to below 10,000. An object lesson in the problems everyone has with the explosion in content: how do you keep making money, and a living, from it?