FYI page counts for paper publications are often based upon advertising revenue, either directly or indirectly.
When I worked at a small daily paper, we didn't know how many pages we were going to have available for the next day's paper until we came into the office in the morning and got word from advertising.
Of course. Obviously the income comes from the advertisers - the price of the subscription barely covers the administrative overhead to maintain the account and mail the product.
It's a little more complicated with publications that qualify for 2nd-class mailing because there's a maximum percentage of advertising allowed under the terms of the 2nd-class license.
And there's the factor that pagecounts come in multiples - often big numbers like 16. So you can't just add a couple of pages - the next jump is big.
So I agree - they're not selling the advertising needed to make a decent size magazine with enough editorial content to interest buyers. And it's the buyers that interest advertisers.
Yet every month I see fat guitar player magazines on racks everywhere. If it were all about the death of the amateur musician, seems like those would be struggling too.
