BusinessWeek magazine: The most-read source of global business news
SEARCH SITE

Advanced Search
Top News BW Magazine Investing Asia Europe Technology Autos Innovation Small Business B-Schools Careers BusinessWeek Channels : BW Magazine, Daily Briefing, Investing, Asia, Europe, Technology, Autos, Innovation, Small Business, B-Schools and Careers
 
 

Get Four
Free Issues

Register
Subscribe to BW
Customer Service


Full Table of Contents
Cover Story
Up Front
Editor's Memo
Readers Report
Corrections & Clarifications
Technology & You
Media Centric
Business Outlook
The Business Week
News: Analysis & Commentary



Washington Outlook
Global Business
The Corporation
Finance
Information Technology
Entertainment
Developments To Watch
Executive Life
Plus
Personal Finance
Inside Wall Street
Figures of the Week
Ideas -- Books
Ideas -- Outside Shot
Ideas -- The Welch Way




MAY 8, 2006
MEDIA CENTRIC

Smells Like Teen Progress
Condé Nast will let young women supply the Web content

If all goes according to plan, some months from now glossy-mag giant Condé Nast Publications will launch an interesting Web site for teen girls. By this I mean it may interest even the nonteenagers out there, because, according to executives familiar with the project, the site's content will be created not primarily by Condé Nast staffers but rather by its users.


This embrace by Condé Nast, which publishes Teen Vogue, of "user-generated content" -- the toothache-inducing term for the stuff a media outlet's consumers create, which I'll call citizens' media -- comes at a critical juncture. Magazines as a medium are still struggling, with ad pages flat in the first quarter and showing signs of slowing thereafter. Meanwhile, total Internet ad spending is predicted to surpass the spending at magazines this year, according to Merrill Lynch (MER ). But some intriguing Web-based magazine initiatives loom. It may be premature to call this the dawn of Digital Magazine 2.0, but at least in some quarters Digital Magazine 1.5 isn't wholly far-fetched.

Unlike newspapers, many magazines have moved slowly on the Web or essentially ignored it. Incredibly, video, which garners higher ad rates, is virtually absent on the Web sites of Time, People, and Entertainment Weekly. (Time Inc. says it is planning to put more video on its Web sites this year.) Wenner Media's Us Weekly, the ridiculously successful celebrity mag, has a Web site largely consisting of a blog, "sneak peeks" at the current issue, and a subscription coupon. Condé Nast's The New Yorker did not have a bona fide Web site until 2001, and Vanity Fair not until 2004.

FOR A TIME, THIS STANCE didn't matter. Most magazines are monthly and don't face the breaking-news, daily-product pressures that newspapers do. Back when banner ads were state of the art, it looked much more likely that newspaper classifieds -- not full-color glossy ads -- would migrate to the Web. Oops. In April, Hachette Filipacchi Media U.S. shuttered its teen title, Elle Girl -- on paper, anyway. The magazine is gone, but the Web site will be revamped and add staff. This shocked observers, since Elle Girl's circulation and ad numbers were still rising. But "the trend lines showed we weren't going to see the light at the end of the tunnel in the time frame we needed," explains Hachette CEO Jack Kliger.

An insider says newsstand sales weren't strong enough to make the business work -- and teen magazines have to refresh entire subscriber rolls every two or three years, an expensive and dicey proposition for an age group growing comfortable forgoing print altogether. This is why, if there is a magazine canary in the current media coal mine, it's teen titles. So Elle Girl is becoming a Web site. And Condé Nast will let its teen readers create content to a degree previously unseen. (Sarah Chubb, president of CondeNet, would not comment on the name or the general contours of the teen site.) Some new magazine sites already do this. Time Inc.'s Web-only play for young men, Office Pirates, allows users to share and contribute pictures and videos. So does Hachette's more graphic bid for the same space, ShockU.com, the online companion to its upcoming photo-heavy magazine Shock. (When I say Shock will be photo-heavy, think car crashes and cleavage, not National Geographic.) At both sites, submissions are vetted by editors to ensure nothing too risqué is posted -- which, as one executive points out, "neuters" the notion of citizens' media.

Magazine executives are, of course, following the money. It couldn't have escaped their notice that Google's (GOOG ) revenues, which come almost exclusively from ads, rose 79% in the first quarter, to $2.3 billion. (Read that sentence slowly.) But these executives are following it in smarter ways than they did before. The companies may be thinking that it's those confounded, print-forsaking teens who got them into this mess, but at least they're willing to let the kids show them the way out. To paraphrase a pal, magazines completely screwed up their digital strategies in the past. But some of these new initiatives -- they're not completely screwed up.

For Jon Fine's blog on media and advertising, go to down.hzvt.com/innovate/FineOnMedia
 READER COMMENTS





By Jon Fine
 BW MALL  SPONSORED LINKS
  • Energy Stocks Are the Place To Invest  Check out our top energy stock picks with in-depth information, free newsletter, and email alerts.
  • Free Investment Guide  Learn to invest smarter, safer, and better from Ameriprise Financial. Get your free investment guide today.
  • FREE Web Timesheet Software?  Track Time, Expenses & Mileage. Free web-based tool for payroll, billing, and project management! Eliminate billing and payroll chaos. Know your project costs. Talks to ADP, MSProject, Quickbooks, SAP & Peoplesoft. Free Whitepapers & Buyer's guide.
  • Capital One - Apply Now!  Medical loans up to 25K,start your treatment today.
  • Biotech Investing Secrets  Profit from the Biotech Boom. The time is right for biotech investing as healthcare spending is set to double over the next 10 years. Learn about how to pick the companies with the right technology, management and markets.
Buy a link now!

Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page

Back to Top



TODAY'S MOST POPULAR STORIES

  1. China's First Global Capitalist
  2. Am I in Heaven, or Am I in My Hotel?
  3. The 25 Best Affordable Suburbs in the U.S.
  4. How to Ease Workers' Worries
  5. Smashing The Clock

Get Free RSS Feed >>
  MARKET INFO
DJIA 12256.46 +62.30
S&P 500 1405.05 +8.34
Nasdaq 2444.23 +31.02



Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.


下载wenxue 网站建设|网站推广统计母婴用品 babyflash儿歌视频会议英语翻译 浙江视频人才网daoshop92898newsmusic