Are our art magazines in a state of crisis?

Is it funding cuts, distribution networks or the swell of online journals that is affecting art magazine sales, or have readership and tastes simply changed?
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Art Gallery of NSW gallery shop; source AGNSW

A recent social media posting announced that the Art Gallery of NSW (AGNSW) had chosen to no longer stock art magazines in its bookshop.

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Gina Fairley is ArtsHub's Senior Contributor, after 12 years in the role as National Visual Arts Editor. She has worked for extended periods in America and Southeast Asia, as gallerist, arts administrator and regional contributing editor for a number of magazines, including Hong Kong based Asian Art News and World Sculpture News. She is an Art Tour leader for the AGNSW Members, and lectures regularly on the state of the arts. She is based in Mittagong, regional NSW. Instagram: fairleygina