Are our art magazines in a state of crisis?

Is it funding cuts, distribution networks or the swell of online journals that is affecting art magazine sales, or have readership and tastes simply changed?
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Art Gallery of NSW gallery shop; source AGNSW

A recent social media posting announced that the Art Gallery of NSW (AGNSW) had chosen to no longer stock art magazines in its bookshop.

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Gina Fairley is ArtsHub's National Visual Arts Editor. For a decade she worked as a freelance writer and curator across Southeast Asia and was previously the Regional Contributing Editor for Hong Kong based magazines Asian Art News and World Sculpture News. Prior to writing she worked as an arts manager in America and Australia for 14 years, including the regional gallery, biennale and commercial sectors. She is based in Mittagong, regional NSW. Twitter: @ginafairley Instagram: fairleygina