MORE ON the sad decline of Time Magazine. “Newsweek recently sold for a dollar. At the rate Time is going, Newsweek may soon be eyeing it as a takeover target.”

UPDATE: Reader Bob Jacobs writes:

Last week I had to take my mother to close on a house she sold. While we were waiting for our lawyer I spied a pile of magazines on a table. I grabbed the Newsweek on top but thought it was an advertising insert. Nope, it was the whole magazine, just a few pages. Yes, the mighty have fallen. I don’t feel sad though, I feel wonderful. Would a note like this get the time of day from Time or Newsweek? I think not.

Yeah, if you haven’t seen a Time or a Newsweek lately, you’ll be surprised.