Fig. 14·A Engagement Decay — 9,418 Reader Cohort % of cohort still opening ≥ 1 issue / month 100% 75% 50% 25% 0% M0 M4 M8 M12 M16 M20 M24 M12 · FADE LINE 38% STILL OPENING but only 4% have canceled 17% 100% Active openers (% of cohort) Formal cancellations / month Reading volume area Net decay −83 pts · 24 mo