“IT'S CALLED GOSSIP AND OF COURSE IT'S AN OBSESSION OF MINE” -ANDY WARHOL

The ailing U.S. economy has begun to affect periodical publishing, with newstand sales of U.S. magazines falling 6.3 per cent in the first half of 2008.Consumers are cutting back on non-essential spending because of rising gas and food costs, and that's hurt sales of most magazines, according to the Audit Bureau of Circulations.Cosmopolitan, usually the top selling magazine on newstands, saw sales fall six per cent to 1.75 million copies in the year to June 30.Among the top 10 U.S. magazines, In Touch Weekly, US Weekly, Woman's World and O, The Oprah Magazine, each posted a double-digit decline.
Only People, which published the first pictures of Angelina Jolie's twins earlier this year and recently won a bidding war to publish pictures of J-Lo's new babies, posted newstand gains. Its sold 5.2 per cent more copies in the first half of the year.