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Decline of new magazine launches in 2008

Jennifer — Thu, 18 Dec 2008 14:18:27 +0000

Foliomag.com reports the decline in print magazine launches over the past 2 years. (Dec. 16, 2008)

Great News For New York Magazine

Greg — Fri, 08 Aug 2008 14:06:54 +0000

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 paid subscribers to New York has grown significantly over the past three years, a jump of over 38,000 or 12%. Media Bistro (August 8, 2008)

U.S. Postal Service Will Force Rates Up

Greg — Fri, 08 Aug 2008 13:56:20 +0000

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 or 6 percent for some publications—about double the 2.9 percent increase we saw in May.” Folio (August 7, 2008)

WPC’s First Half Income Down From Last Year

Greg — Tue, 05 Aug 2008 13:24:05 +0000

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)

Cutting Edge Travel Magazine Adventure Journey Launches

Greg — Thu, 17 Jul 2008 15:52:50 +0000

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 galleries, weekly in-the-field podcasts, and regular video posts. PR Web (July 17, 2008)

Smith Named New President of Texas Monthly

Greg — Thu, 17 Jul 2008 13:39:52 +0000

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 take over as president in September.

New York Magazine Buys Menupages

Greg — Fri, 11 Jul 2008 14:20:21 +0000

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)

How Much Do Magazine Associations Make?

Greg — Fri, 11 Jul 2008 13:37:12 +0000

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 Launches In Mexico

Greg — Wed, 09 Jul 2008 13:18:37 +0000

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 Releases Circ Information Showing Declines

Jennifer — Tue, 08 Jul 2008 18:08:13 +0000

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)