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Future’s chief executive Stevie Spring claims that magazine publishers are “burning cash” online, although she admits that the “proportionality of reach online is massive compared to print”.Speaking at MediaTel Group’s ‘Future of Consumer Magazines’ seminar yesterday, Spring said publishers have a “different relationship” with online consumers as they use magazine sites to carry out “specific… Continue reading Future’s chief exec: “Shedloads of companies are losing shedloads of money” online

Media journalist Ray Snoddy believes that the magazine industry now has the freedom to plan and invest in launches, in preparation for when the recession ends.Speaking at MediaTel Group’s ‘Future of Consumer Magazines’ seminar yesterday, Snoddy said the magazine industry is in a good position because “the entire sector is in private hands, which is… Continue reading Snoddy: “Publishers should be planning launches”

ShortList‘s chief executive Mike Soutar rebuffs claims that the publisher is set to launch a new women’s weekly title to rival the likes of Grazia magazine.Speaking about the reports, which are thought to have surfaced a “few weeks ago” and suggested that ShortList Media planned to launch a free celebrity and fashion title aimed at… Continue reading ShortList’s chief exec denies rumours of new mag

ShortList Media is set to launch a free weekly women’s title to rival glossy magazines like Grazia, following the success of its free weekly men’s magazine ShortList.The publisher’s new title, which will be aimed at affluent ABC1 women in the 25 to 40-yeear-old age bracket, will focus on celebrity and fashion, according to reports.However, ShortList… Continue reading ShortList to launch new women’s mag

Magazines can’t compromise their editorial integrity, despite needing to generate more advertising revenue in the recession, according to the panellist at MediaTel Group’s ‘Future of Consumer Magazine’ seminar yesterday.The panellist all agreed that delivering a quality product and maintaining consumer loyalty and trust is the most important thing in the magazine market, regardless of the… Continue reading Evelyn Webster: “Magazines can’t compromise their editorial integrity”

For the first time, the Audit Bureau of Circulations has released a monthly breakdown of consumer magazine circulations.Covering the July to December period, the ABC figures include more than 200 titles from 33 publishers including IPC Media, Bauer Media, Condé Nast and The National Magazine Company.The new report, which runs in tandem with the six-monthly… Continue reading ABC releases consumer magazine monthly circulation figures

Independent News & Media is to make about 20 compulsory redundancies, according to a report.The Independent plans to make 60 journalists redundant out of a total of 90 job losses, and will impose compulsory redundancies if not enough volunteers come forward, said MediaGuardian.co.uk.Just last week, the National Union of Journalists suspended industrial action at the… Continue reading Independent to make compulsory redundancies

One of the key areas of debate at MediaTel Group’s ‘Future of Consumer Magazines’ seminar this morning was the relative value of a subscriber v a newsstand reader and also how a free magazine reader fits into the overall mix.Dominic Williams, press director at Carat, felt that a subscriber should be regarded with more value… Continue reading Magazine Panel: “The hierarchy of a reader”

Carat’s press director Dominic Williams predicts an ad revenue decline of as much as 15%, saying that the industry needs to work harder to maintain revenue.Speaking on the panel at MediaTel Group’s ‘Future of Consumer Magazines’ seminar this morning, Williams said he expects the market to fall lower than previously forecast – Group M predicted… Continue reading Magazine Seminar Keynote: Press director predicts 15% ad decline this year

Regional newspaper publisher Johnston Press suffered a 28% drop in adjusted pre-tax profits last year, with ad revenue down 36% at the start of 2009.Adjusted pre-tax profits fell from £137.4 million in 2007 to £98.8 million in 2008.The group’s adjusted pre-tax profits do not include non-recurring items such as a non-cash impairment charge of £417.5… Continue reading Johnston Press suffers 28% fall in pre-tax profits