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***** 1. January 5, 2005
Media Post
Time Inc. agreed in principle on Tuesday to acquire the entirety of Essence Communications Partners, publisher of Essence magazine. Time Inc. had previously been a minority partner with Essence, believed to have held 49 percent of the company's values since 2000. Financial terms of yesterday's transaction were not disclosed. According to both Essence and Time Inc., this transaction represents an extension of a successful partnership between the two companies, and will not involve any change in staff or editorial direction for Essence magazine. ???I think it's very positive," said Essence founder and CEO Ed Lewis. "It's part of an incredible relationship that developed. Time Inc. provides us with enormous resources. I really believe this is going to enable us to provide even more [for readers]." MORE ONLINE
The New York Sun
Samir Husni, a dapper Lebanese-born journalism professor, is known as "Mr. Magazine" because he tracks every new magazine published in America. Mr. Husni, who teaches at the University of Mississippi, is an old friend, and we talked the other day about the avalanche of new magazines that were published in 2004. On average, almost 75 magazines were launched each and every month. In October alone there were 132 new titles. "We have not seen such vitality in years, especially among the big companies. Over 900 new magazines were launched, and the final count may be over 1,000," Mr. Husni said. "It is the biggest year since 1998." Although every one of the major publishers, except the problem-plagued Gruner & Jahr, brought a new title to market, he is especially admiring of Time Inc. and its chief executive, Ann Moore, who oversaw the launch of four new titles, including All You, a women's monthly that is only available at Wal-Mart ."It is for women in the Red States, for women in Wal-Mart nation," says Mr. Husni, who lives in Oxford, Miss. "I respect Time Inc. for understanding the market and putting out this publication." He is also a fan of Cottage Living, published by one of Time Inc.'s subsidiaries, Southern Progress." Cottage Living is the perfect after 9/11 magazine. It is about staying home, and being safe. It isn't about cottages, but it is about making your home no matter what its style, cozy and comfortable." He even has a few kind words for Life, which was relaunched as a newspaper supplement a couple of months ago and appears to be struggling. "I hope they give it time to find advertisers. Making it a supplement was the only way to launch a really mass-circulation weekly magazine." Today most publishers hope to achieve a circulation base of 500,000. Life, through newspapers, reaches 12 million. MORE ONLINE
Media Post
Cookie magazine, a launch soon to come from Fairchild Publications, looks to be a cross between Lucky and Child, aimed at an upscale audience. A direct mail piece sent out by Fairchild offering recipients a free trial issue of the new title labels Cookie as "The Magazine for Sophisticated Parents." It's clear from the magazine's description in the piece that Cookie is aimed at parents who plan to spend a fair amount of money styling and accessorizing their children. The opening paragraph of the letter reads: "You enjoy the best in life for yourself, and you want the same for your children. But finding it isn't always easy." MORE ONLINE
******** ??¦ that CosmoGIRL! is looking for a freelance fact-checker. Email Rachel Aydt at raydt@hearst.com . Ed2010 is a networking and mentoring organization for magazine editors. For more info about our free events and services, go to www.ed2010.com |
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January06, 2005 - Finish Ed's thought: "Dude!" >> |
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