I think it still exists, it's just gone downhill with the rest of print media.
Well yes, but Warner Bros. still kills its IPs
Anyone else would've turned Mad into Generic Clickbait Site #500 by now, so as inadequate as they are, they may unfortunately be the best possible owners of it at this time.
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my grandma used to have some books of the early strips and it was a revelation just to see how the style changed over the years...