Folio: Wire | 2.15.07
PIB For First Month of 2007 Shows Progress
Total magazine rate-card-reported advertising revenue for January 2007 increased by 5.9 percent over the same period last year closing at just over $1.295 million according to Publishers Information Bureau. Ad pages for the month closed at just over 13,000, a -0.9 percent drop from January 2006.
The Drugs & Remedies, Automotive, and Toiletries & Cosmetics categories recorded double-digit gains in spending and pages for the month. Retail, Direct Response and Media & Advertising also saw gains in revenue and pages.
Mann Media Launches New Regional Title
Greensboro, North Carolina-based Mann Media, publisher of Our State magazine, will launch North Carolina Signature in March. The launch issue will be poly-bagged with Our State on newsstands throughout the state and sent to the 138,000 paid subscribers of the magazine.
Barnes & Noble Ranks Cooking With Paula Deen Top Selling Food Magazine
Retailer Barnes & Noble Inc. has named Hoffman Media’s Cooking with Paula Deen as the number one selling food magazines out of more than 100 titles in the category. The magazine, which launched last year, also took the number three spot with its special issue Paula Deen’s Christmas.
Working Mother Media Acquires Public Affairs Group
Working Mother Media today said it acquired the assets of Public Affairs Group Inc., a subsidiary of NBC Universal-owned iVillage Inc. The assets include the Public Affairs Group’s Diversity Best Practices, Business Women’s Network, and Best Practices in Corporate Communications divisions. Terms of the sale were not disclosed.
Working Mother Media produces magazines, including flagship Working Mother, as well as conferences, research and Web sites focusing on work-life balance, the advancement of women and diversity in the workplace.
"The acquisition of Public Affairs Group’s assets greatly broadens Working Mother Media’s initiatives, making us the largest media company in the country focused on diversity and the advancement of women," said Carol Evans, CEO of Working Mother Media, in a statement.
FamilyFun Redesigns, Ad Revenue Up 12 Percent
Disney Publishing’s FamilyFun magazine has redesigned its February issue complete with new logo and editorial features. Cleaner graphics and photographs along with more streamlined editorial will be the same period 2006. Pages have posted a nine percent gain.
ALM Teams Up with Time Inc. Business and Finance Network
ALM and the Time Inc. Business and Finance Network have made a two-year agreement to jointly publish "The Go-To Law Firms of the Top U.S. Companies," a special advertising feature in Fortune. This year’s section will be featured in the May 14 issue of the magazine. ALM will also become the exclusive sponsor of special sections focused on law firms and attorneys in other Time Inc. titles including Money, Business 2.0 and Fortune Small Business.
AMI Gets Another Extension on its Financial Restatements
American Media Inc. once again this week asked for and received an extension on its financial restatement filings for the fourth quarter of 2005 and the first through fourth quarters of 2006, according to an 8-K document filed with the Securities and Exchange Commission Tuesday. The extension was granted just two days before the 2005 filing was due.
The new filing deadline for the 2005 restatement is set for March 15. Deadlines on the rest of the restatements have been pushed to April 15.
Requesting extensions on its restatement deadlines has become commonplace for the beleaguered publisher of the Star and the National Enquirer. The company is carrying about $1 billion in debt and has been struggling with declining newsstand sales for both of its flagship tabloids.
Last week, the company blamed lower-than-expected fourth quarter 2006 earnings on the Star’s newsstand troubles. AMI’s EBITDA declined in the fourth quarter of last year to $21.5 million, down from $23.9 million in the same period a year earlier.
In related news, AMI CEO David Pecker told staff Tuesday that Star editor Joe Dolce would be leaving the company when his contract expires March 31. Globe editor-in-chief Candace Trunzo will replace Dolce.
Designs Magazine Acquires Embroidery Journal
Dallas-based Designs in Machine Embroidery has acquired Embroidery Journal, a consumer craft publication for home embroiderers and professional crafters. Journal will become a supplement of Designs, published six times per year.
The Deal Redesigns, Ups Circ
The Deal LLC has changed the format of its newsweekly The Deal, to a standard-size magazine format with its February 12 issue. Front of the book and feature sections have been rearranged. The magazine will also increase its circulation to 50,000 subscribers by June of this year and a new e-newsletter has also been launched. The changes come after recent announcements of a Web redesign and an increase in annual events from sevent to 14 in 2007.
Beusse Out at Time4Media, But Magazines Will Remain in New York
Time4Media president Tom Beusse will step down as president of the Time4Media publications sold by Time Inc. to Swedish publisher, Bonnier Media Group last month. Terry Snow, CEO of Bonnier’s World Publications, which publishes Saveur, Garden Design, Cruising World, Sailing World, Islands, Spa, Destination Weddings & Honeymoons, Resorts & Great Hotels, will oversee both the Time publications and World’s publications, said World spokesman Dean Turcol. Turcol said the World and Time magazines will be merged into a new company, the name of which will be announced shortly.
Turcol also said, despite news reports to the contrary, the Time magazines will stay in New York and not move to World Publications’ Winter Park, Florida headquarters. Even though the company’s corporate offices are in Florida, it publishes magazines in different parts of the country. Saveur magazine, for example, is published in New York and will remain there with Bonnier’s newly acquired 18 publications, Turcol said. An employee of the former Time4 publications called reports of a move to Florida "nonsense."
Zinio Acquired by Investment Firm
Digital magazine publisher Zinio Systems Inc. was acquired today by Gilvest LP, an investment firm owned by David H. Gilmour and managed by Doug Carlson. The terms of the deal were not disclosed. Gilmour also owns VIV Publishing LLC, publisher of VIV Magazine.
In a statement, Gilvest says it plans to provide new capital to help fund technology advancements to support Zinio’s continued growth. Zinio’s current management team, led by president Richard Maggiotto, will remain in place, the statement said. Zinio sells, produces and distributes more than 1,200 digital magazine titles and textbooks from more than 240 publishers, including Hachette Filipacchi, Hearst, Primedia, IDG and McGraw-Hill.
SI Swimsuit Issue Features Musical Theme
Usually reserved for the likes of supermodels, the cover of this year’s Sports Illustrated Swimsuit issue is being graced by R&B star Beyonce. The wildly successful issue, which hits newsstands this week and typically outsells regular copies of the magazine on the newsstand anywhere from 10 to 20-times over, features a music theme of models posing with pop stars. Last year’s cover featured several past and present supermodels posing topless on the beach.
The February 2006 Swimsuit Issue sold almost 1.2 million newsstand copies. In the first six months of last year, the next highest newsstand seller was Sports Illustrated’s Superbowl XL issue with 117,057 copies sold, according to the Audit Bureau of Circulations.
Nielsen Business Media to Partner With MDog.com for Mobile Programs
Nieilsen Business Media’s HollywoodReprter.com, Billboard.com, Adweek.com, and Backstage.com have teamed up with mdog.com, to power their mobile Web sites. Content from the sites can now be accessed by readers using any Web-enabled mobile device. Nielsen plans to mobilize its other Web sites using the technology over the next several months.
Balcony Media to Launch Design Title
Los Angeles-based Balcony Media, publisher of LA Architect magazine, will launch a new trade publication in June called FORM: pioneering design. The title will focus on modern design in the areas of architecture, interior, landscape, furniture and product design, and materials and technology.