I read similar pledge in US News, where Gergen serves as editor at large. I switched from Time to US News because I didn't want to give money to a magazine that is too much liberal. For a while, US News as okay. Now, I cancel my subscription. Internet provides enough good news and articles.
We have subscribed to US News for years. I have told my wife for most of those years to please not renew it when it runs out. So far, I have been unsuccessful.
This most recent issue really made me want to puke.