I see great potential in the Steem blockchain and think that it is worth trying to implement any good idea, and only then analyze the results and decide whether this idea is successful.

If we talk about the practical side of implementing your idea, then I see it like this. You can create a site on a separate domain with your own unique modern attractive design. A group of editors, who will initially work exclusively voluntarily, could add posts they liked to this site (magazine). Ideally, it would be good if the post itself was physically located in the blockchain, and the post was simply displayed on the created site, as is currently done on any alternative interface. The newly created site should be optimized by someone who understands something about SEO. This will allow you to get more search traffic. Then you can solve the issue of monetization.