Tired of watching its affluent readership attacked, upscale media outfits are striking back at their mainstream press brethren, Johnnie Roberts writes in Newsweek. Brett Andersen, editor of the high-end monthly Robb Report, had led the charge by blasting the “demonization of the wealthy and the industries that cater to them,” citing their economic, cultural, and intellectual contributions to society.
Among cash-strapped victims of the recession, “luxury bashing” has prevailed across the media landscape, Andersen charges: “All of the wealthy get lumped in with Madoff." One magazine expert praises Robb Report for defending the well-healed 3%, saying, "It takes guts in this day and age. But that's their bread and butter." Adds Roberts: "So you really can’t excuse the magazine for spreading it on thick.”