The new luxury lifestyle magazine will be sent to a subgroup of The Wall Street Journal’s subscribers with an average household income of $265,000, beginning this Saturday. Total circ for the launch issue will be 960,000 copies: 800,000 sold by subscription and at newsstands in 17 large markets, plus 160,000 copies distributed on Fridays overseas. [...]
The U.S. Postal Service has had a year-to-date net loss of $1.13 billion, including a greater-than-expected loss of $1.1 billion for the third quarter. How this affects the magazine industry: ABM Washington Counsel David Straus says, “The way the CPI [Consumer Price Index] is going, you could be looking at periodicals rates going up 5 [...]
The LA Times website recorded 127 million page views in the month of July alone, shattering its old record of 120 million. The site was well on track to break its previous record, but when the earthquake hit, the number of page views increased even more. There are full lists of the top viewed articles, [...]
The Washington Post Company, parent company of Newsweek magazine, reported a first half net income of $36.5 million, down 73 percent from $133.2 million during the same period in 2007. However, revenue was $2.1 billion, up 7 percent from the same period last year. Folio (August 1, 2008)
Fox International Channels and The Wall Street Journal are planning to expand their partnership by having the newspaper’s content promoted on television networks in Latin America. WSJ Americas ads will begin appearing on Fox, FX and National Geographic channels in the region as soon as the deal is finalized. This agreement aims to use the [...]
The San Francisco Chronicle has said that it will offer at least 125 employees the chance to take a buyout before the end of the year. President and CEO Frank Vega said, “We are hopeful that by opting for our employees to voluntarily sign up for buyouts we can avoid any type of layoffs going [...]
Owners of The Star-Ledger announced today that they will sell the newspaper if they are unable to win union concessions and buyout full-time workers within the next two months. The deadline for getting 200 of the paper’s 756 non-union full-time employees to take a buyout will be Oct. 1. NJ.com (July 31, 2008)
Cablevision Systems Corp., the new owner of 97 percent of Newsday, will immediately begin its plan to expand the paper’s circulation over its digital cable network while exploiting access to Newsday’s subscribers and portfolio of advertisers. The company plans to expand the ways people get Newsday, including via its forthcoming wireless internet network. Newsday (July [...]
The Audit Bureau of Circulations has announced that it will reduce audit costs by almost half for some U.S. and Canadian newspapers, while freezing the costs of others. This comes as a result of the newspaper industry’s recent struggle to generate revenue. These reductions could be seen as early as November. Folio (July 20, 2008)
Despite internal objections, LA Times prepares to launch LA, the newspaper’s monthly magazine. LA Times editor Russ Stanton said that the magazine “has lost money for years and is on track to post another significant loss in 2008.” But the Tribune Company, owner of LA Times, apparently backs the project 100%. LA will debut on September [...]