High end zines; a contradiction in terms?

There is a bull market these days in articles that start out: "The traditional magazine model is dead." Which is how a May 7 article in the New York Times (free sub requ'd), by Jessica Pressler, kicked off when talking about the growth of high-end "zines". Now, aside from the fact that the "zines" she was talking about are to true zines as today's "lofts" are to lofts, there were a lot of