I decided not to read the article when I saw that Time was accusing the 22nd largest company in the world [1] of being in decline. Time lost its shine with the decline of print media.
http://www.forbes.com/global2000/#p_3_s_a0_All%20industries_...
http://www.forbes.com/global2000/#p_3_s_a0_All%20industries_...
Even if I accept your premise that every single other print publication has declined as well, that doesn't make his statement any less true. The statement was only about Time.
And I certainly don't accept your premise.