http://www.foliomag.com/2013/hearsts-jumpstart-auto-group-partners-dealer-com#.Ud7LY1OYyKw
Hearst's Jumpstart Automotive Group, which
contains the Car and Driver, Road & Track and JD Power Autos brands, among
others, has partnered with Dealer.com to
allow the site's audience of car dealerships to market to Hearst's automotive
audience.
Dealer.com is essentially a digital marketing arm and website developer for car
dealerships across the U.S. The outfit runs digital marketing programs for
12,000 dealerships and its network of sites attracts about 36 million unique
visitors per month.
Under terms of the agreement, Dealer.com will be able to sell tier 3 display
advertising for local dealerships on Jumpstart's network of sites, which
attracts about 25 million monthly uniques.
-->
Thursday, July 11, 2013
ALM Eliminates Jobs
One of the after-effects of creating a
"digital-first" operation, as many publishers are doing these days,
is what to do with a sizable share of the employee base that's been dedicated
to the print products. In the case of legal information media company ALM, it's had to cut 35 positions among its
editorial and production ranks.
The cuts were made at the end of June and there were no associated print closures.
The official statement from Kevin Michielsen, chief operating officer of ALM, which employs about 800 people, claims that the eliminations were not a cost-cutting measure, but rather intended to streamline operations.
The cuts were made at the end of June and there were no associated print closures.
The official statement from Kevin Michielsen, chief operating officer of ALM, which employs about 800 people, claims that the eliminations were not a cost-cutting measure, but rather intended to streamline operations.
PCWorld Ends Print Version
After 30 years in print, the current August
issue of PCWorld will be the last, IDG announced today. The magazine will
switch to a digital-only format from now on.
There are 339,000 print subscribers, per the title's AAM audit report, and if they want it, they'll need to register online to receive the digital version of the title.
No staff will be impacted by the move, says the company, and the transition to digital is only for the U.S. edition of PCWorld.
There are 339,000 print subscribers, per the title's AAM audit report, and if they want it, they'll need to register online to receive the digital version of the title.
No staff will be impacted by the move, says the company, and the transition to digital is only for the U.S. edition of PCWorld.
CEO Confidence Rises Again
http://whattheythink.com/news/64429-ceo-confidence-rises-again/?utm_source=whattheythink&utm_medium=rss&utm_campaign=rss
The Conference Board Measure of CEO Confidence™, which had increased in the first quarter of 2013, improved again in the second quarter. The Measure now reads 62, up from 54 last quarter (a reading of more than 50 points reflects more positive than negative responses).
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “CEO Confidence, much like consumer confidence, posted a strong gain in the second quarter. CEOs are more upbeat about short-term growth prospects in most markets, including Europe, and expectations for India and China remained positive, but flat.”
The Conference Board Measure of CEO Confidence™, which had increased in the first quarter of 2013, improved again in the second quarter. The Measure now reads 62, up from 54 last quarter (a reading of more than 50 points reflects more positive than negative responses).
Says Lynn Franco, Director of Economic Indicators at The Conference Board: “CEO Confidence, much like consumer confidence, posted a strong gain in the second quarter. CEOs are more upbeat about short-term growth prospects in most markets, including Europe, and expectations for India and China remained positive, but flat.”
Ad Pages Drop 4.1% in First Half
http://www.foliomag.com/2013/ad-pages-fall-4-9-percent-first-half#.Ud8RRVOYyKw
The second quarter, which has been strong historically, marks the third quarter in a row that losses have slowed across the industry however.
Broken down by category, the health and wellness segment had a successful first half with Men's Fitness (36.1 percent), Women's Health (26.9) and Men's Health (24.8) each posting percentage improvements in the top 10 among all consumer magazines. Food titles also saw significant gains as Eating Well (46.5), Bon Appetit (25.0) and Food Network Magazine (15.4) were bunched near the top.
Print
ad pages are down for the eighth-consecutive quarter, but the pace of those
losses is slowing down.
Total
consumer magazine ad pages were down 4.5 percent year-over-year for the quarter
and 4.9 percent for the first half of 2013, according to the latest numbers
from PIB and the MPA-The Association of Magazine Media.The second quarter, which has been strong historically, marks the third quarter in a row that losses have slowed across the industry however.
Broken down by category, the health and wellness segment had a successful first half with Men's Fitness (36.1 percent), Women's Health (26.9) and Men's Health (24.8) each posting percentage improvements in the top 10 among all consumer magazines. Food titles also saw significant gains as Eating Well (46.5), Bon Appetit (25.0) and Food Network Magazine (15.4) were bunched near the top.
IDG Launches Ad Exchange
http://www.foliomag.com/2013/idg-enterprise-launches-ad-exchange#.Ud8QcFOYyKw
IDG Communications' Enterprise group, which includes Computerworld, InfoWorld, CIO and a number of other brands targeting the enterprise tech and IT market, has launched a private ad exchange, joining the ranks of other publishers, such as Hearst and Condé Nast, in an effort to tap into the growing programmatic buying market.
IDG Communications' Enterprise group, which includes Computerworld, InfoWorld, CIO and a number of other brands targeting the enterprise tech and IT market, has launched a private ad exchange, joining the ranks of other publishers, such as Hearst and Condé Nast, in an effort to tap into the growing programmatic buying market.
Media M&A Prices Hold
http://www.mediapost.com/publications/article/204331/media-ma-prices-hold-dollar-volume-drops.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+mediadailynews+%28MediaPost+|+MediaDailyNews%29&utm_content=Netvibes#axzz2Ya6RbCZY
Media and marketing acquisition deals -- and their relative pricing -- stayed the same for the first six months of 2013 versus the second half of 2012. But the total dollar volume declined significantly.
Investment banking advisory firm Berkery Noyes said there were 794 deals in the first six months of 2013 versus 800 in the previous period, the second half of 2012, with total volume declining 37% to $29.4 billion. In the first half of 2012, there were 853 deals with a value of 28.8 million.
The average price of those deals -- in terms of cash flow multiples -- stayed about the same versus the second half of the year, at 8.3 times the sales price. (It was at 8.0 for the first six months of 2012.) In terms of revenue multiple for those deals, the first half of 2013 rose to 2.1 times the sale price from 1.6 times in the second half of 2012.
Media and marketing acquisition deals -- and their relative pricing -- stayed the same for the first six months of 2013 versus the second half of 2012. But the total dollar volume declined significantly.
Investment banking advisory firm Berkery Noyes said there were 794 deals in the first six months of 2013 versus 800 in the previous period, the second half of 2012, with total volume declining 37% to $29.4 billion. In the first half of 2012, there were 853 deals with a value of 28.8 million.
The average price of those deals -- in terms of cash flow multiples -- stayed about the same versus the second half of the year, at 8.3 times the sales price. (It was at 8.0 for the first six months of 2012.) In terms of revenue multiple for those deals, the first half of 2013 rose to 2.1 times the sale price from 1.6 times in the second half of 2012.
The Changing Role of Magazines
http://www.minonline.com/news/22713.html
A recent study conducted by the VTT Technical Research Centre of Finland examined the role that magazines must assume in order to continuously be successful in this ever-changing world of technology and the internet.
According to VTT, it all starts with understanding the consumer, which will dictate how the product or service must be tailored and presented. When trying to reach a younger audience, which the study calls “digital natives,” magazines must take into account that this demographic has grown up with the internet as the main source of information and entertainment. Trends show that consumers spend more and more of their leisure time on digital media, but printed magazines are still used as a relaxing and “slow” media. Thus, magazines must be available through multiple platforms, including online or mobile forms, as well as hybrids using elements that enable seamless shifting between print and digital content. Already magazines are using technologies such as 2D barcodes and augmented reality to provide interactivity for readers.
A recent study conducted by the VTT Technical Research Centre of Finland examined the role that magazines must assume in order to continuously be successful in this ever-changing world of technology and the internet.
According to VTT, it all starts with understanding the consumer, which will dictate how the product or service must be tailored and presented. When trying to reach a younger audience, which the study calls “digital natives,” magazines must take into account that this demographic has grown up with the internet as the main source of information and entertainment. Trends show that consumers spend more and more of their leisure time on digital media, but printed magazines are still used as a relaxing and “slow” media. Thus, magazines must be available through multiple platforms, including online or mobile forms, as well as hybrids using elements that enable seamless shifting between print and digital content. Already magazines are using technologies such as 2D barcodes and augmented reality to provide interactivity for readers.
Wednesday, July 10, 2013
Stora to Record NRIs, Negative Impact on Q2
Stora
Enso will record non-recurring items (NRI) with a negative net impact of
approximately EUR 33 million on operating profit in its second quarter 2013
results. The NRI will have a positive tax impact of EUR 8 million and decrease
earnings per share by EUR 0.03.
The
NRI are:a negative NRI of approximately EUR 37 million due to restructuring provisions related to the streamlining and structure simplification project announced on 23 April 2013, which is intended to achieve annual fixed cost savings of EUR 200 million, with the full impact starting from the second quarter of 2014. As disclosed on 18 June 2013 when the conclusion of the second phase of planning the streamlining and structure simplification project was announced, non-recurring items related to the project will be recorded mainly in the second and third quarters of 2013.
a positive NRI of approximately EUR 11 million due to disposal of land by the Group's equity accounted investment Montes del Plata.
a positive NRI of approximately EUR 10 million due to relocation of the cartonboard machine from the closed Baienfurt Mill in Germany to the Group's equity accounted investment Bulleh Shah Packaging in Pakistan.
a negative NRI of approximately EUR 17 million due to classification of a commodity purchase agreement as a financial derivative, and resulting fair valuation.
Hearst Projecting Ad Growth for Fashion Titles
Fashion
magazines haven't yet closed their September issues in the hotly contested ad
page race, but Hearst is hoping to grab the spotlight ahead of its rivals,
revealing that Elle, Harper's Bazaar and Marie Claire will all break their own previous records this year.
“The
fashion and luxury world has come roaring back in spending in advertising,
particularly in print,” said Hearst Magazines president, marketing and
publishing director Michael Clinton. Economic instability in Europe and slowed
growth in Asia, he added, have led more high-end brands to focus their
marketing budgets on North America.
Hearst
estimated that Elle’s ad pages would be up 10 percent year over year to about
440 pages—making it the biggest single issue ever published by Hearst—on strong
beauty and retail business as well as tech. Marie Claire is expected to be up 8
percent, boosted by a 36-page addition of its fifth Marie Claire @Work insert.
New advertisers included Stuart Weitzman, Crest and TD Ameritrade. Hearst
didn't give an estimate for Bazaar, only to say it would be up in ad pages over
last year.
Elsewhere
at Hearst, Cosmopolitan's September issue, editor in chief Joanna Coles' first,
is projected to be up 26 percent. On the men’s side, Esquire’s advertising
increased more than 25 percent. Riding the luxury wave, Town & Country saw
gains across all categories for a 12 percent increase, adding new advertisers
like Valentino, Asprey and David Yurman.
Hearst Makes Key Appointments
Troy
Young, president of Hearst Magazines Digital Media, today announced the
appointment of Mike Smith to the new role of vice president, revenue platforms
and operations, and the promotion of Mike Dushane to vice president, product
development. The hires are part of the process to align technology, content
creation and advertising, enabling Hearst teams to build more engaging digital
media products and respond quickly to market opportunities. Smith and Dushane
will report to Young, and start in their new roles immediately.
Since
2000, Smith has been at Forbes, rising from chief technology officer of
Forbes.com to president of Forbes.com and chief digital officer of Forbes
Media. He was involved in all aspects of the business, including leading a team
at Forbes to create a programmatic sales operation, supporting the development
of advertising solutions and technology, and working with the editorial team to
deploy the Forbes.com contributor platform. Before that, he was chief
information officer at TheStreet.com and a director of information technology
at HBO from 1991 to 1999.
The Hearst Men’s Group named Lisa Boyars executive director, group
marketing. In her new role, Boyars will be responsible for the marketing teams
of Car and Driver, Popular Mechanics
and Road & Track. Since
2007, Boyars has been working for Condé Nast Media Group, rising from
integrated marketing director to senior director of client and marketing
solutions. She was a co-founder of Condé Nast Ideactive.
Reader's Digest Plans Turnaround
Upheaval has been a defining characteristic of RDA Holding Co. for the last
three years.
There have been two bankruptcies, the company's revenues have been
cut by more than a half a billion dollars and key business units have been sold
off. Three different CEOs have overseen the changes. RDA is now set to emerge from Chapter 11 in late July with about $100 million in debt. That's down from around $500 million at the time of the latest bankruptcy filing and $2.1 billion less than the first time around.
"If anything had taken away from [our core business] over time, it was just a lack of focus," Guth says. "I think there was an anecdotal view that the publishing sector in general was going to continue to decline and therefore we needed to do other things to offset that. There's nothing wrong with that philosophy—a lot of successful businesses have done that—but in our case, all those other pursuits accelerated the decline."
Part of Guth's strategy has been to divest those ancillary lines of business. Among other changes since he arrived, Everyday with Rachel Ray and Allrecipies.com were sold to Meredith in separate deals, 150 staffers were laid off and it was announced that the company would license its international operations.
The other part of the strategy has been in recalibrating its core.
Folio Q&A: Hearst's Mike Smith
Troy Young, hired in May to the new position of
president of Hearst Magazines Digital, has made some of his first moves in
organizing a management team for the division. In addition to promoting Mike
Dushane to vice president, product development, Mike Smith was just hired as
vice president, revenue platforms and operations. Smith arrives from Forbes,
where he was president of Forbes.com and chief digital officer of Forbes Media.
Here, Folio: checks in with Smith to see what his first priorities are for
building out the platform that supports the group's digital revenue-generating
efforts.
Men's Magazines Have Good First Half
Men's magazines were one bright spot in the decline of magazine ad pages in Q2 and H1.
Conde Nast saw some of the biggest gains among the major publishing
companies, with its GQ magazine reporting 302 ad pages in the second quarter, a
6.8% increase from the quarter a year earlier. Sibling Details turned in 192
pages, a 14.2% spike.
Hearst-owned Esquire had 253 ad pages in the second quarter, a 4.7% increase. Gains were also reported by Men's Health, part of Rodale; Men's Journal, part of Wenner Media; and Men's Fitness, the American Media Inc. title that introduced a redesign in May, aided by former Men's Health editor David Zinczenko.
Hearst-owned Esquire had 253 ad pages in the second quarter, a 4.7% increase. Gains were also reported by Men's Health, part of Rodale; Men's Journal, part of Wenner Media; and Men's Fitness, the American Media Inc. title that introduced a redesign in May, aided by former Men's Health editor David Zinczenko.
Williams-Sonoma Partners with Sherwin-Williams
http://www.oregonlive.com/hg/index.ssf/2013/07/sherwin-williams_williams-sono.html
Just when you thought there could not possibly be more choices when it comes
to paint, Sherwin-Williams
and Williams-Sonoma
have announced a new partnership resulting in Sherwin-Williams paints that
coordinate with Pottery Barn,
Pottery Barn Kids, PBteen and West Elm collections.
"Williams-Sonoma, Inc., and Sherwin-Williams are both committed
to helping consumers create beautiful, coordinated furnished spaces," said
Karl Schmitt, vice president, marketing, Sherwin-Williams. "Through this
exciting new partnership, we are making it easy for people to get inspired and
create their perfect space, whether they are shopping in-store, online or
through catalogs."
Hearst TV Sues Aereo
http://www.adweek.com/news/television/hearst-tv-sues-aereo-boston-over-copyright-infringement-151086
Hearst
TV, owner of WCVB-TV, the ABC affiliate in Boston, opened up a front in the
broadcast legal battle against Aereo TV.
Like
the suits filed by broadcast TV owners in New York, Hearst claims Aereo is
infringing on its copyright by retransmitting its signal without permission.
Magazine Ad Pages Decline
The
Association of Magazine Media has released its consumer magazine ad page data
for the second quarter of 2013, and again, print advertising continues to decline.
Advertising for the quarter fell 4.5 percent versus the year-ago quarter,
putting the total decrease for the first half of the year at 4.9 percent.
Some
of the hardest-hit magazine categories included financial titles (The
Economist, Bloomberg Businessweek, Forbes, Money and Harvard Business Review
all saw double-digit ad page drops on soft financial advertising), newsweeklies
(Time was off 16.8 percent, The Week, 22.7 percent) and thought-leaders like
The Atlantic, New York and The New Yorker.The publisher-submitted numbers come from Publishers Information Bureau, a service of MPA.
Condé Nast Rolls Out Vanity Fair Channel
In
March, Condé Nast Entertainment rolled out its first video series, from Glamour and GQ. Those
were followed by offerings from Vogue and Wired. Today came the fifth channel,
for Vanity Fair.
While earlier channels were heavy on the service quotient, the Vanity Fair programming slate is heavy on the pop culture and entertainment fare for which the magazine is well known.
"Our
goal is to bring Vanity Fair to life in a new medium," editor in chief
Graydon Carter said in a statement.
While earlier channels were heavy on the service quotient, the Vanity Fair programming slate is heavy on the pop culture and entertainment fare for which the magazine is well known.
Dolan Sells Two Business Services Assets
The company's NDeX South and NDeX Indiana platforms, regional mortgage default processing services, are being sold in separate transactions to separate firms, but will bring in a total consideration of $17.5 million, according to a statement on The Dolan Company website.
May Commercial Print Ships Fall
May 2013 US commercial printing shipments were
$7.01 billion, down -$317 million (-4.3%) compared to 2012, and down by -$417
million after adjusting for inflation (-5.6%). April printing shipments were
revised up by +$34 million, to $6.724 billion. May was the first month since
October 2012 to register more than $7 billion in shipments. For the first five months
of 2013, shipments are down -1.3%, -2.8% after inflation.
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