From these circualtion figures, I have found out that only Kerrang! has made a profit of 1.8% (and Classic Rock hasn't made a loss or profit), and the rest have made a loss of a considerable amount since last year;
- Metal Hammer has lost 4.3%
- Mojo has lost 6.2%
- NME has lost 17.3%
- Q has lost 10.7%
- Uncut has lost 3.2%
These are rather large losses, especially for leading magazines such as NME and Q. Although this isn't my music genre, this shows that magazines aren't doing that well. This could be down to a number of issues, for example, the genre may not appeal to a lot of people any more, their price may be too high and people on low incomes may not be able to afford the magazines or that they've simply lost interest in the contents of the magazines.
This is important for me because, even though this isn't my music genre, pop genre magazines may be going the same way (and it'll be unknown until they publish their curculation figures) so when producing a magazine I must find out the risks of what made these magazines lose numbers and see if I can stop it happening to my magazine.
Seeing as magazines aimed at my genre haven't yet posted circulation figues, I will look at the last two previous years figues to see if they have made a loss of profit.
- Top of the Pops magazine. In December 2008 its circulation figure was 119,739 however, in December 2009 it's figure had dropped to 107,576.
- Hot Press magazine. In December 2008 its figures was 19,387 however, in December 2009 it had also dropped to 18,394.
- Rolling Stone magazine. In 2004 its figures were 1,267,110 and in 2005 that had risen to 1,309,117.
(sources:
http://dezji.wordpress.com/2010/02/18/uk-music-magazine-circulation-figures-to-dec-2009/
http://www.magazine.org/CONSUMER_MARKETING/CIRC_TRENDS/16117.aspx)
This means that my magazine will be competing against things like the internet. People are turning to the internet for music information because it's quick to access, free and simple to understand. Also, if your first language isn't English you can translate it over the internet, which you cannot do with a magazine. http://www.magazine.org/CONSUMER_MARKETING/CIRC_TRENDS/16117.aspx)
Ways magazines get around this is by;
- Putting their magazine online. So not only is their a magazine you can buy, you can go online and get more up-to-date information.
- Having freebies in the magazines.
- Having 4 magazines for the price of 1. For example, OK magazine has three extra magazines inside it's main magazine.
- Making their magazine cover look attractive and interesting and making sure they have interesting subjects inside their magazine. People would buy a magazine if it was the latest news which the magazine claims can only be read in their magazine.
Rather depressing news but excellent research and well done on getting the hang of slideshare! Don't forget that many people now turn to the Internet for music news rather than buy a magazine... many magazines now have a website for extra goodies - look at some front covers? Is this something you could add to the front of your magazine to suggest that they will get more than just a magazine for their money? May also underline the need to get the look and content right, as magazines have to work hard to get attention?
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