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And yet when it's our turn to create something new, we create electronic magazines that look just like printed magazines.
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The real problem here is his notion of 'electronic magazines'. These have
already been transformed, it's called the web, and the online versions bear little resemblance to a printed periodical.
The concept of magazines on ebook readers might have been relevant in 2000, but it isn't now - all you need is a browser. The repackaging initiatives that Time et al. have been throwing around are just a way to try to get people to pay for the stuff. For magazines that include a lot of visual material print still offers significantly higher quality, and that's not going to change any time soon.