Following the announcement that Bookforum will shutter after its winter issue, an article in The New Yorker reports that Penske Media recently acquired only sister publication Artforum, and the company says the decision to close Bookforum “is unrelated to Penske Media.” Bookforum announced its closure on December 12, just one week after PMC bought Artforum. As the magazine puts it, “Acquiring the art magazine without its scrappier literary offspring seems to have secured Bookforum’s demise.” Kate Koza, associate publisher of Artforum told The New Yorker, “The publication of Bookforum was no longer financially possible without Artforum’s income and efficiencies.” In the […]