Are the wheels coming off The Walrus?

Serious doings apparently afoot at The Walrus magazine. Last week, Tom Fennell, the deputy editor, quit. This was followed by the resignation of Bernard Schiff, the publisher and also chair of the Walrus Foundation; he was followed out the door by most of the rest of the board (it's not clear how many or if the board quit en bloc) including Sandy Houston, who represents the Metcalfe Foundation