The magazine suggested that he could be ousted if the company did not become solidly profitable.
Even more telling, many analysts still expect the company to be solidly profitable next year.
The company said it still expects to be solidly profitable for the year.
"We have sought and still seek to be solidly profitable."
Spiegel, which also produces television programs and has a popular Web site, is solidly profitable.
With $3.17 billion in annual sales, the company was solidly profitable and had a 39 percent return on equity.
The solidly profitable printing operations had almost all been sold.
Gate agents freely tell pilots to consider working longer hours so their company can become solidly profitable.
By the summer of 1997, four years after launch, Wired magazine was solidly profitable.
As a result, the company has become solidly profitable.