Uplifting Print Magazine News
Posted on Wednesday, December 30, 2020 at 10:27 PM
In the news: We’ve heard a lot of bad news about print this year, but
there have been some breaks in the clouds.
This week, Keith
J. Kelley of the New York Post has some good news in the print
sector. The Covid-19 pandemic has brought with it a lot of bad news for
print publications, including layoffs, reduced print schedules, and
revenue declines. Despite all that, Kelley reports that 60 new print
titles launched this year. It’s a steep drop from the 139 new print
titles that cropped up last year, he acknowledges, “but in a surprise
move, the pace of new launches accelerated in the second half of the
year.”
What’s more, industry-wide print ad revenue woes
didn’t hit new magazines as hard. Kelley says that “while print
advertising dropped by 30 percent in the second quarter as businesses
pulled back from spending, the plunge was not nearly as disruptive for
new magazines, which are relying more on subscription sales than ad
dollars.” Read more here.
Also
Notable
The Disappearing Glossy Masthead
The
masthead has long been a staple part of a glossy magazine issue, but
that may be changing. Kathryn Hopkins of WWD.com examines this shift in
a recent piece. In many cases, the masthead winds up on the cutting room
floor in favor of editorial content or advertiser placements. What’s
more, with many magazines existing on multiple platforms, the masthead
has inflated well beyond the confines of a single page. Some magazines
include their mastheads online, but Hopkins notes that this makes it
difficult to link specific editors and staffers to specific issues. But
Syracuse University media professor Aileen Gallagher tells Hopkins that
the masthead simply may not carry the weight it once did. She says,
“‘The association of the editor with the brand is not as strong. Can
people name a magazine editor now besides Anna Wintour?’” Read more here.
Pivoting
Away from Cookies
Publishers and their advertisers are
weaning off third-party cookies. What other options are out there to
fill the data gap? First-party data is one, says Kayleigh Barber of
Digiday.com. She reports that “[media company] Future PLC has spent the
last nine months building its own proprietary tech stack to collect,
streamline and scale the first-party data that it gets from its more
than 350 million monthly visitors to its portfolio of 130 special
interest sites and enthusiast publications.” Ultimately, Barber says,
the shift away from third-party cookies is opening the door for
publishers to develop key partnerships instead. Read more here.
Publishers
versus Google
Several publishers including Genius Media Group
and The Nation have sued Google for advertising antitrust
practices. Paresh Dave of Reuters reports that, per the lawsuit, “Google
has unlawfully stifled advertising competition, hurting their
businesses.... The plaintiffs ask the court to order Google to divest
its unit that makes the ad-selling software and refrain from competing
in that business. They also seek punitive damages.” The complaint is the
latest in a string of similar lawsuits, including an antitrust suit
filed December 17 by 38 state attorneys general. Read more here
and here.
Publishers
versus Apple
Some major news publishers are flocking to the
Coalition for App Fairness to combat what they call the “Apple tax,”
reports Sarah Perez of TechCrunch.com. The group, operating under the
name Digital Context Next, includes the AP, New York Times, Washington
Post, ESPN and others. According to Perez, “the organization’s
argument is that Apple forces publishers to use in-app payments for
services like subscriptions. As a result, some publishers need to raise
their prices to account for the so-called ‘Apple tax,’ or commission, on
these purchases.” Adding fuel to the fire, congressional hearings this
year revealed that Apple had cut Amazon a special deal, with more
favorable terms than the one publishers are getting with Apple. Read
more here.
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