When Bob Mankoff retired from the New Yorker after twenty years as the Cartoon Editor, he left behind one of most successful new media models of the era: The Cartoon Bank. It was a database he founded in 1992 and ran from an apartment in Yonkers, and it helped cartoonists license their work for thousands of dollars a month. But when Condé Nast bough the Bank from Mankoff in 1997, the money began to dry up and the model began to fail.
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