Would it be any different today?

Seventy-three years ago today Life magazine hit the stands for the first time. I have to wonder how a pictorial magazine featuring news and lifestyle issues would fare in today's marketplace. Of course, the Life magazine that I grew up with is long gone. But could something as iconic as Life launch in today's online world? Would the world of New Media embrace such an endeavor? I only have questions. Does anyone have an answer?