Rate Bases Jump Again for Food Network & HGTV Magazines
The 11th consecutive increase for Food Network; 3rd for HGTV since 2012 launch.
Hearst's TV-tied brands are seeing their rate bases jump again.The company announced Tuesday that Food Network Magazine will see its 11th consecutive rate base increase since officially launching in 2009, with sister title HGTV Magazine increasing its rate base for the third time since launching its first official issue in June 2012.
With the July/August 2013 issue, HGTV will raise its rate base to 800,000, and the title will increase again to 1 million with the January/February 2014 issue. Big sister Food Network Magazine will increase to 1.55 million with its July/August 2013 issue and will raise its rate base twice in 2014‚ÄĒto 1.6 million with the January/February issue, and another bump to 1.65 million with the July/August edition.
Hearst publishes these titles in a partnership with Scripps Interactive Networks‚ÄĒthe HGTV and Food Network channels are distributed by Scripps to almost 100 million households.
‚ÄúVery rarely do we explicitly copy or interpret a show onto the pages of the magazine,‚ÄĚ John Loughlin, EVP and general manager of Hearst Magazines, told FOLIO:‚Äôs supplement Audience Development (AD) in February 2012. ‚ÄúThe magazines that we create in partnership out of television activity have the look, feel and essence of the television brand but in no way are they imitations of it. They break new ground and broaden the experience for the consumer.‚ÄĚ
HGTV Magazine first went to market with a test issue in October 2011‚ÄĒat the time, the publication had a rate base of just 450,000. Similarly, Food Network Magazine, which launched its first official issue in 2009 and was the first joint venture between Hearst and Scripps, has seen similar success, boasting its seventh rate base bump by the summer of 2012, with its 11th to come in 2014.
‚ÄúIt‚Äôs one thing to tune in once a week and say ‚ÄėI like this show‚Äô but it‚Äôs another thing to say I like this brand enough that I will spend $18, which is our introductory price on Food Network Magazine,‚ÄĚ Loughlin told AD.
Partnering with a television network has its perks when it comes to promotion. HGTV Magazine generated 25,000 orders after 15-second and 30-second commercials aired on the channel. Promotional messages about the publications also appear on the bottom of the screen during television programs. According to Loughlin, the overall viewing size of the audience, instead of ratings, is what really maters.
‚ÄúThere is not a hugely tight correlation between day-to-day, week-to-week or period-to-period ratings and the circulation of the magazine,‚ÄĚ Loughin said to AD. ‚ÄúConsumers who are watching television proactively tune in on a Tuesday, might not on a Wednesday and come back to it Saturday‚ÄĒit‚Äôs really about the consumer‚Äôs discretionary time. Consumers order a magazine or pay for a magazine and that‚Äôs the key differentiator, the fact that they‚Äôre paying for it. It also comes once a month, and because it doesn‚Äôt have the same kind of shelf life that an episode of Iron Chef or Oprah‚Äôs former daily television show, studies have shown consumers come back multiple times. The reality is there isn‚Äôt a tight correlation between ratings and circulation.‚ÄĚ