This is not good - because Harper's is a publication that has done and continues to do excellent work (emphasis mine):
"Just before noon last Wednesday, John R. MacArthur, the president, publisher and chief benefactor of Harper’s Magazine, joined his editorial staff after its monthly meeting.
What he did not address was the chief concern on everyone’s mind: two days earlier, without warning, he had fired the magazine’s well-liked editor, Roger D. Hodge, in a five-minute conversation as Mr. Hodge was finishing his breakfast croissant.
The episode has sent ripples through the placid magazine, which has long been an outlier in the fast-paced New York publishing world.
Harper’s is a nonprofit that relies on the support of Mr. MacArthur’s foundation. As advertising revenue in publishing has declined, many organizations have considered that foundation model — combining traditional revenue with donations — to finance quality journalism. But as the Harper’s situation shows, no publishing model is immune to change — especially when one influential person runs the place."
MacArthur better get to fixing this ASAP. Harper's is a highly respected publication, whose monthly index reports have become tradition.