PPA Conference 2010: GNM leader charts the erosion of magazines

LONDON - Magazines have a long way to go in making the transition to digital, and in future there will be fewer titles in circulation, warned Tim Brooks, managing director of Guardian News & Media today.

PPA Conference 2010: GNM leader charts the erosion of magazines
PPA Conference 2010: GNM leader charts the erosion of magazines

Talking at the PPA conference today, Brooks opened with a "brutally honest assessment" of the state the industry now finds itself, noting that its ad share had slipped by 16% since 2007.

He used the latest figures from UKOM to highlight the battle traditional magazine publishers now face to stay relevant in the digital age.

He said last month's aggregated audience of the top 20 selling magazines in the UK totalled 4.2 million people, compared to 5.2 million people for The Guardian alone.

Brooks, who was a magazine publisher for 25 years including senior roles at IPC and Emap, noted in contrast that both advertisers and consumers were shifting very rapidly from print to digital.

He added: "I don't really think this is a battle for consumers' money, but much more importantly it's a battle for consumers' time."

He said "in future there will be fewer magazines" and the brands that survive will be multi-platform.

The managing director's reach argument continues the ‘chasing of eyeballs' philosophy that has seen the Guardian become the second-largest English-language newspaper in the world, despite being only the eighth largest, in terms of print circulation, in the country.

Later in the session he predicted that News Corporation's strategy to erect paywalls would make The Times' website a "very lonely place".

He called the move instigated by Rupert Murdoch "a strategy to defend his print subscriptions" although he refused to rule out the Guardian ever adopting the approach if commerciallly successful.

Brooks said: "We believe in charging consumers in places where they are happy to pay. Those places are WH Smiths and the iTunes store. They are very unhappy to pay on the internet."

While recognising the ability magazines have to bring people and communities together, he warned that "digital is not constrained by frequency".

He concluded his presentation by urging magazine publishers to ask four fundamental questions about their current business for future survival.

He said: "Do we have the digital talent that we need? Does that talent have a strong enough voice? Do you have the organisational appetite for profound and ceaseless change, because that's the future, and, finally, do you have the humility to recognise the strength that you face in the digital environment?"

More from the PPA Conference

Publishers warned 'Apple expect to make money off our backs'

Future chief says magazines will become 'collectable artefacts'

Publishers divided over value of UGC

Publishers struggling to generate revenue from apps

Bauer shifts away from ad-funded models for online brands

Facebook executive admits site's privacy failings

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Philips launches juicer video campaign with Louis Smith

Philips launches juicer video campaign with Louis Smith

Philips is unveiling an online campaign starring the Olympic gymnast Louis Smith, aimed at encouraging people to ditch bottled juice in favour of making fresh juices at home.

Share
Facebook IQ study chimes with IPG Mediabrands report

Facebook IQ study chimes with IPG Mediabrands report

Hanna Chalmers, international research director at IPG Mediabrands' Initiative, finds parallels in the group's global study of 10,000 millennials in 19 markets and the Facebook IQ report, 'The Coming of Age on Screens'.

Share
ZenithOptimedia loses £200m O2 business to Havas Media without a pitch

ZenithOptimedia loses £200m O2 business to Havas Media without a pitch

Publicis Groupe's ZenithOptimedia's estimated £200 million European media business for O2, including the £50 million account in the UK, has been snatched away from them, following an intervention from Havas Media stakeholder and Vivendi chairman, Vincent Bolloré.

Share

Get news by email