fiasco nearly bankrupted APA, as I understand things, and forced them to sell off valuable property in order to remain solvent. I believe that Gary VandenBos was instrumental to stabilizing APA finances after the magazine had
been sold off.
As I recall, when
Psychology Today was successful, it published sloppy pop psych articles about people’s love lives, etc. This was embarrassing to psychologists, and APA bought it with the aim of turning it into a
Scientific American-like magazine: more “serious” content, including citations of “real” psychological research. Virtuous as this may have been, in principle, it turned out to be disastrous commercially. There was simply no market for popularized accounts
of “serious” psychology. Junk advice about love lives had not been a bug; it had been the magazine’s key feature.
In any case, my point wasn’t that Psychology Today was a “good” thing, but that it was an historically important thing in the history of the discipline (broadly speaking), and that the passing of its creator was worth noting.