Zoomer magazine publisher reports first profitable quarter

[This post has been updated] ZoomerMedia has reported its first profitable quarter. In the three months ended September 30, the company -- which publishes Zoomer magazine --  had a profit of $ 2.33 million on revenues of $14.5 million. This compares with a loss of $561,142 in the comparable quarter a year ago.The results are a sharp turnaround from its most recent complete year, during which the

New crop executives dominate big four U.S. magazine companies

The Sunday New York Times looked at the turnover in management at the four largest U.S. magazine companies, noting that it will be the first time in a  decade and a half that they will all have new leadership. It's a story well worth reading.  ...There is little doubt that the next generation of magazine company executives is confronting a media landscape in which the margin for error is far

National Enquirer publisher American Media Inc. files for bankruptcy

American Media, the publisher perhaps best known for its supermarket tabloids National Enquirer and Star (as well as Shape and Men's Fitness) is entering Chapter 11 -- in other words, declaring bankruptcy.  The company said in a release that within two weeks, 80% of its creditors need to agree with a "prepackaged Chapter 11 filing" that would give the company 60 days to reorganize  under the

Major shakeup at Transcon Media

Major and game-changing management changes are being made at Transcontinental Media, Canada's largest consumer magazine publisher, with this morning's announcement that Jacqueline Howe, vice president and group publisher English Canada consumer publications in Toronto, and Marilyn Kielly, director, finance, will be leaving the company as their positions have been eliminated. There is a major

A major shift underway in attitudes about magazine pricing and value

Some magazines are realizing that they have consistently undervalued their products, to the point where readers could be forgiven for being confused about the value proposition. In another context, I have said how bizarre it is to price a magazine for less than it costs to buy a high-end greeting card.It has made less and less sense to give the whip hand to advertising revenue. A recent article

In line for the thrones at major U.S. magazine companies

Virtually all the big, U.S.-based magazine companies are facing a changing of leadership sooner rather than later and Advertising Age has a rundown on the possible heirs apparent at Time Inc., Hearst, Hachette and Conde Nast.