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A new doom for magazines: Smartphones

The good news: Ever since I purchased my first iPhone, I've never been bothered by long lines at the grocery store. By the time I've checked my email, Facebook, Twitter, ESPN and the New York Times online, I'm watching the cashier tote up my bill. No more boredom! Yay! Quality of life, enhanced!

The bad news: The Financial Times' Emily Steel has the scoop: Off-the-rack magazine sales are getting hammered by a world of smartphone-addicted people just like me. Profession of journalism, battered again!

Data released on Thursday show a big decline in single-copy sales of U.S. magazines at newsstands and retail outlets, amid increased digital competition and reduced retail space. Single-copy sales fell 9.5 percent to about 26.7 million in 2012 from the previous year, according to the Alliance for Audited Media.

"U.S. magazine executives," writes Steel, "call the habit the 'mobile blinder' after the vision-narrowing headgear worn by racehorses, and say the trend is wreaking havoc on the industry."

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