Publishing/Writing: Insights, News, Intrigue

06/23/2012

Print vs Digital magazine Format – Intriguing Decision


SmartMoney Mag – Going Digital Only ?

An intriguing decision, indeed, and this post looks into insiders’ analytical thinking and number crunching.

This post also peeks inside who’s who (and was) in the News Corp, Dow Jones, Wall Street Journal, Smart Money and Market Watch  hierarchy.

Smart Money, one of the largest monthly personal-finance magazines with a circulation of 813,730 last year, is going to cut its print version beginning in October, 2012, and expand its digital platform.

Why ? Well, the thinking, reasoning and data supporting that decision is explored by John Jannarone And WilliamLaunder in the Wall Street Journal:

SmartMoney Will Move to Web-Only Magazine 

Dow Jones & Co. said Thursday it will stop publishing the print version of SmartMoney, although it will expand the personal-finance magazine’s digital platform.

Dow Jones, a unit of News Corp., which also publishes The Wall Street
Journal, said it would add six new positions to SmartMoney.com’s editorial staff but eliminate 25 jobs related to the print edition production. The last issue of the monthly magazine will be September’s, available on Aug. 14.

“It’s clear that the volatility of markets and asset classes has increased the need for rapid delivery of personal finance intelligence, so we will be expanding our team and presence on the Web,” said Robert Thomson, editor in chief of Dow Jones and managing editor of The Wall Street Journal.

SmartMoney is among the largest monthly personal-finance magazines, with a circulation of 813,730 last year, compared with 818,526 in 2007, according to the Audit Bureau of Circulations. Rival magazine Kiplinger’s Personal Finance has a circulation of about 628,000 and Money has roughly 1.9 million readers, the ABC says. All three magazines have struggled to increase circulation in recent years.

The decision to halt publication of SmartMoney is one of the first major changes at Dow Jones since the arrival in February of Lex Fenwick as chief executive. In 2010, Dow Jones acquired from Hearst Corp. the 50% interest in SmartMoney it didn’t already own. Hearst and Dow Jones jointly launched SmartMoney in 1992.

More changes appear to be in store at Dow Jones. In an internal memo to employees Thursday, Mr. Thomson said there are other “just-approved expansion plans” for The Wall Street Journal but didn’t provide any specifics. Earlier this week, Dow Jones announced a reorganization of management and the resignation of Todd Larsen from his role as president.

Dow Jones said all content and tools from SmartMoney.com will become available on a new co-branded personal finance section on its MarketWatch.com financial-information site . In May, MarketWatch.com had 5.3 million unique visitors, up 50% from the same month of 2011. SmartMoney.com’s unique visitor count has increased 14% over the same period to 1.6 million people.

Write to John Jannarone at john.jannarone@wsj.com and William Launder at william.launder@dowjones.com

 

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1 Comment »

  1. With tools like peecho (www.peecho.com) its easy for publishers to focus on digital formats while providing print on demand. What do you all think, should publishers consider POD even as they choose to go mainly for digital?

    Comment by Gloria — 06/25/2012 @ 9:06 am | Reply


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