Pingmag ( http://pingmag.jp/ ), a very popular Japanese design magazine (possibly only online, unsure, but it had a stagg), also stopped publishing just now under similar circumstances.

I think a lot of this is unnecessary. Publications, people, heck everything needs to transition in times like these. Everyone needs to become more agile, more efficient and businesses need to cut things down to the bone. Unfortunately a lot of magazines, professional blogs, whatever, are still paying crazy rates and aren't cutting back.. so more will be going to the wall in 3.. 2.. 1..