Financial crisis may take toll on business news media
Robert MacMillan of Reuters writes that the economic crisis may hurt the business news media in the long run. MacMillan writes, “But a grim advertising outlook, subscribers looking for a myriad ways to save money, and the inevitable prospect that the story will cool make optimism unsustainable. “‘I’m very concerned about the drop in ad […]
Business magazines outperform the industry in third quarter
TALKING BIZ NEWS EXCLUSIVE Business-related titles performed better than the overall magazine industry in the third quarter, according to data released Tuesday by Publishers Information Bureau. The magazine industry saw a decline of 8.8 percent in advertising revenue and a 12.9 percent decline in ad pages for the quarter. However, a majority — nine — of […]
The Economist in a time of economic crisis
Marketwatch media columnist Jon Friedman writes Monday about how The Economist is faring during the current economic meltdown. Friedman writes, “The Economist has been aggressively trying out new ideas. Rossi said the innovation of offering subscribers three-year subscriptions (as opposed to the much smaller time frames generally employed in magazine publishing) has worked ‘fantastically well. […]
Deane, backbone of Economist's economics coverage for four decades
The Economist eulogizes Marjorie Deane, who was the backbone of the magazine’s economics coverage from 1947 to 1989. She died last week at the age of 94. The Economist writes, “In the course of her long career she made two fundamental contributions to the paper. The first was to restore an emphasis on accuracy that […]
Economist named magazine of the year
Nat Ives of Advertising Age writes Monday that The Economist has been named the publication’s magazine of the year. Ives writes, “The sales of ad pages have mirrored those trends, according to Media Industry Newsletter. Time’s ad pages from January through August plummeted to 954, down 25.2% from the equivalent period last year. Newsweek’s ad […]
Economist buys Congressional data company
The Economist, which already owns Roll Call, has acquired Capitol Advantage for $43 million, according to a story in the Washington Business Journal. Tierney Plumb writes, “Capitol Advantage, a 22-year-old company that provides grassroots and advocacy tools such as information on members of Congress and their staffs and legislative data, also powers Congress.org, which identifies […]
Biz magazines post bad second quarter in advertising
Many business magazines posted a decline in ad revenue and ad pages during the second quarter, according to data from the Publishers Information Bureau. Some publications bucked the trend. The Economist reported a 21 percent gain in ad revenue to $34.4 million and a 2.2 percent increase in ad pages to 648.5 for the quarter. […]
The Economist saw profits rise 23 percent in 2007
Dan Sabbagh of The Times of London reports that The Economist reported a 23 percent increase in profits in 2007 on higher advertising numbers. Sabbagh writes, “Revenues at the Economist Group, which produces the upmarket weekly magazine, rose 8 per cent to £266.4 million as the flagship title showed no signs of falling victim to […]
WSJ's Ip leaving to join The Economist
Greg Ip, who has covered the Federal Reserve and the economy for The Wall Street Journal for the past seven years, is leaving the paper to become the U.S. economics editor for The Economist, reports Robert MacMillan of Reuters. MacMillan writes, “Greg Ip will join The Economist magazine as U.S. economics editor, he told Reuters […]
Economist shows strong ad sales in first quarter
Diego Vasquez of Media Life Magazine writes about magazines that have bucked the downward cycle in ad sales in the first three months of 2008 and focuses on The Economist. Vasquez writes, “They’re heeding an age-old maxim of magazine publishing: Invest during downturns, as others cut back, and you’ll win market share. “In some ways, […]
