Storm in the US forest of leaves
The American magazine industry is in a state of turmoil. Even prestigious titles are losing circulation and advertising revenue on a massive scale.
But although it is to be expected that the tendency to flee into entertainment is even greater than before in economically gloomy times, American celebrity magazines have also suffered major sales losses in recent months. "Some of these magazines have become significantly more expensive and people are naturally considering whether they should buy two or three of these magazines and are now only reaching for one," says Jim Harrington from the magazine consulting firm Harrington Associates.
Bauer Verlag in the USA was hit the hardest, with its publications In Touch and Life & Style recording circulation losses of 30 percent. US magazine publishers earn most of their money not from subscriptions, which are usually sold for a few dollars a year, but from advertisements and sales at the newsstand or in supermarkets, so-called single copy sales, and these fell by eleven percent in all categories in the second half of 2008 compared to the previous year.
These figures represent the general crisis affecting the magazine business. Among the categories hardest hit are news magazines, men's and women's lifestyle magazines, home and interior design magazines, luxury, travel and various sports magazines. Some titles were discontinued altogether, including, not surprisingly, titles such as Trader Monthly and Dealmaker, which were dedicated to the banker's lifestyle and whose publisher, Doubledown Media, went bankrupt. Only magazines dedicated to a healthy and conscious lifestyle, such as cooking and gardening publications or body-mind magazines for women, recorded growth.
Samir Husni, professor of journalism at the University of Missouri, denies that these figures mean the decline of the entire industry. He points out that over 700 new magazines were launched last year and the total number of magazine readers increased by five percent. "More and more niche magazines are being launched and publishers are turning away from the mass market," says Husni.
One of the niches that has struggled the most in recent years are the weekly news magazines, which are struggling with competition from the Internet all over the world and have to come up with a new philosophy in order to survive. The smallest US publication of this type is US News & World Report, whose circulation fell by 22 percent year-on-year to 1.6 million in the second half of 2008. To prevent a further drop in circulation, the magazine switched to a monthly publication schedule.
While Time Magazine remained stable with a circulation of 3.3 million, Newsweek also suffered a sharp loss of 13 percent to 2.7 million. For this reason, the entire philosophy of the weekly paper is to be changed: Instead of rehashing the week's events, from May onwards it will be almost exclusively analysis, by renowned authors such as Christopher Hitchens or Fareed Zakaria. "If we don't have anything original to say, we won't say anything at all about a current topic," says Jon Meacham, editor-in-chief of Newsweek. "The drill of chasing the week's news just to provide a few new details is no longer worth it." Instead of presenting a mass audience to advertisers, the readership is to be drawn more from the educated and affluent sections of the population. In this way, the aim is to free itself from its dependence on existing advertising customers such as the automotive, finance and technology sectors and attract a new advertising clientele. The annual subscription price is also to be raised from 25 to 50 dollars.
Gerti Schön













