Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Business, Financials
October 20, 2012

Newsweek had unique troubles as industry recovers

LOS ANGELES (AP) — Newsweek’s decision to stop publishing a print edition after 80 years and bet its life entirely on a digital future may be more a commentary on its own problems than a definitive statement on the health of the US magazine industry.

Magazine ad revenue is seen rising 2.6 per cent this year to US$18.3 billion, according to research firm eMarketer. That would be the third increase in three years, driven mainly by gains in digital ad sales, though print ads are expected to be flat.

Paid magazine subscriptions were up 1.1 per cent in the first half of the year, according to the Audit Bureau of Circulations. And while single-copy sales at newsstands are down 9.6 per cent, overall circulation — the bulk of which is in print — is steady compared with a year ago.

The water is so warm for the magazine industry that in the first nine months of the year, 181 new magazines were launched while only about a third as many, or 61, closed, according to publication database MediaFinder.com.

By several measures, the magazine business has stabilised, albeit at a lower level, since the Great Recession ended three years ago.

For some, that casts a harsher light on Newsweek’s decision to abandon print – affecting the nearly 1.4 million Newsweek subscribers who get their copy each week in the mail. They say it speaks to the magazine’s trouble connecting with and keeping its readers.

That brings to mind some questionable covers, like the July 2011 what-if image depicting what Princess Diana would have looked like at age 50, or last month’s “Muslim Rage” cover depicting angry protesters, which was roundly mocked on social networks like Twitter.

Newsweek is using a difficult print ad environment as an “excuse” for its decision to end print runs, said Samir Husni, director of the Magazine Innovation Center at the University of Mississippi School of Journalism. He lays the blame at the feet of Tina Brown, the editor who took control of Newsweek when it merged with the news website she ran, The Daily Beast, two years ago.

“Tina Brown took Newsweek in the wrong direction,” Husni said. “Newsweek did not die, Newsweek committed suicide.”

To be sure, the problems were acute by the time Brown took control. Newsweek’s circulation had plummeted from about 3.1 million in 2007 to 1.8 million in 2010, when The Washington Post Company sold the magazine to stereo equipment magnate Sidney Harman for US$1. Harman later placed Newsweek into a joint venture with IAC/InterActiveCorp’s The Daily Beast website in an effort to trim the magazine’s losses and widen its online audience.

This year, total circulation is down to about 1.5 million, less than half of what it was five years earlier, even including about 29,000 digital copies.

Meanwhile, circulation of rival Time magazine is down from about four million in 2006 to 3.3 million this year, a decline of just 19 per cent.

General news format magazines have been challenged with the rise of news reading on the Internet, much of which is free. And Newsweek isn’t the first to drop its print product. US News & World Report dropped its weekly print edition years ago and now focuses on the web and special print editions, such as a guide to the best graduate schools. SmartMoney announced in June that it was going all-digital.

Yet others are succeeding. The Economist has nearly doubled its circulation to 1.6 million from 844,000 a year ago. The Week is up to 541,000 from 525,000.

And unlike the bold move by Newsweek, many publications are taking steps to add digital formats while maintaining the print product, which is still the mainstay of their business.

Paul Canetti, the founder and CEO of MAZ, a company that helps magazines publish digital editions, says he tells prospective clients to “dip their toes” into digital publishing and “wade in as the market demands it”. He notes only about a quarter of Americans own tablet computers, which have become a popular way to read online magazines.

“Maybe what they’re really facing is an audience-connection problem and not really a print-versus-digital problem at all,” he said.

Going all-digital could solve many problems associated with the print magazine business. For instance, magazine publishers charge advertisers according to a so-called “rate card” that is based on a promised number of paying subscribers, called a “rate base”. If subscriptions fall, publishers then must spend a lot of money mailing potential customers and offering heavy discounts just to keep advertising revenue from falling.

In contrast, online advertising usually requires advertisers to pay only for ads that are seen or clicked on by readers, a number that is easily measurable in real time and that doesn’t require the discounting of subscription prices.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

JFB urges care for the elderly after fatal Buff Bay fire
Latest News, News
JFB urges care for the elderly after fatal Buff Bay fire
September 11, 2026
PORTLAND, Jamaica — Jamaicans are being urged to provide constant support to elderly people to help prevent avoidable fire-related accidents. The appe...
{"jamaica-observer":"Jamaica Observer"}
Jamaica grab silver in mixed 4x100m at Ultimate Championships
Latest News, Sports
Jamaica grab silver in mixed 4x100m at Ultimate Championships
September 11, 2026
Jamaica finished second in the mixed 4x100m relay final on Friday’s opening day of the inaugural Ultimate Championships at the National Athletics Cent...
{"jamaica-observer":"Jamaica Observer"}
Why did Dunn’s change its logo after so long?
Advertorial, Business, Latest News
Why did Dunn’s change its logo after so long?
September 11, 2026
For years, Dunn’s was easily recognised by its rhino logo and the tagline, “The Power People,” which accurately reflected its focus as an electrical c...
{"jamaica-observer":"Jamaica Observer"}
Passenger shoots at cabbie in West Kingston gun attack
Latest News, News
Passenger shoots at cabbie in West Kingston gun attack
September 11, 2026
KINGSTON, Jamaica -- A taxi driver narrowly escaped serious injuries and even possible death after he was attacked by a gunman on White Road in West K...
{"jamaica-observer":"Jamaica Observer"}
ARC marks 30 years in manufacturing
Business, Latest News
ARC marks 30 years in manufacturing
September 11, 2026
ARC Manufacturing Limited is celebrating 30 years of business, growth and contribution to Jamaica’s development. The Jamaican-owned company has grown ...
{"jamaica-observer":"Jamaica Observer"}
KFTL denies report of probe at facility, cites routine security operation
Latest News, News
KFTL denies report of probe at facility, cites routine security operation
September 11, 2026
KINGSTON, Jamaica—The Kingston Freeport Terminal Limited (KFTL) is dismissing reports of a probe by local authorities and international partners at it...
{"jamaica-observer":"Jamaica Observer"}
WATCH: Holness defends comments about outdoor lessons
Latest News, News, Videos
WATCH: Holness defends comments about outdoor lessons
September 11, 2026
KINGSTON, Jamaica—Prime Minister Andrew Holness is pushing back at criticisms surrounding his remarks that learning can extend beyond four walls, noti...
{"jamaica-observer":"Jamaica Observer"}
G2K says back-to-school recovery underscores need for NaRRA
Latest News, News
G2K says back-to-school recovery underscores need for NaRRA
September 11, 2026
KINGSTON, Jamaica – Generation 2000 (G2K) says concerns raised about the conditions of schools must be viewed within the wider context of Jamaica’s re...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct