Editing Still Pays

Now, this IS news: an actual job opening in journalism. Hard to believe, I know. The Oberlin Alumni Magazine, an attractive four-times-a-year publication, http://www.oberlin.edu/alummag/summer2008/, is looking for a new top editor.
From the posting:

Responsibilities: Candidates must have excellent writing and editing skills and possess a strong sense of journalism and graphic design. Candidates must be able to plan, edit, and write stories; commission and direct freelance writers, photographers, and graphic designers; meet deadlines.
Requirements: Bachelor’s degree or higher. Five to seven years experience in journalism/writing and editing. Experience in magazine design and production. Working knowledge of graphic design and image editing software, preferably on the Macintosh platform.
To Apply: Submit a résumé, three recent writing samples, and up to three copies of any publications whose production you have supervised to: Ben Jones, Vice President for Communications, Oberlin College, 145 West Lorain Street, Oberlin, OH 44074 by October 10, 2008.