Velovision ... now out of publication ... articles on bikes and other aspects that most magazines did not touch
...and ultimately its audience was too small to sustain its continued existence.
Whatever anyone thinks of magazines like Cycling Plus, the simple fact is that they exist purely as a commercial enterprise to make money for the publisher - this is true of all mass-market consumer magazines, not only cycling titles. That's not to say they're not worth reading - the editor's job is to provide content that will be of suitable interest to enough readers to make them want to buy the mag, and the best editors will be good at this, but attracting readers is ultimately a means to the end of attracting advertisers. And whatever you think of advertising, it is essential to these magazines because it is what keeps them afloat - without ads, you'd be looking at a cover price of £20 or more just to cover production and distribution costs. No such thing as a free lunch.
The more 'boutique' titles are a labour of love and put together on a much smaller budget (contributors are often unpaid) and exist purely to promote the subject rather than to make money - which is just as well, because they don't.
Cycling mags are a tiny, tiny niche in the magazine publishing business, and the boutique cycling mags are a tiny niche within that tiny niche. Cycling Plus is easily the biggest player in the field but even that has a circulation in the few tens of thousands, compared to the several hundreds of thousands of the biggest women's mags and TV mags.