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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
![](http://www.dnjournal.com/images/gossip.gif)
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The
Carnage Continues: With the Web Continuing To Rise
Magazines Lost Millions of Readers Over the Past
Year
Over
the past few years
when
talking about how the Internet is siphoning
readers and viewers away from traditional media,
the focus has been on newspapers because
they have been hit the hardest by the rise of
the web. However, the paper's print media cousin
- magazines - have also had a hard time
holding on to their audiences as is illustrated
in a Media Daily News column that
Erik Sass posted Monday on Mediapost.com.
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Erik's
article broke out some key results from a Mediamark
Research and Intelligence
report that showed many individual magazine
titles losing hundreds of thousands of
readers each over the past year. The cumulative
loss across all titles was 22 million! Certain
categories were hit harder than others with
magazines about cars and celebrities
being among the biggest losers. Both
topics are covered extensively online of course,
especially celebrities whose lives are chronicled
in the most minute detail (and often in real
time) on one website or another, leaving most
magazine coverage a day late and a dollar shot.
In
the automotive field, Automobile
magazine readership plunged 21% (from 4.6
million readers in the spring of 2010 to 3.63
million this spring). A car magazine I subscribe
to, Motor Trend, also got whacked,
falling 12% (from a little over 8 million to
just over 7 million).
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Weekly
news magazines, as you might expect with so much
news content on the web, also took a seriousbeat
down. Newsweek, which seems to
change owners every other week, slid 12.8%
(from 15.25 million to 13.29 million). Time
(another title I subscribe to) fared better but
still lost 4.1% of its readers (down from
19.74 mllion to 18.93 million).
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While
the carnage was widespread, some titles still
managed to gain ground despite the ever growing
strength of the web. One of the biggest gainers
was Entrepreneur magazine which shot
up 34% (from 2.5 million readers to 3.36
million). That one doesn't surprise me a lot as
the brutal recession we have been going through
has forced many furloughed workers who couldn't
find new jobs to go into business for
themselves.
I'm
sure a lot of domainers aren't cheering Entrepreneur
magazine's success though. The publication
became something of a poster child for
over-reaching trademark interests through
their efforts to take domains that had the word
"entrepreneur" in the string away from
rightful owners of the generic term (in fact an
entire website at Entrepreneur.net
is devoted to exposing the magazine's bullying
tactics.)
Despite
there being some magazines that have managed to swim
upstream against the tide, you still
have to believe it's just a matter of time
before the inexorable growth of the web takes a
big chunk out of their hides, just as it has
done to so many other traditional media
outlets.
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(Posted May
24,
2011)
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