Heading your way via regular mail on Tuesday, Mar. 20 is our newest edition of Nebraska Trucking Association’s awesome bimonthly magazine, Nebraska Trucker. Check out the cover: Recognize him? That’s Mr. Kent Grisham, the new president & CEO of NTA and he and his leadership team have many great things to report…
MPG’s first edition of Maryland Automobile Dealers Association’s quarterly magazine is coming soon! The deadline to reserve space is April 2, 2018.
If you care about earning the business of automobile dealers throughout Maryland while remaining top-of-mind of your existing customers, then InGear is where you will want to be sure to place an ad!
Not sure what to put in your ad? We are here to help you. And we’ll do it at no charge to you. Just email our publisher at firstname.lastname@example.org and she’ll get you started on your way to an amazing print ad promoting your corporate message.
Meanwhile, here’s a sneak peek at a sample of our complete redesign…
Print Is Still Big Business in Magazine Media
Far from dead, print continues to be a critically important product for publishers.
The last decade has seen massive shifts in magazine media, in part due to digital publishing startups that are competing by creating innovative (and cheap) products that aim to stay a step ahead of ongoing disruptive forces. Worse, the rise and scale of the duopoly has left most publishers fighting for virtual table scraps.
Many content producers responded aggressively with a (often ill-advised) “pivot to video,” while others are leaning more on social channels, where the rules continue to change. Still, despite the perception by some that print is dying and digital is the only way to survive and thrive, there are publishers who still recognize value in print.
After all, print continues to generate the largest chunk of revenue for most legacy publishers. Print advertising accounted for 62 percent of the $16.6 billion in magazine advertising revenue in fiscal year 2016, according to PwC’s most recent research, and 87 percent of circulation revenue came from print products.
“We see it as print and digital; not print or digital,” says Jon Werther, president of Meredith’s National Media Group.
At Meredith, print revenue accounted for two-thirds of overall advertising revenue, and circulation represented 30 percent of revenue in 2017, making it the company’s second-largest revenue stream.
“The old trope that print is dead is just lazy thinking,” says Linda Thomas Brooks, president and CEO of the MPA—the Association of Magazine Media.
While many ad dollars that were previously allocated to print will almost definitely not bounce back to pre-recession (and pre-mobile) totals, brands still want to invest in print campaigns, and continue to believe in the power of the medium to get their message across.
“There is so much innovation that you can still bring to the magazine part of the business,” says Chris Mitchell, chief business officer for the Condé Nast Culture Collection. “For a while we were so focused on innovation equaling digital that we as an industry didn’t put quite enough of our brain power into how we could integrate the businesses and the delivery of magazines.”
The Data Play
The ability to use big data to prove the value of print advertising has become even more important as publishers find themselves competing with data-rich digital rivals. Print publishers have responded with hard numbers of their own. Meredith, for example, uses the Meredith Sales Guarantee to measure and guarantee the incremental sales impact of advertising in print, digital and cross-platform. In every case, advertisers have seen a positive ROI and increase in sales, and the company plans to roll out the program to cover it’s recently-acquired Time Inc assets, Werther says.
Bauer Media—where more than three-quarters of revenue comes from print—uses GFK MRI’s Starch research data to show advertisers how it can help them meet their marketing goals.
“Because readers are making an active purchase decision the day they read the magazine, we provide outsize reader engagement that we can very convincingly demonstrate with third-party data,” says Steven Kotok CEO of Bauer Media Group USA. “And because our readers are retail shoppers who encounter and purchase our products in a retail environment, we are uniquely able to activate retail consumer purchases.”
Focus on Frequency
Some titles have made changes to their frequency in recent years in an effort to align issues with events and both reader and advertiser demand rather than simply with a traditional calendar. While Vanity Fair did not reduce its number of issues out each year, slight calendar shifts have made its print magazine more profitable, Mitchell says.
For example, instead of putting out both a December and January issue of Vanity Fair, the publisher now pushed the January issue up a few weeks and labeled it a “holiday issue.” A “summer issue” combines the July and August issues, and allows an extra issue in February tied to awards season.
“You’re talking about newsstand dates that might be 26 or 27 days apart in some cases instead of 31 or 35,” Mitchell says. “They’re imperceptible shifts in the amount of time it sits on the newsstand or when the subscriber gets their copy, but to the advertisers, who has more finely tuned needs, it makes a difference.”
That success inspired changes at W magazine this year, which will reduce its number of issues from 10 to eight per year. Rather than labeling them by month, each of the eight “volumes” will have a specific theme tied to the seasonality of fashion.
Bauer Media is also making changes to the frequency of its magazines, but has taken the opposite approach, opting this year to increase the print frequency of four titles. Since much of the company’s revenue reflects newsstand sales, increasing the number of issues sold in a year increases profit.
While many digital-first media companies are struggling to convince readers to pay anything for online content, print magazine publishers are enjoying the ability to increase the price of their product without alienating their loyal base. “We raised prices on most of our products in 2017, and our ability to do that was a direct outcome of everything else we do right for our audience,” Kotok says.
In recent years, Condé Nast has also had success with price hikes on some of its magazines, including—notably—The New Yorker. The cost of a print subscription to the magazine has increased from $59.99 in 2015 to $109.99 this year (after an introductory offer of $12). The increases have apparently not slowed subscriptions, which have grown at double-digit rates every year for the past five years.
That success has inspired similar moves at other titles in the publishing house. Part of the shift to eight volumes from W this year, will also include a price increase of $2 per issue to $9.99 each.
SIPs Continued Growth
The market for Single Issue Publications also appears willing to pay much higher prices for such magazines. Last year, Trusted Media Brands sold many of its “megazines” for $12.99, more than double the price of most of its other magazines.
“People really like the single topic thing,” says Alec Casey, chief marketing officer for Trusted Media Brands, which sees about 70 percent of its revenue come from consumers. “It’s a smaller investment than what you’d pay for a book, but bigger than a magazine. If you know you’re going to like the topic, you’re willing to spend a little more.”
Bauer Media is also enjoying a boon in consumer interest in SIPs. The company produced seven of them in 2016 and 17 last year. In 2018, it expects to more than double that number, sending 41 SIPs onto newsstands under various titles.
Reducing Friction for Renewals
Our marketing efforts on our websites and through emails and social media are making up a bigger portion of how we sell print subscriptions today.
While digital disruption has created plenty of headwinds for print magazines, one bright spot is that consumer-marketing trends now make it much easier for consumers who want to renew a subscription to do so quickly and easily.
“Our marketing efforts on our websites and through emails and social media are making up a bigger portion of how we sell print subscriptions today,” Casey says. “We have made the user experience much better. We’re not asking you to fill out a ton of forms to get a subscription now. We’ve really streamlined the process.”
The shift to more digital sales reflects the ability of companies to easily and securely store customers’ credit card information for future use, or to complete a transaction with a few taps on your phone. It also reflects a broader acceptance of subscriptions models in general.
“We now have a lot of digital companies that are subscription based that have trained the consumer for short-term trials and renewals,” Mitchell says. “It’s everything from Netflix to Apple Music. I bet in the next few years, because of those outside companies, you’re going to see an acceleration of that innovation.”
Click here (or paste this URL into your browser) to view the newest completely redesigned spectacular edition of Virginia Trucking, Virginia Trucking Association’s Annual Magazine & Membership Directory! This cover is one of our all-time favorites in twenty years of publishing trucking magazines and promotions. We love it and hope you do, too!
Here’s the new cover of Maryland Motor Truck Association’s brand new 2018 Annual Membership Directory & Buyers’ Guide! Your printed edition will arrive to your office this week (if it hasn’t already done so).
If you’re interested in joining MMTA or would like to inquire about obtaining a printed copy for yourself, please let us know and we’ll facilitate that for you. Email our publisher at email@example.com for details.
We are VERY excited to share with you a sneak preview of the cover of our newest title in our MPG family of trucking magazines. Isn’t it spectacular? We can’t stop staring at it and have it posted all around us. Introducing, the new, improved and completely redesigned Virginia Trucking, the annual magazine and allied member buyers’ guide of the Virginia Trucking Association. KUDOS to our rock star team of professionals who made this all possible–you guys are AWESOME! And thank you, VTA staff and members, for putting your faith in us. We are thrilled to partner with you and to promote you, and we look forward to many happy years to come!
The printed edition of Tennessee Trucking News will arrive on your doorstep any day now, if it hasn’t already. Here is the digital edition for your reading enjoyment.
We are please to introduce you to American Trucking Associations’ newest chairman of the board and long-time, active Tennessee Trucking Association member, Mr. Dave Manning of TCW.
In addition to our cover profile on Mr. Dave Manning, check out the awesome editorial line up in the newest edition of Tennessee Trucking News. You’ll learn more about ELDs and how they interface with IFTA and IRP; ATRI’s top industry issues and analysis; TTA’s Road Team activities and our Member Spotlight on Mr. Greg Shipman of Vertical Alliance Group. Enjoy!
You’ve already received your printed copy of Nebraska Trucker’s newest edition (unless you’re not on our mailing list, in which case please PM us to request your own copy)… Now here’s the digital version.. Check it out–you’ll be happy you did!
Additionally, be sure to check out our Member Spotlight this edition on Mr. Hugh Fugleberg of Great West Casualty who recently retired.
Presenting the newest edition of Maryland’s only statewide magazine dedicated to the transportation executive, Behind the Wheel, hot-off-the-press! As you check out this digital edition, more than 8,000 trucking executives and suppliers to the industry, as well as key regulators and elected officials, are doing the same with their printed editions now.
Mr. Matt Ritter of Ritter Companies, Maryland Motor Truck Association’s new chairman of the board, is featured on our cover and center spread with a look inside his world you won’t want to miss. Additional editorial coverage consists of an in-depth look into driver recruitment and retention strategies, cyber security and a recap of MMTA’s recent annual business conference.
CLICK ON THIS LINK: http://online.anyflip.com/ejlw/jniu/mobile/index.html#p=1
We’ve recently published the Q3 Fall 2017 edition of Tennessee Trucking News for Tennessee Trucking Association and are thrilled to share it with you here! Editorial content covers congestion, distracted driving, TTA’s Road Team, a member spotlight on Mr. Jim Biggs of Advanced Ergonomics and coverage of TTA’s Annual Convention held last month. Happy viewing!