Hate to tell you this Joe but the magazine would still be in the same position even if Dave and John were around. Simply put, printed publications are going the way of the dinosaur. People nowadays read books on tablets because its more convenient and you can read a lot more.
All print publications from Playboy to Hustler to Ebony Magazine is in severe decline. It won't disappear entirely but there's going to be a lot of nip and tuck in some areas.
I totally agree with you about the decline of the print industry as a whole. But their entire product has become a shell of its former self. The online portion - especially their forum - went from being a shit-slinging and juice talking fest to what it is now, which is a complete joke run by inexperienced people censoring and filtering out anything that would be worthy of reading.
Yes, I am a publisher of a bodybuilding print magazine, but realize that the online part of the business is the main aspect. My magazine is also available online, but I am really referring to the website itself - articles, videos, photos, forum, podcasts, etc. The magazine is merely a conduit to the site, but it does represent what you are doing overall.
The Dave and John (and Robbie) days included crazy videos, interesting ones, service-oriented and legitimate 'No Bull' content. MD Radio was kicking ass, too. It was the entire theme and flavor that those people gave off and the crew that they had working with them.
What you're getting now are fan boys and girls running it like a fan would and not professional journalists. Leave that shit for newsletters and blogs, not multi-million dollar companies.