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Senior Editor

Pub Talk

By James Sturdivant

About James

 

Publishers' Dojo

Linda Ruth
Classic Print Business Models Influence Convergent Media: CNOW.tv Adopts a Magazine Subscription Model
Apr 18, 2014

Like everyone else in our business, I get drawn in to the ongoing conversation about this dying and that dying....



Publisher's Paradox

Andrew Davis
Publisher's Paradox: Leveraging Email to Inspire Action
Apr 7, 2014

Instead of sending your audience passive content, send your audience something they can take action on. If you read last...



Media Vent

Bob Sacks
It's Not All Good News for Magazine Publishers
Apr 1, 2014

Sometimes I just have to put the tequila aside and deliver a sobering report to the industry to offset some...



Industry Insiders

The Insiders
Publishers: Take a Lesson from the Louvre
Mar 21, 2014

Today, few premium publishers can compete with the rest of the Internet. But being the most trusted source of news and...



B2B Beat

Andy Kowl
What Bloggers Can Teach B2B
Jan 23, 2014

Blogs were pronounced dead in Fast Company in December of 2012 and in New Republic in April of 2013. And just before the New...



The Digital Market

Thea Selby
A Critique Of Yahoo's Digital Magazine Strategy
Jan 14, 2014

Small Business Trends writer Shawn Hessinger and I have a completely different view of the news that Yahoo was starting...



Profit from Publishing!

Thaddeus B. Kubis
Media Conference Exhibitors Should Go Deeper to Engage
Oct 9, 2013

It has been a few weeks since I attended (as the guest of the event organizer) the Publishing Business Conference...



Have We Seen the End of the Big Media Play?

 

Buried in a recent press release from investment bank The Jordan, Edmiston Group, Inc. is a brief overview of mergers and acquisitions activity in the consumer magazine space. Brief, because there's not much to tell—at least from a value standpoint.

"The consumer magazines sector saw a 34% increase in number of deals, but a sharp decline in deal value, as there were no $100+ million transactions in this sector in 2012," the release states. "Throughout the year, acquisitions in this sector were primarily of small publishing companies and individual magazines."

It's hard to imagine this situation changing any time soon. The magazine and newspaper giants are trying to hold their own, with Time-Warner and News Corp. seeing losses in their publication sectors offset by profits elsewhere. News Corp. is, in fact, spinning off its publications division in order to make its TV and other media properties (to be renamed the "Fox Group") more attractive to investors. It does not exactly point to a tasty buyers market for storied brands like Time, The New York Post or Sports Illustrated.

Gone are the days of mass consolidation in newspapers and magazines; the global expansion (the Hearst-Lagardere deal of 2011 is likely the last of its kind); the liquidity enabled by high-profit-margin media enterprises. There were rumors a few weeks back of Bloomberg buying the Financial Times, but it hasn't happened. It probably won't (though the Nieman Lab's Ken Doctor predicts 2013 will be the year of "Trophy Newspapers," by which he means Warren Buffett-style rescues of storied broadsheets at bargain-basement rates).

On the other hand, there is that increasing M&A activity among small, niche publishers. JEGI cites as one example Modern Luxury's acquisition of Aspen Magazine from Ridge Publications. This is where we can expect future growth to occur.

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