Hachette Filipacchi Media
Last week, Bop, the teenybopper magazine that's been churning out covers featuring boy band stock photos splashed atop garish fuchsia backdrops since 1983, announced they would cease publication. If you're all, "Bop still existed?" you can't be blamed to assume it had folded years ago. Most teen magazines did.
Of the dozens that have surfaced since the very first teen magazine, Seventeen, was founded in 1944, only four remain: Seventeen, Teen Vogue, J-14, and, assuming some bound pages of prepubescent pin-ups can be classified as a magazine, Tiger Beat.
By the end of the year, the midtown media landscape will have been forever changed, and not just because Time Inc. won't be part of Time Warner: Condé Nast, a midtown fixture since 1927, will have moved downtown to 1 World Trade Center. The storied publisher of Vogue and The New Yorker has been busy transforming itself in other ways, too, under President Bob Sauerberg, who was named the No. 2 executive, after CEO Chuck Townsend, in 2010. Mr. Sauerberg was charged with creating new revenue streams in the face of a tough market for print advertising.
When SmartMoney made its debut in 1992, it was anything but another staid business magazine. A joint venture of Dow Jones and Hearst Magazines, it mixed humor with provocative stories, many of which regularly incensed advertisers. Founding editor Steve Swartz, a former Wall Street Journal Page One editor, embraced it all, taking meetings with angry executives. The magazine quickly asserted itself as a contender among personal finance titles and rocketed Swartz's career when Hearst Corp. CEO Frank Bennack Jr. came calling in 2001, offering him the chance to help run Hearst's newspapers. Swartz jumped at the opportunity.
Only newspapers have been given up for dead more often than magazines. But though their print cousins continue to lose advertising at a brisk clip, some magazine publishers are trumpeting a turnaround few could have foreseen in the dark days of 2008 and 2009, when nearly 1,000 titles shut down.
Both Hearst Magazines and Condé Nast, boosted partly by a revival in fashion and beauty advertising, just marked their best first quarter in five years. Cosmopolitan, which has a new editor, a revamped Harper's Bazaar, and newcomer Food Network Magazine registered solid double-digit gains in advertising pages
Key Time Inc. staffers may receive bonuses if they stick around through the company's planned spinoff from Time Warner. So far Time Inc. has been relying on little more than employees' confidence in the future, and perhaps their existing employment contracts, to keep them in place during an uncertain year. Last month it let Paul Caine, its chief revenue officer and a well-liked company veteran, leave to become CEO at the radio syndicator Dial Global. His exit was a defining moment, employees said, signaling that Time Warner CEO Jeff Bewkes wasn't going to tie the hands of
Maxim magazine is cutting the paid circulation it guarantees advertisers from 2.5 million to 2 million next year, a 20% drop, and reducing its publishing frequency to 10 issues next year from 11 this year. Last year Maxim published 12 issues.
Maxim President Ben Madden said the magazine continues to occupy a solid position among men's monthlies. "We're falling all the way to No. 1," Mr. Madden said. (Or to a tie, at least: ESPN The Magazine also promises advertisers paid circulation of 2 million, Mr. Madden added.)
At the Yale Publishing Course this week, Publishing Executive had the opportunity to speak with a couple of attendees from China: Chris Hu, publisher of Elle Decoration, and Quentin Li, editorial director and associate publisher of Elle Men.
Elle Accessories, devoted to fashion accessories like handbags, jewelry and shoes, was a spinoff of Elle magazine that was introduced by Hachette Filipacchi Media U.S. in 2005 and closed in 2008. (Some overseas editions have continued to publish.) Hearst Magazines, which acquired Hachette Filipacchi Media U.S. last year, has decided to revive the American edition of Elle Accessories with the same frequency as before, twice a year, in spring and fall.
French publisher Lagardere SCA Thursday posted a loss for the full year 2011, hurt mainly by huge impairment losses.
The Paris-based company reported net loss of 707 million euros compared to net income of 163 million euros last year. The loss was mainly due to impairment losses of 895 million euros, of which 550 million euros was from the Lagardere Unlimited [sports] division and 310 million euros arising out of the ownership interest in television channel Canal+ France.
In a big shake-up at Maxim publisher Alpha Media, industry veteran Jack Kliger is coming on board as “executive chairman” and taking over from just-ousted CEO Joseph Mangione.
As the de facto chief executive, Kliger becomes the fifth person to hold the top spot in the past four years since Quadrangle Capital Partners took over what was then a three-magazine company from British publishing maverick Felix Dennis.
In 2009, Quadrangle defaulted on its debt to lenders, including Cerberus Capital Partners, who took over Alpha Media in a debt-for-equity swap. By the time of the takeover, two titles,