Crash of magazine sales speeds up, Time Inc. down 13% in just 3 months

Crash of magazine sales speeds up, Time Inc. down 13% in just 3 months

By PAUL BEDARD • 12/3/15 11:50 AM

A decade-long implosion of magazine sales, led by weekly news mags, appears to be speeding up, with major name brands like Time suffering double-digit declines in just the last three months, according to the group that has charted the death of print.

MagNet Data reports that newsstand and other retail sales fell 10.3 percent in the third quarter of 2015, from 128.8 million to 115.5 million. The cash lost: $69 million, or a one-year drop of nearly 10 percent.

The media blog site MediaPost sized the ongoing trend this way: "The downward trend in newsstand sales is continuing — and may even be gathering speed."

MagNet found that the weekly category, where most news magazines are, was hit the hardest. "Looking at title sales it is still apparent that the weekly category leads the decline factor," said the analysis.

Synchrony Financial, in conjunction with Reuters, polled over 3,000 American consumers to learn more about effective customization and offers.

Some examples of the decline in the third quarter:

• Time Inc. sales down 13.1 percent, revenue off $11.3 percent.

• Hearst sales down 21.9 percent, revenue off 20.3 percent.

• Wenner Media, publisher of Rolling Stone, down 15.9 percent, revenue off 15.1 percent.

• Conde Nast sales down 9.3 percent, revenue off 7.2 percent.

Many print magazines have already failed and been turned into websites. Those that have survived have been in a death spiral of spending and staff cuts. Jann Wenner, for example, slashed his payroll 10 percent, downsizing his firm that includes Rolling Stone, Us Weekly and Men's Journal.


http://www.washingtonexaminer.com/crash-of-magazine-sales-speeds-up-time-inc.-down-13-in-just-3-months/article/2577535

Comments

Post a Comment

Popular posts from this blog

BMW traps alleged thief by remotely locking him in car

BMW traps alleged thief by remotely locking him in car Stealer's Wheel? Seattle police department quotes "Watchmen" movie in a recap of the recent arrest. Tech Culture by Gael Fashingbauer Cooper December 4, 2016 5:00 PM PST It's maybe the most satisfying arrest we can imagine. Seattle police caught an alleged car thief by enlisting the help of car maker BMW to both track and then remotely lock the luckless criminal in the very car he was trying to steal. Jonah Spangenthal-Lee, deputy director of communications for the Seattle Police Department, posted a witty summary of the event on the SPD's blog on Wednesday. Turns out if you're inside a stolen car, it's perhaps not the best time to take a nap. "A car thief awoke from a sound slumber Sunday morning (Nov. 27) to find he had been remotely locked inside a stolen BMW, just as Seattle police officers were bearing down on him," Spangenthal-Lee wrote. The suspect found a ke...
Read more

Report: World’s 1st remote brain surgery via 5G network performed in China

World’s 1st remote brain surgery via 5G network performed in China Published time: 17 Mar, 2019 13:12 ·           A Chinese surgeon has performed the world’s first remote brain surgery using 5G technology, with the patient 3,000km away from the operating doctor. Dr. Ling Zhipei remotely implanted a neurostimulator into his patient’s brain on Saturday, Chinese state-run media  reports . The surgeon manipulated the instruments in the Beijing-based PLAGH hospital from a clinic subsidiary on the southern Hainan island, located 3,000km away. The surgery is said to have lasted three hours and ended successfully. The patient, suffering from Parkinson’s disease, is said to be feeling well after the pioneering operation. The doctor used a computer connected to the next-generation 5G network developed by Chinese tech giant Huawei. The new device enabled a near real-time connection, according to Dr. Ling.  “You barely feel that th...
Read more

New ATM's: withdraw money with veins in your finger

New cash machines: withdraw money with veins in your finger Cash machine technology that reads the pattern of finger veins is already available in Japan and Poland   By Telegraph Reporters 6:59PM BST 15 May 2014 Cash machines could soon be installed with devices that identify customers by reading the veins in their fingers. The technology is already being rolled out in Poland, where 1,730 cash machines will this year be installed with readers, negating the need for a debit card and Pin. Developed by Hitachi, the Japanese electronics firm, the machines read the patterns of the veins just below the surface of the skin on your finger using infra-red sensors. The light is partially absorbed by haemoglobin in the veins to capture a unique finger vein pattern profile, which is matched to a profile. The technology is used by Japanese banks and also in Turkey, offering “groundbreaking levels of accuracy and speed of authentication”, Hitachi said, which in t...
Read more