Categories: OLD Media Moves

What to do with Fortune and Money

Amy Chozick and Christine Haughney of The New York Times are reporting that Time Inc. and Meredith Publishing cannot decide on what to do with business magazines Fortune and Money as part of their proposed deal to merge magazine operations.

Chozick and Haughney write, “The Time Inc. domestic titles that are at issue in the negotiations have struggled in recent years because of a tough advertising market and declining newsstand sales. Time, Fortune and Sports Illustrated all experienced declines in advertising pages in 2012 compared with 2011, according to the Publishers Information Bureau. Time’s advertising pages declined by 12.2 percent and Sports Illustrated’s by 5.5 percent. Money’s pages dropped by 5 percent and Fortune experienced a 4 percent decline.

“Time and Fortune have experienced overall declines in their circulation in the past five years of about two percent, according to the Alliance for Audited Media. But they have also suffered big declines in newsstand sales. Fortune’s and Time’s newsstand sales fell by 33 percent and 45 percent, respectively, from 2007 to 2012. Sports Illustrated suffered a 46 percent decline in newsstand sales. Money took the biggest hit with an overall circulation decline over the past five years of 7.6 percent and a 50 percent decline in newsstand sales.

“Meanwhile, InStyle, a property that is far more desirable to Meredith, has seen its advertising pages grow by 5.4 percent between 2011 and 2012. Its overall circulation rose over the past five years by 4 percent. Its newsstand sales dropped by 24 percent.”

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.

View Comments

    Recent Posts

    WSJ seeks a logistic bureau chief

    The Wall Street Journal is looking for an editor to lead its coverage of logistics…

    5 hours ago

    WSJ seeks a health care reporter

    The Wall Street Journal seeks an enterprising and ambitious reporter to cover the intersection of…

    5 hours ago

    WSJ seeks a trade reporter in DC

    The Wall Street Journal is seeking a reporter in Washington, DC, to chronicle one of…

    5 hours ago

    Reuters hires WSJ’s Hirtenstein

    Reuters has hired Wall Street Journal reporter Anna Hirtenstein. She will start next month. Hirtenstein has…

    11 hours ago

    Moody joins Bloomberg as Americas news director

    Caroline Gage, head of the Americas for Bloomberg News, sent the following announcement to staff:…

    12 hours ago

    Forbes senior editor Feldman switches to health care

    Forbes senior editor Amy Feldman is now covering health care. She had been covering industrial innovation and…

    12 hours ago