In an attempt to revive itself, Publishers Weekly hired a new top editor. “After decades of enjoying a near monopoly on coverage of the book publishing business, Publishers Weekly in recent years has often lagged in competition with Internet sites, e-mail newsletters and daily newspapers. The consolidation of the publishing business and the demise of many independent booksellers has eaten into the magazine’s pool of potential subscribers. Its paid circulation of 25,000 is down about 3,000 from the peak in recent years. Perhaps worst of all for a publication focused on a single industry, even subscribers are not certain about where the magazine is aiming.”