Rafat Ali of PaidContent.org reports Wednesday that PC Magazine will stop publishing after its January 2009 issue and focus solely on the Internet.
“I spoke in detail today with Jason Young, the CEO of Ziff Davis, about this move, the online focus, and the status of the company’s more-troubled gaming division. On the online side, he wouldn’t disclose the revenues for the PCMag brand, but said it was in ‘tens and tens of millions’ of dollars. He said the revenues on the online side have grown an average of 42 percent yearly since 2001; digital is about 70 percent of the revenues for the PCMag brand, and overall is profitable.
“He said that despite the economic situation, the PCMag brand revenues grew about 18 percent in Q308, and thinks that it will hold up despite advertising downturn due to the power of the brand. Of course competition is heavy for those shrinking ad dollars, from everyone including other established brands like CNET, to newer ones like Engadget and others.”
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