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dogs of war

BoSacks Speaks Out: The Dogs of War in the Single Copy Business. 

 

 

I have a magazine tale to tell. It started with a re-rant from a longtime reader of this newsletter. A re-ranter is, of course, someone who rants in response to one of my rants.

 

He brought up one of his favorite topics about our poor and apparently unwashed, non-audited titles that by any account are at least half of the printed magazine industry and could be upwards to 65% of our business based on the number of titles printed each year. I believe that Professor Samir Husni puts the number of printed magazines somewhere near 10,000. Other organizations and media trackers put the number considerably lower.  But whomever you seek for a meaningful number, the total number of printed magazines is astonishingly and, dare I say, still wonderfully high.

 

My re-ranter wonders how is it possible that an inclusive and noble industry like ours never talks about the unaudited among us? 

 

Only a few public discussions or organizations reference unaudited titles. As a former publisher of several unaudited titles and an industry insider who knows hundreds of the unwashed and unaudited, I know they are, for the most part, honest hard working information distributors who basically can't afford the audits or feel that for their business models or sectors, they just don't need or want them.

 

Now I have no problem at all with auditing. It serves an honest function for those titles that require it. But my observation is that most of the print industry isn't audited and that they deserve that same respect and coverage that their audited fraternity brothers and sisters get.

 

All printers gladly print copies of the unaudited. These copies are, in fact, the backbone of many a publication printing plant. Which makes sense since the majority of titles on the newsstand are, in fact, totally unaudited.

 

And all of that brings me to the soon-to-implode newsstand industry. Here is my concern when it comes to unaudited titles:

 

Gil Brechtel of MagNet recently reported that "final 2013 newsstand magazine sales were $3.119 billion, and that for the sixth year in a row, sales had declined. Contrast that with 2007, when newsstand magazine sales in the U.S. and Canada were nearly $5 billion dollars, having actually increased in both unit and dollar sales over the previous five-year period. Unfortunately, when the economy, home prices, and the stock market plummeted in 2008, the newsstand business went with it, and hasn't recovered since..."

 

Gil went on to say that "The newsstand business is very fragile. I believe that a continuation of this (newsstand) dysfunction will, in the near future, limit the ability for publishers of small niche products to get their titles into the traditional magazine retailer accounts, and will also cause some retailers to give up on the category."

 

Let's face facts, the big guys - you know who I mean, Conde` Nast, Hearst, Time Inc, Meredith - have nothing to worry about for the foreseeable future. They are a huge enterprise that can weather many a disrupting storm. The smaller, unaudited titles are fragile and at the mercy (and they shouldn't expect any) of the winds of a changing unforgiving environment.

 

Am I off base here? I don't think so. Why do you think we as an industry have this bias against the majority of our brother publishers? They are indeed the ones under the greatest threat, and their loss impacts distributors, wholesalers and printers alike.  I do solicit your opinion.  

  

If you prick us do we not bleed? If you tickle us do we not laugh? If you poison us do we not die? And if you wrong us shall we not revenge?

William Shakespeare

 

------

 

On another topic, I am very sad to report that I can't make the IMAG-MPA event this week in Washington DC. To be truthful I was scheduled to speak and designed an entirely new talk for a room full of my publishing friends.  It was a month ago when I realized that I had a scheduling malfunction and was committed to be elsewhere on the same day. 

 

IMAG-MPA is one of the highlights of my year and I will dearly miss seeing old friends and catching up on the real nitty-gritty of the magazine business. I will also miss reporting on the event and sharing with my readers a snapshot of what occurred. 

 

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PHOTO OF THE DAY

 

'When the Shift Hits'

by NOELLE SKODZINSKI 

http://www.mediashepherd.com/2014/05/when-the-shift-hits/

 

 

An insider's view of MPA-IMAG and issues facing indie publishers ... from August Home President Don Peschke.

Today marks the start of the MPA-IMAG Independent Magazine Conference, which runs through May 21 and is held at The Mandarin Oriental, Washington, D.C. This year's theme (which I admit I get a kick out of): "When the Shift Hits." Featured speakers include:


* Don Peschke, President and Founder, August Home Publishing
* Lisa Lytton, Director of Digital Storytelling, National Geographic
* Scott Schulman, President, Rodale
* Laura Simkins, COO, AFAR
... among others.

 

August Home's Peschke, who will lead a Tuesday session called "DIY With Don-How to Build Content Across a Variety of Media Platforms," is wrapping up a year as IMAG chair. He took time out in advance of this week's event to talk with mediaShepherd about the conference, issues and opportunities facing indie publishers, his efforts to "destroy the company" (code words he and his team use) and more.

 

mediaShepherd: You've been chair of IMAG for a year, so you obviously have a good view of this market. What would you say has been the biggest issues facing indie magazines this past year?

 

Don Peschke: There are two challenges. First, about two-thirds of the revenue for most of the independent magazine publishers comes from circulation (not advertising like the big publishers). So the challenge is maintaining circ revenue (subscription pricing and newsstand sell-thru) in a era of $5 subscription pricing and a crumbling newsstand industry.

The second challenge is the shift to digital revenue. This is both an editorial production challenge (digital replicas vs. full-fledged, multimedia digital editions), and a circ challenge (how to get circulation in a crowded field on iNewsstand).

 

mS: Can you offer any advice to indie magazines facing these issues?

 

Peschke: Yes, become a member of the IMAG group (a subset of the MPA). We are just about to hold our annual IMAG Conference, and that's where this incredible group of talented (and scrappy) publishers shares ideas and solutions for all the problems we face as an industry.

 

mS: What do you see as the biggest opportunity for indie magazines today?

 

Peschke: Quite a few indie publishers are shifting to video and TV program production. Since many of these publishers produce magazines with how-to content, it's perfect for video and TV. Also it ports over well to the digital side, for both apps and websites. And they are figuring out how to make this paid content.

 

mS: What is the biggest objective for this year's IMAG Conference? What are you hoping attendees will get out of it?

 

Peschke: Our theme is SHiFT. Many of the old financial models are under serious strain (direct mail, single copy). We all want to come away with ideas to grow our businesses, particularly in the digital world.

 

mS: Is there anything new you're introducing at this year's event?

 

Peschke: We'll see many innovative ideas from the indie publishers on the panels this year. I'm going to share our (August Home Publishing) experiences with shifting from subscriptions to memberships.

 

I'm also updating our members on our efforts to Destroy the Company (our code words for moving from print to digital). We've developed our own software to publish digital editions, along with a new publishing model we call DemiZine�. This is publishing small digital editions, on a more frequent basis (weekly rather than monthly or bimonthly print editions) and the software that allows us produce once, publish everywhere-including multimedia and interactive digital editions on both apps and websites. We're pretty excited about this as a digital publishing solution.

 

mS: What are you most looking forward to at the conference? 

Peschke: The chicken dinner. Okay, really, this is 48 hours of non-stop exhilaration about publishing because you're surrounded by some of the most talented people in the industry, all of whom are willing to share their ideas and experiences.

PHOTO OF THE DAY

bo"The Industry that Vents Together Stays Together"  
Responses to all Articles and Bo-Rants are greatly encouraged and may be included in " BoSacks Readers Speak Out"  =======================================
All news items and the various opinions expressed in this newsletter are not necessarily the opinion of, nor in agreement with the opinions of BoSacks. They are just interesting thoughts and other opinions that BoSacks thinks you should know about.  
After all, as the Japanese proverb goes: 
"If you believe everything you read, perhaps you better not read." 

"Heard on the Web" Media Intelligence:  
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Contact - Robert M. Sacks  917-566-7437
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