New Yorker In The Black?

The New Yorker magazine has been promising it’s on the verge of profitability for years. Now it finally looks like the magazine is in the black and is expected to announce a profit of $1 million. “Since Si Newhouse took over The New Yorker 17 years ago, he’s sustained losses estimated at more than $215 million – including nearly $40 million over the past five years alone.”