I have a digital subscription to the US Fine Woodworking magaizine.
Living in Australia that magazine in paper form costs an arm and a leg and takes about 3 months to appear on out news stands, as does ME and MEW.
A digital subscription for overseas subscribers would be a boon for both the subscribers and the publishers. It could be made available at a reasonable cost, we would have the latest issue available (both for reading on-line and downloading in pdf format) as soon at it appears in the UK.
If it works for Fine Woodworking, it could work for ME/MEW and generate extra income, it does for Taunton in the US.
They even include full access to their archives in pdf format, all that for about $US35 pa.