Can magazine companies compete online?

I guess it’s theme week. And this week’s theme is all about magazines and the web.

Yesterday, I pointed to an interview with the business editor of Wired magazine regarding magazines and the web. Today, the Wall Street Journal has an article on the same topic, focusing primarily on the web strategy of Wired’s parent company, Conde Nast.

Quote:

“Web revenue for magazine companies is about 5% of their total revenue, says Martin Walker, chairman of Walker Communications, a…