You can read a periodical on more than one device now. I think the change was made around December 2010. Only one device will receive the periodical automatically. For the other devices, you can find issues of the periodical in the archive. In some ways, I prefer it this way so that a magazine I'm in the middle of reading doesn't suddenly go to the archives when a new edition is sent to my kindle.
Oh, and I think this applies to only kindles and android devices - I don't think you can read periodicals on iPhone/iPod Touch, kindle for PC/Mac, etc.
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