Thursday, February 08, 2007

Pause, replay and keep the 'Media Mashups' Forum debate going

After more than an hour and half, we hit ‘pause’ – not ‘stop’ - on the provocative 5th Journalism Leaders Forum discussion on the challenges facing traditional media in the Web 2.0 Age.

Amongst the many issues raised by the distinguished panel - Jane Singer, Alan Moore, Heather Hopkins and Mark Tungate – was this from Alan:

"Trust, engagement, connectivity, life-enhancement, life-simplification and navigation sums up magazines and their current success, not least through internet contact with their readers. Does this mean traditional [news] brands should look to [consumer] magazines as a template for the future?"

A look at the 2006/2007 World Magazine Trends report from the International Federation of the Periodical Press or FIPP (Fédération Internationale de la Presse Périodique) suggests he may have a point:

The [UK]consumer magazine industry was valued at £2,984 million in 2005, up by £135 million on the previous year. Consumer expenditure increased by 6.2% year-on-year to reach £2,157 million while advertising expenditure rose by 1% to £829 million. Total annual sales increased by 7% to 1,438 million copies per annum which means that since the year 2000, consumer magazines have enjoyed continuous year-on-year growth in both annual sales volume and purchasers’ expenditure. The number of consumer titles published rose by 42 to 3,366 between 2004 and 2005, the fourth consecutive year of growth.
So, why don’t you review an unedited recording of the Webinar here and post your comments on the Forum blog?

The 6th Forum is scheduled for 15 May 2007. We’ll post the details soonest.

No comments: