That's awesome and I'm happy they actually shared number, but the math doesn't seem to check out.
Current Affairs has 3,000 subscribers (who pay about $70 a year), and staff work to build deep connections to secure their loyalty.
Revenue: $210k
Content is produced by three editors (the other staff members cover graphics and operations) and freelance writers. Robinson said salaries and payments for submissions are modest to keep costs down, with an annual budget of just $600,000.
Expenses: $600k
I started to presume they make the majority of their revenue from ads, but then I remembered the first line:
An independent magazine published in New Orleans is proving that it’s possible to succeed without accepting advertising or putting up barriers requiring readers to pay for content.
Maybe they sell well at newsstands?