Seriously, someone’s been munching on a shitload of paste. In Q2 2010, 44 more magazines launched than in 2010. This means two things (1) people have more money than they did last year and (2) they have no clue what the fuck to do with it. The former makes sense, given that in Q2 2009, we were still reeling from the September 2008 financial crisis. So, it would make sense that, as we turn the corner, there’s more money floating around … and it’s looking for a home.
And the latter? Yeah, fools and their money and such.
I don’t know what would possess someone to launch a dead-tree edition in this (or any) market. Look for the giant flushing sound in a few quarters. It will be those new magazines getting pushed through the plumbing.
You know it’s bad when the newspapers are saying that the president’s afraid. A WashPo column on Sunday claims that President Obama, a “big newspaper junkie” is afraid he might not have the printed word at his disposal any more. If the big nationals and locals go where they’re expected to go, he’ll have to seek his news from the blogs.
The story quotes the prez:
“I am concerned that if the direction of the news is all blogosphere, all opinions, with no serious fact-checking, no serious attempts to put stories in context, that what you will end up getting is people shouting at each other across the void but not a lot of mutual understanding.”
Okay, we all know that the print industry is completely and totally screwed. Circulation is plummeting around the world … leaving ink jockeys little hope of keeping their jobs for the rest of their lives (which is really their only goal anyway). They may have hope, however, thanks to an unusual French bailout plan. Leave it to French job protectionism to set a model for the rest of the world. The folks at the NY Times – which rain this story – must be salivating right now.
When the world around you is falling apart, there’s only one thing to do: find a new world.
While Condé Nast’s Vanity Fair was in the grip of severe layoffs, the editor decided not to be the bearer of bad news, taking a vacation instead. The NY Post didn’t say if he used Gadling to choose a destination, but we’re all hoping he did. The total discharged from Condé Nast is believed to be greater than 450 this year, and there are likely to be more to come among the contributing editors. The sizeable cut at Vanity Fair is largely the result of Carter’s decision to generally ignore the order to cut 5% of the crew late last year.
I had a meeting today for a new travel gig. Nothing’s firm, so I can’t go into any details yet. I do have a pretty good feeling about it, though. It’s exactly the sort of project I want to take on right now, and it seems like I’d be a good fit. So, fingers crossed.
Look, it’s pretty obvious that the media industry turmoil is the result of print companies who have spent the past 10 years fucking around rather than putting together business models that could make money on the fucking web. Now, print companies are dying in droves, and the layoffs are endless. Sure, we’re losing a lot of mags that shouldn’t have existed anyway, but some classic books, like Playgirl, are becoming casualties as well. Okay, maybe Playgirl deserved to go, but some good ones are getting nailed.
The price increase at Gray’s Papaya does bug the shit out of me, even though it doesn’t price me out of the market. C’mon, $1.50 per hot dog is not a big deal. Nothing at all. But, it irritates me that they didn’t announce the price increase, as they have in the past.
I would have had my story up earlier, but a pretty big magazine expressed some interest and then bailed. So, after the jump, you’ll get the backstory, a cool hot dog price chart and links to other interesting articles on the price increase.