Five and 10 percent salary cuts have become near-commonplace for magazine publishers in 2009, but this week employees at BNP Media learned the company will cut staff salaries by 25 percent. The pay cut is effective May 1.
Articles by Matt Kinsman
Ad pages in consumer magazines dropped 25.9 percent while ad revenue fell 20.2 percent in the first quarter of 2009, according to figures released today by the MPA’s Publishers Information Bureau.
While media M&A has slowed to a near standstill, healthcare information and technology may be a bright spot in 2009, according to a recent report from the Jordan, Edmiston Group. In 2008, this category saw 122 transactions worth a combined $7.3 billion, up 21 percent in deals and 83 percent in value, JEGI said.
Blogging is becoming the dominant force for many magazine Web sites and while most sites have their magazine staff blogging on a rotating schedule,
PC Magazine. Avenue A. PROMO. Craft. The list of former print titles going digital-only is growing almost weekly as publishers shift from a print product that is no longer economically feasible to what they hope is the future of their brand.
Most publishers are scrambling to update their online content management system (and may even be on their third or fourth upgrade). The choices are staggering and smaller publishers can often be at a loss.
The Integrated Media Cooperative has announced a “Publisher Stimulus Program” that lets new members join the co-op with a $1,000 down payment and an earn-out on the first $4,000 in rebates.
The most popular content management systems have their passionate advocates, reminiscent of the Quark versus InDesign battles between art directors. Below,
Sandow Media has acquired Western Interiors and Design. While terms of the deal were not released, Western Interiors and Design generates between “$5 million and $10 million” in annual revenue, according to publisher Jennifer Matthews.
Tech Crunch has an interesting story that suggests Twitter may have found a way to make money after all. It revolves around the list of 100 suggested users Twitter supplies any new registered user.