Magazines still in decline and no bailout in sight
Magazine sales have been on a worsening decline from 2008 to 2009 with periods of decline in the double digits. The problems for magazines are not over and the business-model is still being challenged but now the decline in sales is slowing. Newsstand declines had been getting worse — progressing from a 6.3% slide in [...]
Media Week to close after nearly 25 years
In the same week that Mediaweek is to close after 25 years a number of other publications announced significant cuts in headcount: Window Media (Gay and Lesbian pubisher): 411 AP: 90 Time inc including Fortune: 500 AOL: 2.500 (voluntary buyouts first) Businessweek: 100 Lord Heseltine’s Haymarket Publishing is to close Media Week after almost 25 [...]
Google starts to come under attack
In the coming months Google will face a series of challenges as its rivals and critics lobby against its enormous dominance on the net and its ambitions elsewhere. The first test comes next week over Google’s controversial plans to build the world’s biggest online library. via Barack Obama love affair with Google ends – Times [...]
Federal Communications Commission about dramatic Media changes
Steve Waldman has been appointed to oversee the Federal Communications Commissionto in the US oversee the regulatory agency’s “initiative to assess the state of media in these challenging economic times and make recommendations designed to ensure a vibrant media landscape.” In this article he talks about dramatic changes in the Media industry. via FCC taps [...]
More layoffs at magazines
Last week ended with more people being made redundant at leading magazines. After reporting earlier layoffs now another 100 people will be laid off at Forbes which is 20% of the workforce. In the same week Time inc has announced plans to cut $100 million in cost, which is expected to lead to large numbers of [...]
Newspaper circulation continues to plunge
While newspaper circulation continues to come down Forbes magazine is cutting jobs. This follows a long list of magazines that are actively cutting jobs and departments following reduced circulation and advertising revenue. Forbes to slash 30 jobs New York Post | October 27, 2009 Quote: Forbes Media will cut 30 to 40 people from its [...]
Free paper London Lite to close
2 months after the London Paper closed and barely a month after the Evening standard went to free circulation London Lite is planning to shut down its activities. With a circulation of 600.000 (from 250.000) the Evening Standard is distributed in the same afternoon timeslot. This only leaves the free paper Metro which gets published in the [...]
Newspapers not catching wave of increased spending
The New York times uses the latest media data to show that, while the internet is the only advertising media that is expected to grow this revenue does not end up with newspapers. This is leading to further challenges for Newspapers that are allready struggling. Over all, the Internet is the only advertising medium expected [...]
Newspapers with record online users while lay-offs continue
In a further sign of readers switching from paper to websites to read their daily news the latest ABC report shows that three invividual newspapers attracted over 30 million unique users to their websites. Internet success: ABCe: Guardian.co.uk, Telegraph.co.uk and Mail Online top 30 million users | Media | guardian.co.uk Guardian | October 22, 2009 [...]
Will it Stick? Who will pay or content and how
Here at Fast Media Magazine we are keeping a close eye on the debate about paid content models online. We do this because it affects all content owners, movers and users. With so many possible combinations of models the big question is “will it stick ?” That’s why that will be the header of posts about [...]
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