I blogged about this today and have had more hits on the article than I got the time Ian Rankin tweeted a link to my blog. Over 500 hits in the last 20 minutes, and more coming in every second.
Meanwhile, Neil Gaiman thinks Judith Griggs might have done this before (read the comments below the picture); and it's being discussed in BR&BC too.
The Cajun says it sounds like a complete Type A ad sales person. If she worked previously for magazines for anything, she was probably in ad sales.
He says lots of ad sales people have sometimes no concept of copyright. He dealt with that during making commercials. People would ask for certain logos to be in their commercials, and the sales people would promise it would be there and would tell him to put it in the ads.
He thinks more than likely he was an ad sales rep who struck out on her own, thinking she could do the same thing and probably hasn't stepped foot as an editor for anyone. She made the sales, threw together a magazines, and kept doing it as long as people were paying her. She'd make a good profit considering she wasn't paying writers at all, and hardly any overhead.
This is opinion only, not fact. Just open speculation. Probably shouldn't mention but it's a good point.