According to Mr. Magazine,
“The number of new magazine launches for the third quarter of 2008 exceeded that of the similar period of 2007 by 29 magazines. For the first time this year, the new magazine launches reversed the huge downturn trend that started with the third quarter of 2007 and continued throughout the first half of 2008.”
While this means that obviously those starting new magazines don’t believe the industry is doing as poorly as those in it do, it also means more competition for decreasing ad dollars. But, while most magazines that have passed their first birthday are worried, according to Media Life Magazines “Europe’s business elite has increased its readership.”
You may think this just means that the business elite are an older generation – but according to the survey that reveled these findings, those same people have “ramped up their consumption of news online,” but
“…they have not cut back on their consumption of traditional sources of news. Key among the reasons, believe the researchers, the print titles are portable, which fits well into an on-the-go lifestyle. But another key factor is trust. Those readers trust what they read in those publications over what they read online.”
This seems to be extremely positive. It means that there is a differentiation here between print publications and online media that is possibly, hopefully, a sign of a new trend that will filter down. It’s consumers consuming print (vs electronic media) BECAUSE it is print. Rather then reading the news on their blackberries or other small electronic devices they are reading it in print because of what print offers that online media does not: gatekeepers.