That is what Hardcore Gamer Magazine is doing. It's taken a lot of inspiration from GameFan, and has the nicest page layouts around, but it's tanking. At the beginning of the year, it went from monthly to quarterly. Quarterly! A game magazine, in this day and age, publishing only 4 times a year. It's like a company going under and laying a ton of people off to try and save themselves. They don't really do reviews anymore either. The latest had only two reviews. They focus on articles mostly, and previews. I also can't find it on the newsstands. But I can download it for free from their site.
And EGM will be the one who caused their own demise. That magazine has been terrible for years.