BoSacks: Looking at the Future of New Launches
As you may know, my friend Samir Husni, also known as Mr. Magazine, tracks new magazine launches. He has done so for decades and has amassed a wealth of data. In his latest announcement, the overall numbers for our business are less than stellar. Many possible reasons exist for this decline. Both Husni and I can postulate about its causes, but neither of us actually knows.
According to Husni: “The number of new magazine launches in the first quarter of 2008 (150) increased by five titles compared to Q1 2007. [While it was an increase,] it is still a far cry from the introduction of 192 new magazines in the same time period in 2006. However … only 41 magazines were launched with the intention to be published at least four times a year compared with 50 in 2007, and 72 in 2006.”
Husni goes on to ask:
“So what does this mixed bag of numbers mean? Not much. Since I have started tracking new magazine launches, I have witnessed a two or three years’ decline after a very healthy and busy year.  was a very healthy year—1,013 new magazines were launched. The decline started in 2006. We are in our third year of decline. In 2006, we [saw] 901 new launches. The number dropped to 715 last year, and if the trend of the previous years continues, we will see another drop again this year before the numbers bounce back. Call it market correction if you please, but definitely it is not a sign that print is on its way out.”
Well, on that last point, Mr. Magazine and I agree. Printed magazines are not on their way out. Not by a long shot. I believe that the printed magazine will have a prosperous run until the advent and adaptation of new technologies, which will finally surpass the printed magazine around 2025. So there is some breathing room left. And even in 2025, magazines will not be completely gone, and those publishers established to produce them will do just fine. But I do believe that by 2025, the printed magazine will not be the predominant way that the public will read, but rather only one of the ways. Sort of like it is now, only more so.