Oct 18, 2012
Newsweek, the venerableÂ 79-year-old weekly magazine announced it will discontinue its print edition to become digital-only by the end of the year. The publication has been struggling for years with circulation dropping from over 4 million in 2003 to around 1.5 million in 2012. By my estimate the decision will eliminate approximately 5 billion 8.5×11 equivalent pages from the printing industry and 79 million pieces of mail per year.
Tina Brown, Newsweek’s editor-in-chief, broke the news on The Daily Beast which is also controlled byÂ IAC/InterActiveCorp.Â Ms. Brown, in explaining why the publication is going digital-only stated,Â “This decision is not about the quality of the brand or the journalism–that is as powerful as ever. It is about the challenging economics of print publishing and distribution.”
Ahhh, how quickly people change their views. Less than two years ago when IAC/InterActiveCorp CEO Barry Diller was finalizing negotiations Read more »
Mar 8, 2012
Now that the speculation frenzy has been relieved with Apple’s introduction of the new iPad yesterday, I’ll give my perspective on what it means for the market. The short answer is that if you are a publisher, content producer, advertiser, marketing services provider or Google, it’s all good. If you are a printing company or equipment supplier with no presence in digital media, it’s all bad.
Apr 21, 2011
Last summer I wrote a blog suggesting the publishing industry may soon reach a tipping point – a point at which the industry accelerates towards a digital business model and away from a print-based model. Recent financial results from Amazon.com, Gannett, The New York Times, and Apple provide further evidence that the industry is closer to that point.
You probably recall last summerÂ Amazon.com announced for the first time it was sellingÂ more Kindle and e-books than hardcover books. In its full year 2010 financial results Amazon.com disclosed some other amazing statistics: Read more »
Jul 20, 2010
There were several interesting announcements in the publishing industry yesterday that have me thinking deeply about the future of print and digital content.
In the book industry, Amazon.com announced some startling figures related to its Kindle and e-book sales.
- Amazon.com is now selling more e-books than hardcover books. Over the past three months, for every 100 hardcover books Amazon.com has sold, it has sold 143 Kindle books. (The ratio is 100 to 180 over the last month!) These figures are across Amazon.com’s entire U.S. book business and include sales of hardcover books where there is no Kindle edition. Free Kindle books are excluded and if included would make the number even higher.
- Amazon sold more than 3x as many Kindle books in the first half of 2010 as in the first half of 2009. During this period Amazon lowered the price of the Kindle to $189 from $259 (27% reduction).
- The Association of American Publishers’ latest data reports that e-book sales grew 207% year-to-date through May. Kindle book sales through May exceeded that growth rate.
Read more »
Jan 6, 2009
Yesterday I posed this question: “If JPG Magazine‘s attempt at this new [community-based Web and print publishing] model failed, what hope does that give to other publishers to adopt this model or other new models to keep publishing energized?” After all, 8020 Media, JPG‘s parent company, was shopped around to larger publishers/media companies like Conde Nast to no avail before having to fold. Obviously, lack of interest in acquiring the group is largely due to the current economic climate. Though, if JPG was a truly viable platform, wouldn’t there be some interest to pick it up and keep it going? Well, the power of the community built around JPG has rallied together and 8020 CEO Mitchell Fox has gotten over 20 fresh offers to buy 8020/JPG. Read more »
Jan 5, 2009
While on vacation over the holidays, I visited the Barnes & Noble store in downtown Boston at Kenmore Square (you know, where the Citgo sign is). The first thing I usually do when I visit a massive bookstore chain is to check out the magazine racks, which are still piled high with many interesting titles. Even though stores like Barnes & Noble and Borders are large entities, they still manage to cater to many different special interests and topics, which is often best displayed in the magazine racks at these stores. Smaller, boutique magazine publications sometimes end up being sold at these stores, especially when a store is in close proximity to a college (or in this case, many colleges). While there are many general colleges in the Boston area, there is also the New England School of Photography (a.k.a. NESOP, also in Kenmore Square) and the Massachusetts College of Art and Design (a.k.a. MassArt).
With all that in mind, I shouldn’t have been surprised to find a copy of JPG Magazine amongst some of the other art magazines even though I was. I had heard about JPG about a year ago. In case you’re not familiar with the magazine, it’s fueled by user-generated content and collaboration. Photographers submit their photos on the magazine’s website, the website’s community votes on the best ones, and those top-rated photos get published in the next issue of the magazine. It’s a great platform for bringing the Web and print together. Read more »