Magazines: the New Frontier for Outsourcing?
Pune, India, August 28, 2009 --(PR.com)-- The magazine segment represents a major chunk of the global print publishing market. With more than 100,000 magazine titles being published in the US and UK alone, the magazine publishing industry is huge in scale and operations. Each year, the US and UK markets sell upwards of 4 billion magazine copies. However, the industry is not without its share of problems. It faces a challenging operating environment, with changing consumption patterns and rising costs, intensified by recessionary influences.
The magazine market, like the newspaper market, is driven by a consumption cycle that is primarily determined by consumer and corporate spending. Consumer spending refers to subscriptions and reader base, and corporate spending refers to advertising. Data compiled by the American Publishers Information Bureau in April 2009 reports a 20.2% decline in ad spending compared to the previous year - the worst hit have been magazines in the automobile, finance, insurance and real estate categories. The rise of Web advertising has also added to publisher woes. Magazine publishers are now being forced to re-define their business models to address consumers’ changing preferences, rising costs, decreasing revenues and shrinking markets.
The ValueNotes report, titled "Magazines: the new frontier for outsourcing", analyses and evaluates the challenges faced by magazine publishers and how they may overcome them.
About ValueNotes
ValueNotes is a leading provider of business intelligence and research, with expertise across select domains and types of customer needs. Working with clients across the globe, we have significant understanding of international markets.
The ValueNotes Outsourcing Practice is one of the largest information providers on the outsourcing industry. The Practice uses a comprehensive, analytical framework providing fresh insights into the fast emerging and yet, complex outsourcing space. We extensively track the space through regular analysis of news and events, continuous primary research and contact with the industry. Additional information is available at www.SourcingNotes.com
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The magazine market, like the newspaper market, is driven by a consumption cycle that is primarily determined by consumer and corporate spending. Consumer spending refers to subscriptions and reader base, and corporate spending refers to advertising. Data compiled by the American Publishers Information Bureau in April 2009 reports a 20.2% decline in ad spending compared to the previous year - the worst hit have been magazines in the automobile, finance, insurance and real estate categories. The rise of Web advertising has also added to publisher woes. Magazine publishers are now being forced to re-define their business models to address consumers’ changing preferences, rising costs, decreasing revenues and shrinking markets.
The ValueNotes report, titled "Magazines: the new frontier for outsourcing", analyses and evaluates the challenges faced by magazine publishers and how they may overcome them.
About ValueNotes
ValueNotes is a leading provider of business intelligence and research, with expertise across select domains and types of customer needs. Working with clients across the globe, we have significant understanding of international markets.
The ValueNotes Outsourcing Practice is one of the largest information providers on the outsourcing industry. The Practice uses a comprehensive, analytical framework providing fresh insights into the fast emerging and yet, complex outsourcing space. We extensively track the space through regular analysis of news and events, continuous primary research and contact with the industry. Additional information is available at www.SourcingNotes.com
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ValueNotes Database Pvt Ltd
Nandita Harendra
+91 20 6623 1796
www.sourcingnotes.com
Nandita Harendra
+91 20 6623 1796
www.sourcingnotes.com
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