Magazines Look to TV…Again

With print media in decline, magazine companies are working feverishly to get a foothold in TV and video. Two that have been especially aggressive on this front are Condé Nast, which just started an entertainment division and hired cable vet Dawn Ostroff to run it; and Hearst Corp., which recently bought a 50 percent stake in reality TV mogul Mark Burnett’s production company. Publishers have tried their hand before, but failed to find a sustainable business. But now they say they’ve learned, the hard way, that the magazine brand and show have to be seamless to boost that brand awareness. Sadly, the content often doesn’t translate well to the screen. Publishers usually don’t own the show, so they miss the full benefit of selling ads into them, and when integrated sales are attempted, the platforms still tend to be bought separately. Failure can be embarrassingly public. Hearst’s joint venture with Lifetime parent A&E Networks—translating its women’s magazines into a network—flamed out in under six months. Its Real Life, an ambitious lifestyle show TLC cooked up with Real Simple, was scrapped after 15 episodes. “The last great effort at synergy was Talk magazine, and it just didn’t work,” says Michael Hirschorn, CEO and founder of Ish Entertainment and a former New York magazine editor. “Magazines are a great source of material, but they don’t bring in much money to the publisher. Unless you control every stage of the process, it’s hard to make a big profit in it.” One... Continue reading at 'AdWeek'

[ AdWeek | 2011-10-18 00:00:00 UTC ]

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