OK, they wanted to go the old-school route, which was wonderful, but it didn't work. As the article said, it never worked very well in terms of being profitable. That's not why you run a magazine like that.
There are lots of other business models for literary writing nowadays, usually Web-only, none of which produce very much revenue, but at least they wouldn't have lost as much.
Then at some point the economic realities hit Astra and they realized the PR project wasn't worth the amount of money they were spending keeping it going.
But it doesn't sound like it was ever organized to make money.
I should have added: a "loss leader" in a grocery store is something that draws in the customers, but then they buy other things that makes up for the losses. Apparently Astra expected more than they were getting.
https://gitlab.com/magnolia1234/bypass-paywalls-firefox-clea...