'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.