WSJ.com has enjoyed a 94% increase in online traffic compared to June 2007, according to the company’s internal traffic numbers. The site had 16.2 million unique users this June, with total page views up 45% to 150 million. MediaWeek (June 2, 2008)
Despite not having the best year for ad revenues, Condé Nast Publisher Bill Wackerman remains confident. He recently told the New York Post, “Although we’re losing pages, our market share is up. Market share is the new up.” NY Post (July 2, 2008)
Standard & Poors has removed Penton Media from its CreditWatch program and affirmed the company’s ‘B’ credit rating. This comes only a little more than a month after Penton called for a salary and hiring freeze, as well as launching a company-wide revenue reforecasting. Despite all this, Penton’s first quarter revenue increased 11 percent, presumably [...]
Hearst Magazines announced that it will shutter Quick & Simple magazine effective with the July 29th issue that is currently on newsstands. The company will instead shift its focus to the 300,000-circulation magazine’s “newly enhanced Web site.” A representative for Hearst said that the company was still “committed to introducing and acquiring print titles, investing [...]
Magazine pioneer Clay Felker, the founder of New York Magazine, which begat like-minded titles in cities around the country, has died at 82 years old. The news was first announced on New York Magazine’s website today. (The photograph of Mr. Felker at left is from 1976.) The New York Times New York Magazine (July 1, [...]
White Plains, NY-based yogurt maker Dannon last fall assembled a “shelf-obsession team” to press its case for expanded display space at retail. The special-operations-type unit supports existing sales teams with account-specific market research and merchandising concepts gleaned from Dannon’s global operations. Sure to be among their oft-cited research is that the dairy category comprises 9% of grocery store sales, [...]
R.R. Donnelley has recently settled their dispute with an Illinois-based workers union over charges that the printer was spying on employees and threatened them in retaliation for organizing with teamsters. George Tedeschi, the Teamsters International vice president and GCC president said, “Our victory should give aid and comfort to the thousands of other R.R. Donnelley [...]
American Media Inc., announced its fiscal 2008 revenues were $491 million, up about 4 percent over 2007. The publisher attributes its year-end revenue increase to ad revenue gains at Shape, Star and Men’s Fitness magazines, which all increased from 10-21 percent. Folio (June 30, 2008)
Culture + Travel, having been hit with budget cuts by its parent company Louise Blouin Media, is making changes to the magazine’s publication schedule. Starting in November, the title will move from a bimonthly to a quarterly. C+T, which operates under a controlled circulation model, will also be sending the magazine to 30,000 fewer subscribers [...]
During the first quarter of 2008, the Magazine Publishers of America spent $170,000 to lobby on tobacco advertising rules, global warming legislation, efforts to establish a federal shield law for journalists, laws that would limit state and local authorities from taxing certain employee income, and on proposals to create a new coordinator for intellectual property [...]