Heard on the Web" Media Intelligence
Courtesy of BoSacks and The Precision Media Group 
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BoSacks Speaks Out: am, as I write this, in Chicago on a ridiculous 3-1/2 hour layover (my bad) return trip to Charlottesville, which involves first flying from Des Moines, IA to Richmond, VA via Chicago.  Oh yes, direct it ain't.
 
I was in Des Moines, to attend the CDS Global Summit, which is a yearly round-up of events, learning and prognostication of future evolutions for their clients.  It is a big and thoughtful affair and one that I always look forward to. Steve Lacy from Meredith gave the keynote this morning.
 
We were also treated to a second keynote from a mystery guest who gave a "killer" talk on a fairly new and exciting subject for publishers everywhere, and which I am not permitted to talk about. It's one of those situations where, when in Rome do as your guests wish you to do. I chatted with the still to remain anonymous guest, before I went on stage.  It turns out that he/she is a long time BoSacks reader, and in the conversation we agreed on many things pertinent to the long term survival of our industry.  But none of that later. Allow me to talk about what I can talk about.
 
Tuesday morning started with an acknowledgment by the CDS Global staff that my dear friend Malcolm Netburn will be awarded and inducted into the FMA Hall of Fame Award. Bravo to Malcom, who I deem a great leader in a time when the industry needs great leadership. Bravo!  He deserves this award.
 
Next up was Chris Wilkes, VP of Digital Editions at Hearst Magazines. He shared some very interesting statistics, such as the change in time usage on tablets. In 2010 the averages for magazine readership were one minute per day. In 2011 that average moved up to 12 minutes per day. And in 2013 they have reached 1.3 hours per day. That is a terrific trend for every publisher to grapple with. Chris went on to say that there are a thousand magazine apps and they are arriving as much as three per day, every day.  Wilkes also announced that their monthly popular titles like Esquire and Elle are coming out with weekly e-editions.
 
As reported here before, Chris shared what I consider a great success and a watershed moment when Hearst exceeded 1 million digital subscribers paying full price for their subs at an approximately $19.95@. This equates to around 3% of the Hearst total readership. So I hear ya, one million is big and admittedly 3% is small.  But hold on to your hat. In the Q&A part of the show I asked Chris if he could forecast when that percentage might reach 25%. His answer was in the range of five years. Admittedly I put him on the spot and he gave an off-the-cuff and un-researched answer.  Still, he doesn't have to exactly correct, just near correct.
 
EMERGENCY ALERT. Due to crazy weather conditions here in the Chicago area, I have to stop writing and run to the other side of the airport and then wait for a flight that may or may not get off the ground. Therefor this has now become a two part BoSacks Speaks Out: I will finish part 2 tomorrow, as I have a ton of interesting notes and things for your intrepid reporter to report on. 
 
END PART 1

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Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.

William Jennings Bryan 

Digital is your destiny, magazines told

Embrace it, head of Hearst unit says

BY Marco Santana

http://www.desmoinesregister.com/


Malcolm Netburn says the magazine publishing industry must look at readers' migration to tablets and smartphones as an opportunity rather than a burden.

 

"We need to do just the opposite," said Netburn, the chairman and CEO of CDS Global. "It's time to go big and to go bold. It's time to strip ourselves of the fear factor and work from a position of belief and energy."

 

CDS Global, a Hearst subsidiary based in Des Moines, provides customer services for some of the world's largest publishing companies. Netburn's remarks opened his company's annual summit in downtown Des Moines with representatives from Meredith, Hearst, Reader's Digest and others listening.

 

The two-day gathering hosts various speakers and panels for attendees. Netburn said readers now drive the conversation in magazine publishing.

 

"This is just a test of how the consumer is changing the game and the field we play in," he said. "We have always wanted that."

 

The speakers at the event drove the point home, with industry analysts talking about magazine companies connecting with customers through digital. A panel discussion centered on the use of data to best benefit magazine publishers.

 

Chris Wilkes of Hearst's application laboratory talked in depth about the company's efforts to improve digital offerings, including the launch of weekly tablet versions of Esquire and Elle magazines. He also talked about the tablet and smartphone markets, quickly growing venues for Hearst to reach as many people as possible, he said.

 

"This is worth putting things at risk for," he said. "We are competing for people's leisure time."

 

Wilkes said an industry initiative called Nextissue, which brings more than 100 digital magazines to customers for a single price, has helped the industry grow.

 

In his opening speech, Netburn said the magazine industry needs to think of similar ways to continue to regain its strength.

 

"There is no interest in winning silver or bronze," he said. "We can't afford to and neither can you."


 

bo"The Industry that Vents Together Stays Together"  
Responses to all Articles and Bo-Rants are greatly encouraged and may be included in " BoSacks Readers Speak Out"  =======================================
All news items and the various opinions expressed in this newsletter are not necessarily the opinion of, nor in agreement with the opinions of BoSacks. They are just interesting thoughts and other opinions that BoSacks thinks you should know about.  
After all, as the Japanese proverb goes: 
"If you believe everything you read, perhaps you better not read." 

"Heard on the Web" Media Intelligence:  
Courtesy of  The Precision Media Group.   
Print, Publishing and Media Consultants 
193 Brookwood Drive, Charlottesville VA 22902
Contact - Robert M. Sacks  917-566-7437
BoSacks@aol.com
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