Categories: OLD Media Moves

Bloomberg to launch luxury magazine

David Lipke of Women’s Wear Daily writes Friday about Bloomberg Pursuits, the new luxury magazine from Bloomberg LP.

Lipke writes, “Bloomberg Pursuits is a spin-off of Bloomberg Markets, the monthly business magazine that also goes to Terminal users. Circulation for each of the two titles is 375,000, with the non-Terminal copies going to subscribers and newsstand buyers.

“‘You can’t get our audience anywhere else,’ said David Bowling, advertising director at Bloomberg Pursuits, noting distribution is highly international, with about 60 percent of the audience outside the U.S., in financial centers such as the U.K., Japan, Hong Kong and Germany. The average household income of Bloomberg Pursuits readers is $452,000, and 90 percent are male.

“The debut issue contains 46 edit pages and 30 ad pages, from brands such as Hermès, Chanel, Zegna, Rolls-Royce and NetJets. A second issue will be published in the fourth quarter, and the title is scheduled to go quarterly in 2013. The title will compete for ad dollars with business-oriented lifestyle titles, including WSJ., Departures, ForbesLife, Robb Report and the Financial Times’ How to Spend It.

“Editorially, Bloomberg Pursuits plans to distinguish itself from the competitive set by often spotlighting its own readership and exploring its passions. Stories in the first issue include profiles of a Bloomberg subscriber who travels to Antarctica on an icebreaker to witness a solar eclipse, another subscriber who builds his own racing yacht and a third who collects Ferraris, only to deconstruct and improve them.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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