Crash of magazine sales speeds up, Time Inc. down 13% in just 3 months

[Paladin]

"A decade-long implosion of magazine sales, led by weekly news mags, appears to be speeding up, with major name brands like Time suffering double-digit declines in just the last three months, according to the group that has charted the death of print.

MagNet Data reports that newsstand and other retail sales fell 10.3 percent in the third quarter of 2015, from 128.8 million to 115.5 million. The cash lost: $69 million, or a one-year drop of nearly 10 percent.

The media blog site MediaPost sized the ongoing trend this way: "The downward trend in newsstand sales is continuing — and may even be gathering speed."

Some examples of the decline in the third quarter:

• Time Inc. sales down 13.1 percent, revenue off $11.3 percent.

• Hearst sales down 21.9 percent, revenue off 20.3 percent.

• Wenner Media, publisher of Rolling Stone, down 15.9 percent, revenue off 15.1 percent.

• Conde Nast sales down 9.3 percent, revenue off 7.2 percent

Many print magazines have already failed and been turned into websites. Those that have survived have been in a death spiral of spending and staff cuts."

http://www.washingtonexaminer.com/crash-of-magazine-sales-speeds-up-time-inc.-down-13-in-just-3-months/article/2577535

I am more than happy to see Time take it in the shorts. Incredible Liberal bias. As for Rolling Stone, I wouldn't even use it to line my parakeet cage.

[Free Vulcan]

See if I can put this into perspective here. I'm Gen X, pushing 50 now. My first computer experience was an Apple I in '77 or 8 at around 10 years old, and the internet in it's current form has been around since a year after I graduated from college. So basically anyone under 60 years old was still in their 30's not having reached middle age yet and has had online news going on 20 years.

So who exactly do they think is going to by their glossy paper at the newsstand anymore? Anybody that would is long retired.

[Oceander]

Now if only the NYT and the NY Daily News would go under.  A little more would be right with the world then.

[sinkspur]

Every hard copy publication is a dinosaur.  The handwriting is on the wall for all of them.

[Fishrrman]

Oceander wrote above:
"Now if only the NYT and the NY Daily News would go under.  A little more would be right with the world then."

Give 'em a little more time.

They're both on the way down.

The Daily News in particular, after the last couple of front pages.

The Times is gonna take longer. It's a big horse and will take a while to "bleed out"...

[DCPatriot]

Oceander wrote above:
"Now if only the NYT and the NY Daily News would go under.  A little more would be right with the world then."

Give 'em a little more time.

They're both on the way down.

The Daily News in particular, after the last couple of front pages.

The Times is gonna take longer. It's a big horse and will take a while to "bleed out"...

What's Time Magazine now?   12 pages?     

[Oceander]

Oceander wrote above:
"Now if only the NYT and the NY Daily News would go under.  A little more would be right with the world then."

Give 'em a little more time.

They're both on the way down.

The Daily News in particular, after the last couple of front pages.

The Times is gonna take longer. It's a big horse and will take a while to "bleed out"...

The Daily News has come unhinged.

[DCPatriot]

The Daily News has come unhinged.

Seems to me that they are following the same concept as MSNBC, which, in order to survive, staked out a claim as a strictly an opposition and as a standard bearer for the Left.

And it will work....so long as George Soros is paying the bills.

[aligncare]

Publishing is definitely changing in the modern era. But, there'll always be a place for books, for significant stories and images preserved and beautifully bound to feel substantial, and to be held dear in the hand.

[mountaineer]

Newspapers aren't entirely a thing of the past in small-town America (you know, the "flyover" country the liberals love to ignore).