Two titles that are reported to be in the departure lounge.
A source suggests that Crimson’s Growing Business magazine has given up on its print edition. The last issue came out just before Christmas and a new one should be hitting the mail about now, but there’s no sign of it yet. Several emails to Crimson have gone unanswered.
But an email to Private Frazer this morning states that The Publican is calling ‘time’ on its print edition.
Any further information – or a definitive statement from either Crimson or UBM – would be warmly welcomed. email firstname.lastname@example.org or just leave a message in the comments section below.
Finally, the Guardian reports this morning that Future is in the running for BBC Magazines. Sounds to me like PR flummery – if they do buy the titles (for upwards of £100 million) I will eat my sporran.
Caring Business “the most respected title amongst care sector professionals” (begging the question of how many others there are), has quietly passed over to the other side. UBM wish to keep this bereavement private. No flowers, but donations should be sent to the Simon Foster home for the terminally bewildered.
Figures from UBM courtesy of Press Gazette
United Business Media increased profits in the first six months of the year despite a 14% drop in revenue at its magazine division…
The company said its print magazines business provided [just] 4.4% of UBM’s overall operating profit as it saw revenue in the division drop 13.9% year-on-year…
Operating profit at its magazine division rose 12.1% to £3.7m. UBM said the improved profitability came, in-part, from a cyclical improvement in ad revenues, but more significantly from its strategy [of]… closing, merging and reducing the publication frequency of weaker titles.
UBM closed 31 titles and merged or reduced the frequency of others throughout 2009…
David Levin, chief executive of UBM, said: “In the first half we launched one new print title and closed four others.”
Hat tip to John for this story
It’s been an interesting few days for B2B results, so let’s summarise the good news:
UBM’s print division: revenues down 23.1% to £165.8m and operating profit down 62.8% to £8.9m
Informa: operating profit down 11% to £145.7m in 2009 on revenue down 4% to £1.2bn
Centaur: revenue fell 24%, a loss before tax of £1.7m in the last six months of 2009
RBI: operating profit fell to £89m in 2009 from the £126m the previous year, a 35% drop in consistent currencies. Revenue was down to £891m last year from £987m in 2008, a fall of 18% in consistent currencies.
DMGT: revenues from the group’s B2B operations in the quarter were £186 million, 20% lower than for the corresponding period in 2008. Revenue from DMGT’s Euromoney business fell by 16% to £71 million.
Theme magazine, the UBM title for the bar and restaurant industry, has called time after 15 years. No happy hour, no lock in – come on ladies and gentlemen, haven’t you got homes to go to?
United Business Media has revealed that print advertising is down by more than 20 per cent in some of the sectors in which it operates. [Press Gazette]
And this wonderful quote:
“Engagement rather than reach is becoming increasingly important as customers focus on outcome-based marketing.”
Translated: advertisers want to pay by results – sales, leads, data – not just have your ad team tell them all about ‘brand awareness’, ‘core market reach’, ‘demographic fit’ etc.
So that’s a big downer on page advertising, but also the lazy web sales: banners at CPM, tenancies and so forth.