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  • Feb
  • 20

Magazine ABCs: Terminal Decline or Bright Digital Future?

ShortList_(magazine)_coverThere are relatively few surprises within ABC figures any more. Every six months we see print circulations decrease further and further for the majority of titles. As media continues to evolve and platforms proliferate and develop, there will be no end to this migration of audiences to other touchpoints.

Of course, there are a few success stories to trumpet. Easy Living in the women’s sector has seen its print circulation increase 7% year on year, partly due to its new ‘iPad-sized’ format and partly due to a policy of aggressive cover pricing. Esquire is thriving under new editor Alex Bilmes and delivering the near miracle of increasing news stand sales, and Style at Home is growing rapidly by tapping into the new priorities of the austerity-era home improver. And, of course, the freemium titles like Stylist, Shortlist and Sport continue to top the circulation lists.

But the overall picture is one of decline. Last week’s ABC figures revealed a 1.5% drop in the total print circulations of audited consumer magazines for the last six months of 2012. The Home Interest magazine market was down 2.2% YoY, the Travel magazine market was down 13.8% and the Bridal magazine market down a catastrophic 27% YoY. Only the men’s category as a whole remained static YoY and PoP.

ABC now publishes audited circulations for digital editions too, but for most publications, the tablet hasn’t yet proven the saviour that it was hoped to be.

Certain publications have fared well with digital editions – Cosmopolitan and Glamour in the women’s sector, Men’s Health and GQ in the men’s sector and Elle Decoration in the Home Interest sector, but for the most part, tablet editions haven’t covered the falls in print circulations.

But this situation is a little chicken and egg. Most tablet editions are flat, digital page-turning replicas of the print versions rather than all singing and dancing interactive editions.  Publishers are often reticent to invest because there’s no proof that the audience is there to justify the investment, but the audience may well not come if the quality of product isn’t there.

The problem may also be one of penetration, rather than of desire. Research from the PPA suggest that tablet ownership encourages trial of new publications and actual widens the overall reading repertoire – 52% of tablet owners have a magazine and/or newspaper repertoire, either in print or on tablet, which is wider than before they owned a tablet. And tablets editions are popular with advertisers too – as research has demonstrated tablet ads deliver greater recall than print and click thru rates that are stratospheric when compared to other forms of online display advertising.

So perhaps all publishers need to do is invest in tablet editions and wait for the audience to come. Penetration post Christmas may already be 30% and this is expected to grow to 46% by 2016 (eMarketer).  However, much of the growth is coming at the lower end of the market, which creates headaches for publishers in terms of designing for different screen formats and for varying levels of processor power.

For these reasons, we expect digital editions to grow in popularity, but production costs may escalate too and we don’t think tablet edition upsides will compensate for all of the print circulation shortfalls. The 2 major reasons for the falls in magazine purchase have been cost and lack of time, not problems that tablet editions can necessarily solve. And consumers can get the information they want from so many other free digital sources – the Mail Online for their celebrity gossip, various blogs and forums for fashion tips and advice – so long term decline in circulations is probably inevitable.

But that’s not to say that magazine brands aren’t influential and can’t become more influential.  The challenge for publishers is to leverage the power of their brands to open up new revenue streams, and that’s exactly what they’re doing.

They’re innovating to drive more revenue from their advertisers by offering more innovative formats like the first video ad in print run by Marie Claire for Dolce & Gabbana fragrance. AR and QR are now readily used in print making it come to life and increasingly accountable. Click to buy apps are becoming more prevalent in the fashion mags after the success of Cosmo Genie App and then last May, Reveal’s ‘See It Buy It’ app.

In short, the magazine industry is like the music industry 5 years ago – in a state of consumer-driven flux where old revenue models are starting to look outdated and new ones need to be invented.

Consumers are filtering content to become their own editors and as a result over the next year we will see more closures in the print market and a trend of magazines becoming available only in the digital format. Brands that prosper will be the ones that are strong and innovate and keep the focus on trust, investment and 1st choice for consumers.

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By: Karen Stephenson

  • Jan
  • 23

Can Stylist Revolutionize the Women’s Magazine Market in France?

stylist-magazineThe most significant development in the print media world in the past week was the news that Shortlist Media will be launching Stylist, their free fashion title for women, in France in the Spring of this year.

It will be distributed in ninecities from launch, including Paris, Lyon, Marseille, Bordeaux and Strasbourg, with a targetlaunch ABC of 400,000 copies per week. Alongside the print edition, Stylist will also exist fromlaunch as a full, interactive tablet version.

It will be distributed initially in 9 cities, including Paris, Lyon, Marseille, Bordeaux and Strasbourg, with a target launch ABC of 400,000 copies per week. The print edition will be accompanied by a fully interactive tablet version.

The launch is a joint venture with Groupe Marie Claire, the number one publisher of upscale women’s magazines in France. Between them, the partners have created a heavyweight launch team including Editor Aude Walker, previously of the Glamour launch team, Editor‐at‐Large Audrey Diwan, who is also a Glamour alumni having spend 9 years there as Culture then Features Editor, and Publisher & Managing Director Gwenaelle Thebault, previously Marketing Director of Group Marie Claire.

The success the Stylist sales team have had in luring initially sceptical French and Italian fashion houses into their UK edition, which now has a audited circulation of 431,000 copies, is probably the motivation behind the venture. Having done the hard work of convincing those brands of the value of advertising in a free magazine, a French edition offers an opportunity to secure further spend from them.

So the commercial reasoning is sound but can Stylist be the same roaring success in France it has been in the UK? Certainly, the Shortlist Media team have chosen the right entry strategy.

If you want to succeed in France, your venture needs to have a liberal dash of French involvement, so the partnership with Group Marie Claire is smart. What would have been an obscure British fashion title now becomes elevated by it’s association with the leading publisher of premium women’s magazines in France. It’s an approach that other publishers have adopted to gain traction in the French market.

In addition,the culture of free media in France, after a rocky start, is now firmly established with titles such as Metro France, Direct Matin and 20 Minutes. However, these are all newspapers so Stylist will be breaking new ground as a free women’s magazine. It’s competitors will no doubt be the free supplements that accompany the weekend press, such as Le Figaro’s Madame Figaro, and it will be interesting to see how Stylist fares against such titles and what impact it has on their sales.

The unknown is how French women will take to free fashion title. Will it editorial worth be perceived as less worthy because it’s free? For that reason alone, we’d advise interested fashion advertisers to wait and see.

We’ll certainly be watching the launch with interest. Mike Soutar, CEO and Co‐Founder of Shortlist Media, clearly sees this is the first of many international launches to come. If Stylist France can succeed, then we may see a flurry of international launches – an interesting development for existing Stylist advertisers who will see a cost effective opportunity to promote themselves beyond these shores.

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By: Karen Stephenson

  • Sep
  • 4

Women’s Magazine ABCs – Titles Need to Adapt to Arrest Decline

The women’s lifestyle sector is not holding up as well as it did in the second half of 2011, with the majority of titles recording declines. Actively purchased magazines have continued to fall with an overall year on year (YoY) decrease of -5.1% and period on period (PoP) of -3.4%.

More!, Company, Look, Hello!, Grazia and Glamour, were among the worst hit. However, freebie Stylist enjoyed positive results and Easy Living posted a stand-out performance, bucking the overall market trend.

Womens_Magazine_ABC_Figures_Jan_Jun_2012

 

 Just eight titles in the latest round of ABC analysis saw a YoY circulation uplift, only four posting PoP increases. Stylist, Easy Living and Image were the only titles to see a positive YoY and PoP change and there is great debate on the ongoing decline of this sector.

Flicking through one of June’s glossy women’s mags is like entering a time machine. The voice doesn’t seem to have evolved – it doesn’t acknowledge the way women speak now.  Sites like Twitter and blogs are a more contemporary forum for venting female topics, leaving many magazines having to invest not only heavily into reader research but also their ever expanding multimedia channels just to stay relevant.

Womens_Magazine_ABCs_YoY_Comparisons

Hearst UK tackled this issue head on with extensive research into how young women are now consuming the magazine market. This has had a huge effect on their revamped Company magazine (previously referred to as Cosmo’s little sister) and also the twice yearly and recently renamed The Edit. The research undertaken showed that girls were more interested in blogs and the more organic opinions that come from them. They no longer want to be told to buy the newest looks in season, but want to be inspired in how to mix new looks with what they already have.

Criticisms of magazines, particularly Grazia and Cosmopolitan, include how they project the idea that women should be constantly self-criticising and ‘improving’ themselves. Although these titles are written from the perspective of a best friend, who will help them out with these problems, consumers are actually feeling that they make matters worse. It seems that some readers have moved on from this style of writing and transitioned into the age of the blogs.

Reinforcing these findings, it seems as though the weekly magazine market’s appeal has waned, with historic favourites such as Grazia, more!, Hello, Reveal and Look being amongst the worst decliners for the season. It is evident that with the younger part of the population having to tighten their belts, and the ever-expanding availability of such content online, the target audience for these magazines are finding less and less reason to purchase these publications. Titles such as Ok! are beginning to adapt to the latest in celebrity trends to fight this transition – for instance, the invigorated interest in the Royals. However, longevity will ultimately come from adaption and extention into opportunities across other media.

Even with their 7.5% decrease PoP Abby Carvasso, managing director of Grazia magazine, has said that: “Grazia is the only title to tap into the upscale environment every week. That is its point of difference. The demand from advertisers is at an all-time high.”

Carvasso also justified the falls of more! magazine by saying the title had received no marketing or price-promotion in the six month period ahead of its re-launch in June, adding that the title will now be relevant to the people of today.

With so much competition from titles such as Look and also the revamp of Company magazine, it will be interesting to see how more! continues to try and outsell the competition. 

Ok! and Star’s decline has been attributed to a lack of investment, and not having brand extensions. Also, readers aren’t just after celebs – they want fashion and/or real life as well. The market continues to have its challenges but despite this, Ok! Magazine has maintained its position as the UK’s bestselling glossy celebrity weekly, selling over 36% more copies than Hello! at the UK newsstand. 

On the opposite side of the scale, free publication Stylist has moved into the top 3 circulating titles after increases of 1.1% YoY and 0.8% PoP. For the first time it falls into line closely behind the ever strong Glamour magazine, which still retains its crown in the number 1 position.  The primary reason behind this is that it’s managed to buck the trend of being a vapid fashion magazine and has successfully combined more attainable fashion and beauty with travel, lifestyle, witty columns and intelligent, original features. It engages with, instead of patronising, its readers so it’s no wonder their UK city expansion continues at a rate of knots!

Despite another fall in sales, Glamour is still holding on to the top spot with 470,138 copies sold in this period. Available in a compact, handbag-friendly size, Glamour manages to achieve the same things as its nearest competitor in the monthly arena – Cosmopolitan – but without the £3.40-odd price tag. Editor Jo Elvin has achieved a consistently casual and friendly tone throughout the magazine, really helping the reader to get to know the team and see them as ‘women like us’. The main strength of the magazine is the sense that it is a publication for your average modern woman. It is, in a sense, the perfect compromise between the fast fix weeklies and high-fashion publications.

Easy Living, however, has been the long awaited star of this season’s results and has seen the greatest increase of 17.1% PoP following the magazine’s redesign and arrival of new editor Deborah Joseph, supported by an extensive marketing campaign. It now has a broader array of beautiful and useful solutions for every aspect of modern living and is aligning itself perfectly with the  yummy mummy 50 shades zeitgeist under the guise of its new ‘@Passion’ section – expect sales to go through the roof!

At the slightly older end of the middle youth market, Good Housekeeping’s 8.8% decrease PoP caused its drop down the leaderboard. With this title, Hearst has adopted a multi-brand approach, including related products, books and the imminent launch of Goodhousekeeping.co.uk in September.  Woman & Home, which had been slowly climbing, also suffered a decline. This once more is attributed to the growing strength of ‘Generation Y not’ within the digital market and the older generation of women becoming more savvy and confident with new technology.

Overall for the close of 2012’s reporting we saw an underwhelming set of ABC figures  with only a handful of titles coming out victorious over the year.  The real interest for the future is the increase in digital editions, iPad and mobile and the reporting of those.  Magazines will need to ensure that they are speaking about all their touchpoints not just the paper format.

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By: Karen Stephenson

  • May
  • 14

Is NFC the Future of Interactive Out of Home?

As we’ve outlined previously, consumers are increasingly embracing out of home creatives that offer interactivity via smartphones.

A recent survey by Clear Channel and Posterscope backs up that finding.  Their study found that 23% of consumers had interacted with a poster advert using their smartphone – 2nd only to print adverts (28%). And they’re not only interacting – the survey found that they were enjoying the experience too (84% of those that had interacted) and recommending it to their friends too (72%).

At present, the dominant interactive technology is QR codes, with 2/3s of the sample having used them. This compared to only 20% who had used mobile barcode scanners (in 2nd place) and 7% that had used Bluetooth (in 3rd) to interact with ads.

However, one of the least used interactive mobile technologies, NFC – only 3% of the sample had used it to interact with advertising - is the one which arguably holds most potential for outdoor advertisers.

NFC, or Near Field Communications, is a wireless technology that allows individuals  to make transactions and exchange digital content with other NFC-enabled devices.  In 2011, just 5% of phones were NFC-enabled but a recent report released by MarketResearch.com predicted that by 2016 this figure would be up to 50%. 

The other problem with NFC is that it’s very little known – 2/3s of consumers don’t know if their phone has NFC and even 60% of smartphone owners who’s phone has NFC are unaware.

So why does a technology with low levels of penetration, low levels of awareness and low levels of usage offer such potential to out of home advertisers? Well, for a couple of reasons.

First of all, there’s the ease of use.  Just by tapping their NFC-enabled phone to the NFC-enabled poster when invited to do so, consumers can carry out a variety of actions from downloading vouchers to getting directions (e.g. to a local store) or liking a brand’s Facebook page. No need to download apps or take photographs with a phone camera as for QR codes.

Secondly, NFC is a technology that offers this potential almost exclusively to out of home as an advertising medium.  Digital out of home sites can be NFC-enabled – TVs and newspapers cannot.

But NFC’s greatest potential lies in its usage as a wireless payment technology. Combine this with NFC-enabled poster sites and you have an interesting possibility – the ability to purchase direct from a poster site. In fact, 57% of the Clear Channel/Posterscope sample would be prepared to purchase products from a NFC-enabled poster using their smartphone.

When this subject was further probed in the survey, there didn’t seem to be a product category that consumers wouldn’t consider buying from a poster – including clothing, beauty/personal grooming products and even flights. In fact, many saw the convenience of purchasing ‘on the go’ and then collecting the product in store or having it delivered.

However, before this vision is reached, NFC does have to overcome some barriers, and not just its lack of awareness. 30% of the sample wouldn’t use NFC-enabled poster sites – mainly because they weren’t convinced by the utility but also because of fears over security.

Nonetheless, NFC does offer some interesting possibilities to premium and luxury advertisers, not least the opportunity to turn billboard sites into microstores that deliver a tangible commercial return. There are some significant barriers to overcome before adoption becomes significant – even amongst affluent consumers who tend to be at the forefront of the adoption of new technologies – but for premium and luxury brands, NFC does appear to be a technology to watch very closely.

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By: Karen Stephenson

  • Apr
  • 16

Smart Device Owners Embrace Interactive Out of Home

71% of smartphone and tablet owners would feel more positive about a brand that invites interaction with their out of home advertising. 

That’s according to the latest ‘Interactive Europe’ survey released by CBS Outdoor and compiled by Kantar Media.

The quantitative and qualitative survey, which consisted of 9,000 respondents across 6 European markets, including the UK, found that 25-34 year old smart device owners were the most enthusiastic about interactive outdoor – 74% would consider interacting with an outdoor ad.  18-24s were the next most keen to engage with out of home advertisers (72%) followed by 35-44s (70%).  The least enthusiastic were the 45-54s, although almost 2/3s would still consider interaction. 

So the market is ripe for engaging with brands through their out of home advertising, but what technology should advertisers use to facilitate this?  And what sort of engagement should they be offering? 

The answer to the first of these questions isn’t clear cut. 

The most well-known technology amongst consumers was the QR code, with almost 40% being aware of it. However, only 13% had ever scanned one.  Promotional text codes in ads showed marginally higher levels of usage (c15%) but lower levels of awareness. 

New and cutting edge technologies that marketers often use to generate PR column inches were found to have both low levels of awareness and usage.  Hence, less than 15% of the sample were aware of augmented reality ads and less than 5% had used them. For the emerging mobile technology of NFC, the figures were even lower – just over 5% awareness and less than 2% usage.

Interactive_Technologies_for_Outdoor_Advertising

In fact, the most common action by smartphone and tablet owners when consuming out of home advertising was going online to get more information, which almost 1/3 of them had done according to the survey. 

However, simply linking a QR code or URL to a mobile-optimized site is likely to create disappointment amongst those who do choose to interact. The qualitative part of the survey found that mobile consumers wanted some form of reward for their actions – either in monetary terms, such as accessing online discount vouchers, or in terms of entertainment.  Clearly, smart out of home advertisers will offer a route for consumers to access functional information about the product or brand advertised but also a means for the consumer to engage with them in other ways.  

The growth of smartphone and tablet ownership has revolutionised offline advertising – bringing the mass audiences that traditional media can deliver but enabling advertisers to offer them the interactivity of digital media. And out of home offers a great fit for this new type of interactivity when targeting upmarket audiences due to it’s highly targeted and interruptive nature. 

However, no interactive mobile technology is dominant so when planning their campaigns, advertisers need to very clearly define their audience and their goals to understand which is appropriate. For example, a campaign aimed at distributing as many mobile discount vouchers as possible to encourage trial might be best to use promotional text codes. For one where takeup isn’t as key as word of mouth generation, more immersive technologies such as augmented reality could be appropriate. 

What is clear is that advertisers who’s only calls to action on a out of home ad are a Facebook logo and a mobile URL are missing an opportunity.

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By: Karen Stephenson