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Circulation Figures for First Half Offer Digital Glimmer of Hope
THE DIGITAL GLIMMER OF HOPE: Magazine circulation figures for the first half were released Tuesday and the declines just keep coming, with some of the country’s top 25 magazines posting double-digit drops from the same time last year, including Glamour, which fell nearly 30 percent in single-copy sales.
But there’s a silver lining (phew!). The sale of digital editions, or replicas, has nearly doubled from the same period last year to an average of 10.2 million, according to the Alliance for Audited Media. They now account for 3.3 percent of total circulation.
An encouraging case study is newsweeklies, which have not benefited from a ton of good news lately, but are reaping the most benefit from digital editions. Time magazine was losing readers up until the end of 2012 — AAM’s second-half report showed a drop of 0.5 percent in overall circulation, and 23 percent in single-copy sales as compared to the same period in 2011. But in July 2012, the Apple newsstand started selling Time Inc.’s digital editions, and so far into 2013, Time has sold an average of 44,700. Overall circulation at Time is up to 3.3 million, and single-copy sales are up to an average of about 58,000, an increase of 1.2 percent. Out of those, 2.8 million are print subscribers who get the digital edition as a bundle, and about 500,000 are digital-only, according to the magazine.
Likewise, New York magazine, which revamped its digital edition in March, increased circulation by 0.9 percent to 409,000, and single copies, thanks to digital, by 23 percent. The New Yorker’s circulation is up 1.2 percent to about 1.05 million, helped by a nearly 18 percent spike in single-copy sales.
The exception is Bloomberg Businessweek, which has made provocative, conceptual covers meant to stand out at the newsstand a signature. But circulation, at nearly 991,000, is down 0.3, and newsstand, which like at all newsweeklies is a small fraction of the overall circulation makeup, fell 6.3 percent. People magazine was down at the check-out line, and by double digits, too, nearly 12 percent, while circulation fell 0.6 percent. Celebrity weeklies in general, like Us Weekly, InTouch and Life & Style, saw declines.
Overall, magazines lost about 1 percent in total circulation, with newsstand sales dropping about 10 percent.
Among the top 25 largest magazines, Good Housekeeping registered the biggest circulation jump, about 1.2 percent, to 4.4 million, and Ladies’ Home Journal was up 0.8 percent, or 3.2 million. Reader’s Digest and National Geographic had the sharpest drops, 6 and 5.4 percent, respectively.
Fashion books had a grim half at the newsstand. Cosmopolitan, ranked second-largest magazine by single-copy sales, declined 24 percent, while the drop at Glamour was 28.8 percent and 19 percent at InStyle. O, the Oprah Magazine sold about 22.7 percent fewer copies, while the percentage drop was 10.4 percent for Vogue and 11 percent for Vanity Fair. Harper’s Bazaar and Elle, which are not among the top 25 by single-copy sales, declined 12.5 and 10 percent, respectively. Game Informer is the top digital magazine, with nearly 3 million replicas, followed by Reader’s Digest and Cosmopolitan, which knocked Maxim out of the top three.
The internet is democratizing the fashion industry but also putting a lot of strain on it. It is in the very nature of fashion, that people long more for the rare and not the widely accessible. Which is harder and harder to find since it seems everything is there for you to see online so it makes it feel accessible vicariously. And so the appeal of it wears off quicker. So the race with time for designers is even harder than ever.
Internet makes fashion feel instant when its actually not , like somebody mentioned watching fw makes you want that instead of ss that will be available soon. But I think the form of fashion shows and seasons is definitely something that needs to adapt to new times, because it just does not feel that relevant any more, its a relic of old times, when it made perfect sense to have closed off shows showing certain people in the know what is up next. In their essence was exclusivity and there is no other way than to slowly give up the exclusivity by doing live-streamings and whatnot.
It is going to take a while for the big, established fashion infrastructures to change (because of the money invested in them it is natural they are resisting certain changes), but there is a parallel development that was made possible with the internet and I think the future will be whatever forms from that.
Magazines will have to find new ways to attract buyers as well, because right now they aren´t offering anything that you wouldn´t be able to experience online. Maybe focusing more on the physicality would be the way, because being tangible is the only thing they have going for them in the battle with the internet, and I don`t think they are exploring it enough.
I think one of reasons high end brands are switching to internet so slowly is because (many) rich people are not very tech-savvy. Yes, we see everyday Cara Delevingne and other celebrities using Instagram and etc. In reality, people who buy high end clothing are in their mid-40s or over. They have smart phones and etc, but they still prefer print magazines, "offline" stores and so on.
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With that said, I have to admit that I am a hopeless, tactile romantic. There's something about my fingers touching actual pages that sparks excitement in me. Reading about designers, new lines, etc on paper signals "gravitas" to me for some strange reason. Not that I don't have respect for the web: I love it. It's just that there's an indescribable pleasure that comes from sitting down with an actual Financial Times paper during brunch on Sundays and reading what Vanessa Friedman has to say.:-)
But again, I'm over 40!
Nothing to do with over 40 :-) Feel the same about the tactile experience and internet. IMO the future is merging of the two specifically more so with mobile devices and wearables.
Dior Cruise 2015 Rule...I think it's quite on the topic
Oh that's classic!