New York magazine has achieved a 3.4% increase in single copy (newsstand) sales for the first half of 2008, even after raising its cover price by 20%. Lindsay Lohan, Hilary Clinton, and Eliot Spitzer were among some of the subjects used as featured stories that led to the strongest selling issues. Also, the number of [...]
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 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)
Adventure Journey is a new travel magazine that is unlike anything anyone has ever seen before. Instead of just attractive pictures and simple descriptions of exotic or foreign locales like most travel magazines, Adventure Journey sends its writers on multiple journeys that readers can follow day-to-day on writers’ blogs. The blogs are complemented by photo [...]
Evan Smith, former editor and executive vice president of Texas Monthly, has been promoted to president, following the retirement of the magazine’s founder and publisher, Michael Levy. During Smith’s tenure as editor, Texas Monthly has been nominated for 14 National Magazine Awards, including winning the Ellie award for general excellence in 2003. Smith expects to [...]
New York Magazine has bought the New York City based online restaurant menu guides site, Menupages. Menupages was founded in 2002 and offers restaurant and take-out menus for eight major U.S. cities. This is the first online buyout for NYM. Paid Content (July 10, 2008)
The Magazine Publishers of America made $16.7 million in revenue in 2006, with CEO Nina Link making $740,713 of it. American Business Media reportedly made $6.0 million that year, with CEO Gordon Hughes receiving $400,511 in total compensation. Folio (July 10, 2008)
ESPN Publishing announced today that it will be launching ESPN The Magazine in Mexico, the company’s second international launch. This Mexican edition of ESPN The Magazine will initially print between 20,000 and 30,000 issues and the majority of its advertising will come from the local Mexican market. Folio (July 9, 2008)
AMI, today, released monthly circulation information for Star, Shape and National Enquirer, down 10 percent, down 8 percent and down 11 percent, respectively. Last week, AMI’s fiscal report showed year-end revenue increases, largely on the ad revenue strength of Shape, Star and Men’s Fitness. Folio (July 8, 2008)
Advertisers in ESPN The Magazine that buy three more pages than a year ago will also receive exposure on the ESPN Network, as part of an opportunity the company is calling “Magavision.” New advertisers that purchase three pages and returning customers that add three pages to their total will qualify for the free on-air sponsorship [...]