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Vibe and Creative Loafing: Private equity moves in on print publishing

Vibe Media Group, publisher of hip-hop magazine Vibe, shut down in June, as the poor economy led to declining advertising revenue. Vibe has since been acquired for an undisclosed price by InterMedia Partners, a private equity firm.

InterMedia said it plans to resume publication of Vibe in November as a quarterly magazine. The operations of Vibe are to be integrated with those of Uptown, another urban lifestyle magazine InterMedia owns. Publishing veteran Jermaine Hall has been named as the new editor-in-chief of Vibe, and the new business will be known as the Vibe Lifestyle Network.

Continue reading Vibe and Creative Loafing: Private equity moves in on print publishing

Playboy's second quarter: Not centerfold material

Playboy Enterprises (NYSE: PLA) is still around? I was surprised to hear that it was, according to a news article from Reuters detailing the struggling media company's second-quarter results. Unfortunately, Playboy remains a puzzle. How in the world is management going to turn the ship around?

Playboy's top line fell by 15%. The bottom line booked a loss of 26 cents per share. Expectations were for 23 cents per share to be lost. In the year-ago period, Playboy lost 10 cents per share. I think it's plainly obvious that Playboy just isn't the force it once was. Pretty sad to see this icon slowly fade into irrelevance as the digital revolution continues to devalue its historic brand equity.

Continue reading Playboy's second quarter: Not centerfold material

MasterCard (MA) seen a bargain by Barron's

MA logoMasterCard (NYSE: MA - option chain) shares are rising today after an analyst writing in this week's Barron's said the company's stock might be a better bargain than that of competitor Visa (NYSE: V). If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MA.

MA opened this morning at $187.94. So far today the stock has hit a low of $187.35 and a high of $192.44. As of 11:45, MA is trading at $191.62 up $6.15 (3.3%). The chart for MA looks bullish and S&P gives MA a positive 5 STARS (out of 5) strong buy ranking.

Continue reading MasterCard (MA) seen a bargain by Barron's

BusinessWeek could be yours for $1

A subscription to BusinessWeek will cost you $46 for $46 issues -- an 80% savings off the newsstand price!

Or you could just buy the company and have done with it. McGraw-Hill (NYSE: MHP) is exploring a sale of the beleaguered icon, but the magazine's huge operating losses could mean it will fetch just $1, according to some experts.

The reason? With annual losses estimated at anywhere from $10 million to $75 million, acquiring the business would cost huge sums of money for at least a few years -- even if a miraculous turnaround can be engineered. Time Inc., Forbes and Conde Nast are reportedly not seen as suitors.

Continue reading BusinessWeek could be yours for $1

Music magazine raises cash with donations

With persistent rumors about top newspapers shifting toward nonprofit models, the "beg your readers for cash" plan is working for at least one smaller outlet.

A week ago, Paste, a music magazine, began asking its readers for donations. The Associated Press reports that "Editor-in-chief Josh Jackson said Thursday the suburban Atlanta-based monthly has raised $166,000 in donations. The magazine focusing on music, film and culture is struggling after a sharp decline in advertising revenue."

In an interview with Media Life, Jackson explained that the magazine has been able to drum up support by offering exclusive bonus tracks donated by artists like the Indigo Girls, Robyn Hitchcock, and The Decemberists.

Continue reading Music magazine raises cash with donations

Donald Trump's magazine closes

Donald Trump's magazine, the cleverly-titled Trump, has folded after two anonymous years of poor sales. Did anyone reading this know that there was a Trump magazine?

Apparently this was the Donald's third run at having a magazine and each time it's been a cash-burning machine, perhaps because people who are intelligent enough to be literate don't buy into his tower of hot air. Gawker reports that "Trump Magazine was launched in late 2007 as a joint venture by the Trump brand and Ocean Drive Media Group (now Niche Media Holdings LLC), targeting affluent readers in major U.S. markets. The quarterly magazine saw early success, cashing in on the booming advertising market for yachts and other high-end commodities."

Continue reading Donald Trump's magazine closes

Playboy going bi-monthly or quarterly?

Playboy Enterprises (NYSE: PLA) reported another bad quarter yesterday, as Steven Mallas reported. It's no secret that Playboy is struggling because of changing demographics and the economy, but the post-earnings release conference call included another bombshell: The monthly magazine that was founded in 1953 may not be monthly for much longer.

The Wall Street Journal reports (subscription required) that "Playboy magazine, which has a guaranteed circulation of 2.6 million, this summer will combine its July and August issues to save money on printing and distribution, a move it says could be a precursor to a permanent curtailing of frequency."

Continue reading Playboy going bi-monthly or quarterly?

Is Tim Geithner really one of the 50 Most Beautiful People?

People revealed earlier this week that Treasury Secretary Tim Geithner made its closely-watched list of the 50 Most Beautiful People.

Beautiful? Really? 50 Most Beautiful Treasury Secretaries perhaps -- but only because Hank Paulson looks like a rodent and Robert Rubin looks like the dad in that Twister Sister music video. Business Insider found time to do some digging and uncover the makings of a scandal. Joe Weisenthal reports:

Continue reading Is Tim Geithner really one of the 50 Most Beautiful People?

Condé Nast closes Portfolio

It's a sad day for business journalism. Conde Nast announced that it is shuttering Portfolio, the glossy monthly business magazine launched two years ago and the accompanying web site, effective immediately.

What's so sad about this is that the magazine's failure appears to be a direct result of the soft economy and weak ad spending. For my money, Portfolio was the best business magazine going -- infinitely better than Fortune and Forbes.

Continue reading Condé Nast closes Portfolio

Layoffs at 'Scientific American' show depth of ad meltdown

Ad pages have been falling throughout the magazine publishing industry, and titles have been shut down at a breakneck pace this year, with newspapers not far behind. Some titles seem immune to the problem; or, at the very least, the lesser of many evilly-immense decreases. Scientific American, as a unit of book publishing juggernaut Macmillan, was one of those at only an 18.1% ad page decline in 2009's first quarter. And the title, 164 years old, has weathered many storms in the industry; it's as solid as an oak.

Yesterday, news of a reorganization had industry onlookers worried that a few employees would be let go. By the end of the day, media watchers were shocked as Editor-in-Chief John Rennie, who's held that role for 15 years, and at least 20 other employees were laid off.

Continue reading Layoffs at 'Scientific American' show depth of ad meltdown

Magazine ads plunge 26% in first quarter -- cause for worry?

Yesterday, I blogged about the catastrophic decline in advertising in the nation's newspapers and now Publisher's Information Bureau reports that the magazine industry is facing a similarly bleak situation. It's not surprising given that the key drivers behind declines -- a shift toward the internet by readers and weak consumer spending leading companies to cut back on overall ad spending -- are the same.

For the first quarter, magazine ad pages were down 25.9% over the prior year quarter. U.S. News & World Report, plunged almost 69% and Wired was down 57.2%. Boating, Sporting News, Boating Life, Sport Fishing, Power & Motoryacht, and Power Cruising were all down over 50%.

Continue reading Magazine ads plunge 26% in first quarter -- cause for worry?

Can magazines get away with price increases?

With circulation declining in large part due to the huge amount of free content available on the internet, some magazine publishers are adopting what seems like a counter-intuitive approach to competing: raising prices.

Magazines like Time, Newsweek, Business Week and even the upmarket New Yorker have long relied on low subscription prices to attract large numbers of subscribers, which in turn attracts advertisers. But the New York Times reports that The Economist has raised its price substantially of late and is still continuing to buck the trend of declining circulation. That has other publishers taking notice, and many are planning to increase their subscription and newsstand rates, after years of falling prices.

Continue reading Can magazines get away with price increases?

Customized magazines: Another dumb idea from a dumb industry

Time Inc. is planning the launch of an experimental customizable magazine called "mine."

The Associated Press reports that "The magazine is free, but the print edition is limited to the first 31,000 respondents, while an online version is available for another 200,000." Here's how it works: You pick five titles from a list of Time, Sports Illustrated, Food & Wine, Real Simple, Money, In Style, Golf, and Travel + Leisure. Then "mine" editors decide which stories from each will make it into your customized magazine.

Continue reading Customized magazines: Another dumb idea from a dumb industry

Reader's Digest launches three new magazines

With so many magazines folding, this might seem like a strange time to go ahead and start three new ones.

Especially when you have an enormous debt load that is rated as junk by Standard & Poor's and Moody's. But Reader's Digest is launching three new magazines. Back in January I wrote about the launch of Pastor Rick Warren's new magazine, and now Reader's Digest is adding another two to the line-up.

Fresh Home debuted on Monday with 300,000 copies and a focus on lower-end decorating ideas for women and families. The idea is apparently that Ikea-based decorating ideas will be more recession-friendly than Veranda but in truth there hasn't been a shortage of budget decorating magazines in a long time. Add in the recent collapses of Country Home and Domino and it's hard to see any good omens for this one. Best You is a health magazine and will debut next month.

Continue reading Reader's Digest launches three new magazines

Washington Post Q4 earnings preview

Washingron Post Q4 Earnings PreviewTomorrow morning before the bell, The Washington Post Company (NYSE: WPO) will have its chance to impress Wall Street when it reports its fourth quarter numbers.

Going into tomorrow's announcement, analysts are expecting the company to show earnings on the quarter of $8.17 per share. Should the company hit this estimate, it would be a decline of 16.5% from its reported $9.79 during its fourth quarter 2007.

Continue reading Washington Post Q4 earnings preview

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Last updated: May 21, 2012: 01:15 AM

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