I was delighted to hear that this rag is going under. Well, it is up for sale and bleeding red ink, so it probably will go under if some sucker doesn't buy it.
I became aware of this mag a couple years back when I went to the dentist. Sitting in the waiting room, I picked up a copy and browsed through it. It was literally a caricature of left wing bias; there was nothing subtle about it. It even had a photograph of George Bush smiling at the camera with the caption "What Me Worry?" The photo was part of a "serious" article about the war in Iraq. Sorry, Newsweak, there is already a Mad Magazine and it actually makes money.
Extra, Extra! Read all about it!