Private Frazer’s Doomed Magazines

December 18, 2008

More straws…

Filed under: B2B magazines,Chair by the door,closures,consumer magazines,Recession — privatefraser @ 10:58 am

A few more titles closing, changing frequency, merging, courtesy of FeaturesExec.

  • New Start goes from weekly to monthly
  • Qube changes from monthly to bimonthly
  • Grove House Publishing has announced the closure of Farm Life magazine
  • Casino World ceases trading in UK
  • Home Entertainment Week has closed
  • Kid’s magazine Kraze Club has been suspended until further notice

God bless us every one.

December 11, 2008

Straws in the wind

Filed under: closures,consumer magazines — privatefraser @ 10:50 pm

A few bits and pieces of magazines closing down. None of them very big, none of them very famous, but all of them handing out P45s for Christmas.

Don’t panic! (11/12/08)

Filed under: Don't panic,figures,Recession — privatefraser @ 4:39 pm

Another day, another gloomy forecast about the publishing industry. This one is from Deloitte and is summarised in Media Week.

Declining advertising revenues, increasing costs, and a dismal economy may all combine to deliver a devastating blow to print media in 2009,… The industry outlook is said to have gone from “difficult to almost impossible”, with ad revenues expected to drop 20%, … and supplemented by a 10% drop in subscriptions. The report also notes that titles that have gone online are “not even getting close” to replacing the decline in revenue generated by print advertising and subscriptions

December 10, 2008

It’s over

Filed under: B2B magazines,Recession — privatefraser @ 4:15 pm

Some thought it would run for ever, but this afternoon the curtain seems to have come down on one of publishing’s best-loved productions. Yes folks: Reed shelves sale

I don’t know about you guys, but I’m going to miss it. (more…)

December 9, 2008

Bargain basement

Filed under: Chair by the door,Recession — privatefraser @ 10:27 am

When Private Frazer was a wee bairn, a poond note would buy you a night at the pictures, a fish supper and change for the bus ride home. Those days seem to be returning as for just a quid you can pick up either Woolworths or Tribune magazine.

One, of course, retains a lot of affection, but its glory days are long behind it. A brand without a point or a purpose, it has struggled on for years losing money and customers and without any clear sense of direction. The other is Woolworths (boom boom).

If Private Frazer had a spare quid (which I don’t, so there’s nae point you asking), he’d hang on to it; the way the RBI sale price is dropping he might be able to pick up the whole of Quadrant house in a week or two.

December 8, 2008

RBI’m about to lose my job

Filed under: B2B magazines — privatefraser @ 11:04 pm

The RBI drama is approaching its cliffhanger ending – will the hero swoop in and save the girl, or will everything crash and burn?

If these paragraphs in the Independent’s report are anything to go by then both could be correct.

Reed Elsevier…is close to selling [RBI] to US buyout group Bain Capital for $1bn (£680m), after its main rival …the private equity group TPG dropped out of the auction…after its investment committee last weekend decided the acquisition was too risky in the current economic climate.
Rival media groups are surprised that Bain is keen to plough on with the deal, given the likely continued deterioration of advertising revenues. However, an industry source pointed out that Reed had not taken … costs out of the business, offering RBI’s new owner quick savings through restructuring.

If you (currently) work for RBI, you probably shouldn’t max out your credit cards this Christmas. (more…)

December 4, 2008

Don’t panic! (04/12/08)

Filed under: Don't panic,figures,Recession — privatefraser @ 10:48 am

The UK media sector will fare the worst of any developed country in 2009 … The forecast from WPP‘s media buying subsidiary Group M makes for grim reading, with UK national newspaper advertising set to be down 12% year on year in 2009, regional titles down 13%, and the business-to-business magazine sector down 14%. [Media Guardian]

December 3, 2008

Don’t panic! (03/12/08)

Filed under: Don't panic,Recession — privatefraser @ 10:51 pm

Or may be you should if the Enders forecast for the next four years is anywhere near true…

As many as 200,000 additional UK media jobs will be lost by 2013, on top of the thousands that have already been lost in the first months of the global recession, according to Enders Analysis.

More here at Brand Republic and Media Money

December 1, 2008

Are you sure that’s wise sir? (01/12/08)

Filed under: consumer magazines — privatefraser @ 10:29 pm

Give praise everyone, the publishing industry is saved! Peaches Geldof (famous for being somebody’s daughter) and James Brown (famous for launching a successful magazine in the last century and losing lots of people lots of money ever since), have just launched Disappear Here. If ever a magazine was appropriately named, this is it. The big question – will the magazine last longer than Peaches’ marriage?

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