Tag Archives: Magazine industry

Inc.

Biz magazines underperform industry in first quarter

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The 14 business magazines underperformed the rest of the magazine industry in the first quarter, according to data from Publishers Information Bureau.

Combined, the business titles reported a 2.95 decrease in advertising revenue to $245.4 million and a 5.9 percent drop in advertising pages to 2,289.43. That compares to a 1.6 percent decrease in ad revenue and a 4 percent decrease in ad pages for the overall industry.

The performance continues a trend of the business titles underperforming the industry. The 14 business magazines reported ad revenue of $1.33 billion in 2013, down 4.8 percent from 2012, according to data from the Publishers Information Bureau. In comparison, the consumer magazine industry reported a 1.1 percent increase in 2013.

The best performing business magazine for the first three months of 2014 was Inc., which reported a 25.9 percent increase in advertising revenue to $8.7 million and a 24.1 percent increase in ad pages to 101.32.

Behind it was Entrepreneur, which reported a 14.3 percent rise in advertising revenue to $23.2 million and a 14.9 percent increase in ad pages to 267.39.

Barron’s also reported a strong quarter, with advertising revenue rising 6.7 percent to $16.8 million and ad pages rising 3.1 percent rising to 305.87.

Among the big three business magazines, Forbes posted the best results, but all saw a decline in advertising revenue and advertising pages.

Forbes posted a 4.1 percent drop in ad revenue to $40.4 million and an 8.7 percent decline in ad pages to 242.98 for the quarter. Bloomberg Businessweek had a 6.6 decline in ad revenue to $33 million and a 10.6 percent drop in ad pages to 204.41, while Fortune had a 7.4 percent decline in ad pages to $38.5 million and a 10.8 percent decline in ad pages to 243.47.

The worst-performing business magazine was Black Enterprise, which had a 44.9 percent drop in ad revenue to $2.1 million and a 46 percent decline in ad pages to 44.61 in the quarter.

To review all of the data, go here.

cleveland-inside-business-magazine

Inside Business seeks managing editor

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Inside Business, a business magazine for Northeast Ohio, seeks a Managing Editor.

We’re looking for a versatile editor with experience in reporting, writing and editing magazine-style features. The ideal candidate will possess well-honed editing and rewriting skills, have a knack for telling engaging business stories, be detail-oriented with an affection for AP style and superior copyediting skills. This utility player will also manage custom publishing projects.

RESPONSIBILITIES:

  • Assign and edit stories, manage freelancers and develop content ideas.
  • Write stories for Inside Business and custom projects
  • Prioritize multiple assignments in a fast-paced, deadline-driven environment.
  • Work with clients to produce high-quality custom projects.
  • Copyedit all editorial pages.
  • Rewrite copy and check facts as needed.
  • Meet all editorial and production deadlines.
  • Attend occasional evening business networking events.

REQUIREMENTS:

  • A degree in communications, journalism or a related field
  • 3 or more years experience in newspaper, magazine or trade journalism
  • Excellent writing, editing and proofreading skills
  • 4-6 clips that show skill at vivid magazine writing
  • Solid grounding in journalism ethics and values
  • Must take direction and assert ideas quickly
  • Must have strong organizational skills, attention to detail, ability to handle a number of projects simultaneously
  • Professional experience as a copy or desk-level editorextremely helpful
  • Familiarity with business writing and editing
  • Social media experience a plus

Send cover letter containing salary requirements along with resume and work samples to: Editorial Department, Great Lakes Publishing, 1422 Euclid Ave. Suite 730, Cleveland, OH 44115; or email hrresumes@glpublishing.com [SUBJECT LINE: Managing Editor, Inside Business]. No phone calls, please. Qualified candidates will be contacted.

 

Inside Business, a business magazine for Northeast Ohio, seeks a Managing Editor. We’re looking for a versatile editor with experience in reporting, writing and editing magazine-style features. The ideal candidate will possess well-honed editing and rewriting skills, have a knack for telling engaging business stories, be detail-oriented with an affection for AP style and superior copyediting skills. This utility player will also manage custom publishing projects.

 

RESPONSIBILITIES:

 

  • Assign and edit stories, manage freelancers and develop content ideas.
  • Write stories for Inside Business and custom projects
  • Prioritize multiple assignments in a fast-paced, deadline-driven environment.
  • Work with clients to produce high-quality custom projects.
  • Copyedit all editorial pages.
  • Rewrite copy and check facts as needed.
  • Meet all editorial and production deadlines.
  • Attend occasional evening business networking events.

 

 

REQUIREMENTS:

 

  • A degree in communications, journalism or a related field
  • 3 or more years experience in newspaper, magazine or trade journalism
  • Excellent writing, editing and proofreading skills
  • 4-6 clips that show skill at vivid magazine writing
  • Solid grounding in journalism ethics and values
  • Must take direction and assert ideas quickly
  • Must have strong organizational skills, attention to detail, ability to handle a number of projects simultaneously
  • Professional experience as a copy or desk-level editorextremely helpful
  • Familiarity with business writing and editing
  • Social media experience a plus

 

Send cover letter containing salary requirements along with resume and work samples to: Editorial Department, Great Lakes Publishing, 1422 Euclid Ave. Suite 730, Cleveland, OH 44115; or email hrresumes@glpublishing.com [SUBJECT LINE: Managing Editor, Inside Business]. No phone calls, please. Qualified candidates will be contacted.

American Lawyer

American Lawyer parent is on the market

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American Lawyer publisher ALM Media, which was once controlled by Wall Street dealmaker Bruce Wasserstein, is exploring a sale that could fetch more than $500 million, reports Olivia Oran and Greg Roumeliotis of Reuters.

Oran and Roumeliotis write, “ALM Media, backed by private equity firm Apax Partners, has hired investment bank Jefferies to assist with efforts to sell the company, whose magazines are popular among U.S. lawyers and legal professionals, the sources said.

“The first round of interest from potential bidders starts this week, another person familiar with the process said who added the buyer likely would be another private equity firm.

“ALM, which sponsors conferences and owns legal and real estate publications and sites including the American Lawyer, Corporate Counsel, New York Law Journal and Law.com, was sold to Apax in 2007 for $630 million through the private equity firm’s portfolio company, UK-based Incisive Media Ltd.”

Read more here.

North of Boston Business magazine

North of Boston Business magazine launches

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The parent company of the Eagle-Tribune in North Andover, Mass., has launched a quarterly business magazine called North of Boston Business.

Kelly Burch of the Eagle-Tribune writes, “North of Boston Business magazine, which debuted this month, features business profiles, advice columns, trend and technology stories, and an array of useful information for people who do business in the North of Boston area.

“‘The feedback has been tremendous,’ said Publisher Karen Andreas. ‘Our business community deserves a publication like this, one that highlights achievements, innovation, problem solving, leadership. I have already heard from several CEOs who have agreed to contribute columns, and the feature story ideas are endless.’

“In the first issue of the magazine, the publication profiled 10 businesses to watch during 2014. These ranged from Abiomed, a cardiac implant manufacturer based in Danvers that has over 400 employees globally, to M.K. Benatti, a family-owned jeweler in Newburyport.”

Read more here.

MIt Tech Review

MIT Tech Review seeks special projects editor

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The special projects editor develops some of the most important editorial products at MIT Technology Review.

In particular, these are the Innovators Under 35 list; the 50 Smartest Companies list; and stories and data for our growing membership service, Insider. In consultation with the other editors, the special projects editor compiles the companies and innovators lists and helps commission stories for those two annual packages. (This accounts for 25 percent of the position’s time.)

The special projects editor also works with the Business Reports editor to put together compelling data packages for the reports she produces (25 percent of the position’s time). The other half of the position’s time is devoted to finding, curating, and helping to produce stories for Insiders only.

This includes but is not limited to From the Labs, a collection of important research breakthroughs happening around the world.

To apply, go here and enter job #10876

forbes-billionaires

Fosun closes in on Forbes deal for less than $250 million

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When business magazine and website Forbes Media LLC is sold, likely to Fosun International Ltd., the Chinese conglomerate with the front-runner position in the company’s auction, sources said, it will be for a much lower price than private equity minority stakeholder Elevation Partners LP was hoping to receive, reports Jonathan Marino of The Deal.

Marino wrties, “Two sources said it is likely Fosun will acquire Forbes, and that it will pay less than $250 million for the magazine. The founding Forbes family is also expected to retain a stake in the business, a source familiar with the situation said. The deal has not been fully hashed out yet, but sources said an agreement should be reached shortly.

“Estimates for the company’s auction — which Deutsche Bank AG was hired last fall to run — have differed wildly at times. A Wall Street Journal report earlier this year noted hopeful sell-side expectations of a sale in the $400 million to $500 million range.

“Though Elevation has already written down the $264 million it invested in 2006  to $120 million, according to a Fortune report, its possible that the private equity firm  could still secure a slight internal rate of return bump, and not a loss. Elevation has preferred stock, meaning it will receive virtually all of the sale proceeds, provided it is at or less than $250 million.

“‘Given the financial performance, I’m not surprised the bids came in below expectations,’ said one private equity source, which declined to be identified.”

Read more here.
Bloomberg Pursuits 2

Bloomberg Pursuits makes bigger push

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Bloomberg Pursuits magazine is trying to make a push for a broader audience, writes Alexandra Steigrad of Women’s Wear Daily.

Steigrad writes, “According to Pursuits editor Ted Moncreiff, the title is trying to extend its reach into the women’s fashion market, despite the fact that 60 percent of the magazine’s readers are men. ‘There’s a lot in here for both sexes,’ Moncreiff said of the spring issue, pointing to the fashion spread shot in the United Nations, following the final stages of the building’s $2.1 billion renovation.

“The issue, which will be released by March 15, features a stronger fashion angle, albeit a ‘Bloomberg-ized’ one that centers on workwear.

“Although it isn’t the first recent fashion shoot at the UN — Vogue shot National Security Advisor Susan Rice in its September issue — Moncreiff noted that what’s interesting is that Pursuits was able to gain access to key locations, such as the Security Council Chamber, post-facelift. ‘Nothing was off-limits,’ said the editor, who admitted that convincing the UN to allow Pursuits in to shoot took four ‘long’ months of negotiation.

“Shot by Ralph Mecke on Jan. 9 and 10, the spread depicts scenes from inside the halls of the UN, as well as in front of UN Plaza, and it accompanies a feature on the renovation penned by Justin Davidson.”

Read more here.

Business Network magazine

Jewish business magazine is launched

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A business magazine aimed at the Jewish community has launched.

The magazine, called Business Network, is already in stores and newsstands in Brooklyn and will be sold in approximately 250 locations around the country such as Baltimore, Cleveland, Chicago, Miami and Los Angeles, and in London, Toronto and Montreal.

The inaugural issue’s cover story features an interview with real estate mogul David Lichtenstein of The Lightstone Group, who discusses his journey from kollel to his current prominence in the business world and shares advice.

“Connecting members of the globe’s Jewish communities with useful parnassah resources – and each other – has been the primary goal of the Parnassah Network organization from Day One, and this is yet another successful step in this mission,” says the organization’s founder Duvy Honig in a statement. “Parnassah Network has, baruch Hashem, created various vehicles to help people fulfill their parnassah dreams, and it’s great to now get to remain in touch with everyone throughout the year.”

In an email, Honig said he hoped to make the publication a monthly within the next 12 months. However, it is not accepting subscriptions right now.

Read more here.

THE DISPATCH PRINTING COMPANY MARY YOST

Ohio biz magazine names new editor

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Columbus CEO announces the appointment of Mary Yost as editor, effective immediately, to lead the monthly business magazine and daily website.

Yost’s career spans several decades of executive leadership, both locally and statewide. Most recently, Mary served in a volunteer capacity as public affairs director, Ohio, for Employer Support of the Guard and Reserve.

For over twenty years, she directed communications, media and public relations as vice president, public affairs for The Ohio Hospital Association, statewide, as well as overseeing operations of the Foundation for Healthy Communities. She returns to the Dispatch Printing Co. where she started her career as a reporter in 1973.

“Columbus CEO is so fortunate to have Mary bring her many talents back to the Dispatch Printing Company,” said Katie Wolfe Lloyd, vice-president and Publisher of Dispatch Magazines, in a statement. “She has been a leader not only in our community but across the state of Ohio. We look forward to her engagement and direction for the magazine’s continued growth of in-depth business reporting in the market.”

“Having the opportunity to return to journalism and the Dispatch family is a wonderful homecoming for me,” said Yost in a statement. “My goal is to take Columbus CEO to a new level as a must-read publication for area business and community leaders.”

Read more here.

 

bloomberg markets magazine - february 2014 cover hedge fund rankings

Biz magazines underperformed industry in 2013

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Business magazines brought in fewer ad dollars in 2013 compared to the previous year, underperforming in an industry saw a slight increase in advertising revenue.

The 14 business magazines reported ad revenue of $1.33 billion in 2013, down 4.8 percent from 2012, according to data from the Publishers Information Bureau analyzed by Talking Biz news. In comparison, the consumer magazine industry reported a 1.1 percent increase in 2013.

In terms of ad pages, the business magazines reported  a 9.0 percent decline to 13288.80 pages in 2013, while the overall magazine industry reported a 9.0 percent decline.

The business magazine comparison includes the 2012 data from Smart Money, a Dow Jones & Co. personal finance magazine that stopped print publication that year. Excluding the Smart Money numbers in the comparison, business magazines still underperformed the industry, with a 3.1 percent drop in ad revenue and a 5.8 percent drop in ad pages in 2013.

The best-performing title among the business magazines was Bloomberg Markets, which reported a 14.7 percent increase in ad revenue to $38.3 million, and an 11.1 percent increase in ad pages to 774.26

Another strong performer was Barron’s, which reported a 9.9 percent increase in ad revenue to $67.4 million and a 6.4 percent increase in ad pages to 1,269.4.

The worst-performing was Black Enterprise, which reported a 38.6 percent decline in ad revenue to $15.8 million in 2013 and a 38.2 percent drop in ad pages to 338.38.

Among the big three business magazines, Fortune performed the best. It posted a 2.4 percent rise in ad revenue to $213.5 million and a 3.8 percent decline in ad pages to 1,408.77.

Forbes remained the top business magazine in terms of ad revenue and ad pages, but it saw declines in both. Its print ad revenue fell 5.3 percent to $260.4 million, while its print ad pages fell 10.4 percent to 1,644.24.

Bloomberg Businessweek reported a 9.5 percent drop in print ad revenue to $200.7 million and a 12.4 percent decline in ad pages to 1,306.26.

See all of the data here.