[HN Gopher] The Death of the Magazine
       ___________________________________________________________________
        
       The Death of the Magazine
        
       Author : pseudolus
       Score  : 64 points
       Date   : 2024-09-15 14:44 UTC (8 hours ago)
        
 (HTM) web link (www.honest-broker.com)
 (TXT) w3m dump (www.honest-broker.com)
        
       | xrd wrote:
       | It'll be interesting to see how substack tries to hold these
       | authors and avoids fading into the background. Their monetization
       | options are the best in the industry right now, but I wonder how
       | authors feel about the network effect they receive. I'm surprised
       | Chris Hughes didn't find a way to pivot New Republic to a
       | substack competitor somehow.
        
         | ghaff wrote:
         | There's just so much volume out there I subscribe to some
         | newsletters and podcasts but don't pay for any of them. There
         | just isn't a lot that is individually must have.
        
           | xrd wrote:
           | I subscribe to a ton as well. The production quality isn't
           | anything like NYT or Rolling Stone used to be. That's
           | probably coming. But it'll be interesting to find a sweet
           | spot in between tiktok videos and well written and
           | beautifully presented information. That's a hard place to be
           | consistently.
        
             | ghaff wrote:
             | NYT (and The Economist) are IMO pretty good but they're
             | expensive--especially relative to free. If I were in school
             | or just out of it, I probably wouldn't pay for them like I
             | did for Time and Newsweek when that was more or less your
             | source of news other than subscribing to the big city
             | newspaper or watching the evening news.
             | 
             | There are good magazines out there but overall there's been
             | a decline in quality and, at least in the
             | political/cultural arena, they're mostly some rich person's
             | pet project--though that was historically also the case to
             | some degree.
        
       | Apreche wrote:
       | A few years back I thought to myself hey, I used to love
       | magazines when I was younger. I've basically completely stopped
       | reading them or thinking about them. There are some with digital
       | editions that are very inexpensive to subscribe to. Maybe they've
       | got some high quality content really targeted to specific
       | interests that I'm not finding on the web.
       | 
       | So I went out to take a look at some magazines both digital and
       | print. It was immediately apparent why they are dying, and it's
       | not just because people read everything on the web for free these
       | days.
       | 
       | Every magazine I checked out was MOSTLY ads. Even during the
       | Super Bowl, the commercials will be less than 1/3 of the total
       | broadcast time. In the magazines the ads took up well over half
       | of the available pages. Who in their right mind would pay money
       | for that?
       | 
       | Magazines back in the day where nothing less than lavish.
       | Elaborate foldouts of maps and photos in NatGeo. In depth
       | strategy guides and customized demo discs on a monthly basis in
       | video game magazines. All that is gone. The modern day magazine
       | is a stack of ads with a few blog posts scattered throughout.
       | 
       | I'm going to guess it's some sort of death spiral. They lose
       | money to the web, so they had less to invest in content and had
       | to take more ads. That resulted in further loss of readership,
       | and so on.
       | 
       | I do believe that a highly targeted and extremely high quality
       | magazine can succeed in the present day. Of course the definition
       | of success won't mean selling millions of copies on newsstands
       | everywhere. It will mean having a loyal subscriber base that
       | provides a largely flat, but sustainable, flow of revenue.
        
         | ghaff wrote:
         | Magazines, especially trade press, always had a huge volume of
         | ads. We used to joke when I was a full-time industry analyst
         | that the computer trade press mostly formulaically (including
         | getting quotes from some analyst or other) was about filling
         | the "ad hole."
         | 
         | I do pay for a couple of expensive magazine/newspaper
         | subscriptions but mostly I just have so many other options that
         | I'm mostly not even going to skim a magazine cover to cover.
        
         | ryukoposting wrote:
         | > Every magazine I checked out was MOSTLY ads
         | 
         | I think you might be looking at this situation through rose-
         | colored glasses. When I was a kid in the 2000s, I loved reading
         | PopSci and I distinctly remember at least 30-40% of it being
         | ads throughout most of the magazine. And then, the last 20+
         | pages were _all_ ads.
         | 
         | Looking even further back, I've had to do some research on 90s
         | vintage computers lately, and every edition of PCMag I've dug
         | through has been _laden_ with ads. It 's even more packed with
         | ads than I remember PopSci being 10-15 years later.
         | 
         | Maybe it wasn't _mostly_ ads, but it wasn 't far off.
         | 
         | What _has_ changed is the annoyances ads cause. Online ads load
         | slowly, screw with the layout while you 're reading, and are
         | overall much more disruptive to the reading experience than a
         | print ad could ever be.
        
           | Kye wrote:
           | Yep. And the ads were often _good_. I read Popular Science
           | and Popular Mechanics growing up. The ads weren 't just some
           | bland spec sheet, they went into the technology or
           | engineering behind whatever it was advertising. The ads could
           | be as good as the articles. Simpler ads would at least try to
           | be clever.
        
             | ryukoposting wrote:
             | I do recall a handful of the full-page PopSci "back of the
             | mag" ads being articles in their own right, and sometimes
             | they were as well-written as the actual articles written by
             | PopSci. Although those were always the exception, rather
             | than the norm, I feel like that kind of thing is just gone.
             | 
             | That said, I wonder if it's caused by limits in the ad
             | delivery methods we use today, rather than some industry
             | wide lack of interest in making quality ads. I can't
             | conceive of how such an ad would be delivered through
             | Google, for example. Meta? Maybe.
        
             | ghaff wrote:
             | There are a lot of people here who react viscerally to any
             | advertising in any form. I'd point that Computer Shopper
             | was a huge magazine with some pro-forma often low-rent
             | writing that existed as basically a vehicle to deliver ads
             | to people who couldn't really get that information any
             | other way. PC Mag/Byte/etc. was higher quality editorial
             | but still had a _lot_ of advertising.
        
               | jhbadger wrote:
               | Indeed. As I recall Computer Shopper's articles were the
               | legally minimum percentage of the magazine to make it
               | qualify as a periodical rather than a catalog (US postage
               | rates between the two differed, with periodicals being
               | cheaper). We subscribed for the ads, but some of the
               | articles (like Don Lancaster teaching writing Postscript
               | manually to create figures) were interesting.
        
               | ghaff wrote:
               | You take what you can as a freelancer and I'm sure I know
               | a number of folks who wrote for a the magazine at some
               | point or other and did a fine job. But you certainly
               | didn't subscribe or buy issues for the articles.
        
             | musicale wrote:
             | Magazine ads don't bother me, especially if they're on-
             | topic (e.g. PC ads in a PC magazine.) I find ads in vintage
             | PC magazines to be particularly interesting and fun.
             | 
             | But web ads are typically obnoxious, intrusive, and off-
             | topic. Delivery formats such as pop-up windows and auto-
             | playing video are so disruptive that there are browser
             | settings to block them - settings which web advertisers
             | work tirelessly to subvert. The commercial web has become
             | unusable without ad blockers.
        
           | andyjohnson0 wrote:
           | > I think you might be looking at this situation through
           | rose-colored glasses. When I was a kid in the 2000s, I loved
           | reading PopSci and I distinctly remember at least 30-40% of
           | it being ads throughout most of the magazine. And then, the
           | last 20+ pages were all ads.
           | 
           | I was a nerdy kid in the early 80s, and when I wasn't hanging
           | out in computer shops and electronics junk shops, I was often
           | in WH Smith [1] browsing the sci/tech magazines. My
           | recollection is that they were pretty good in terms of
           | articles, and even many of the adverts were interesting. I
           | suspect this was because (before the net) it was hard to find
           | out about stuff that wasn't mainstream: so ads for telescopes
           | or chem kits or single-board computers seemed kind of exotic.
           | Electronics mags with pages of ads listing components were
           | _information_. And you could actually buy the RS Catalogue
           | there - which, while not a magazine, had so much interesting
           | stuff in it.
           | 
           | And a bit later, Computer Shopper with endless pages of
           | densely-packed ads listing ram chips and cpus and cmos logic
           | chips, and the ink that came off on your fingers...
           | 
           | So the ads were often an important learning resource back
           | then. At least for kids with limited resources like I was.
           | 
           | [1] National chain of newsagents here in the UK.
        
             | buggeryorkshire wrote:
             | Ha, I used to work at WH Smith HQ in Swindon. The warehouse
             | people used to nick the cover disks from the magazines and
             | sell them. And each loo on each floor had a fresh new porn
             | mag in the cistern!
             | 
             | Don't even get me on Tales of Farthing Wood which caused a
             | national shitstorm...
        
             | jll29 wrote:
             | Yes, paper catalogs had high information and education
             | content e.g. the Whole Earth Catalog in the US or the IKEA
             | catalog in Europe are cult items.
             | 
             | There are also different national prior probabilities for
             | reading magazines as a habit in different cultures: for
             | example, both the UK and Germany had a strong computer
             | magazine culture, whereas in the US there was less of it
             | (Byte and Dr Dobb's Journal being notable exceptions). The
             | German "c't - magazin fur computer technik" is still
             | Europe's largest computer magazine
             | (https://www.heise.de/ct). Europe also has comic magazines
             | by Disney (featuring Donald Duck, Mickey Mouse. & co.),
             | which never existed in the US, unlike the animation films.
        
         | timthorn wrote:
         | > Every magazine I checked out was MOSTLY ads
         | 
         | Ads were always a big part of it, and indeed pre-internet were
         | a reason to buy a hobby magazine. They carried value in a way
         | they perhaps don't any longer - not because the print ads are
         | different but because access to supplier websites + search
         | engines is more useful.
        
         | eszed wrote:
         | > a highly targeted and extremely high quality magazine can
         | succeed in the present day. Of course the definition of success
         | won't mean selling millions of copies on newsstands everywhere.
         | It will mean having a loyal subscriber base that provides a
         | largely flat, but sustainable, flow of revenue.
         | 
         | You've just described _The New Yorker_. (Full disclosure: I 'm
         | a loyal subscriber, even though I no longer manage to read
         | every word of every issue.)
        
         | wrp wrote:
         | I subscribed to magazines in the 1970s-80s and really felt I
         | was getting my money's worth. Sure, there was lots of ads, but
         | there was also lots of great stuff. I remember magazines
         | getting thinner, glossier, and more ad-laden in the 1990s so
         | that I just gave up on them. This happened mostly before the
         | Internet.
        
         | pessimizer wrote:
         | > Every magazine I checked out was MOSTLY ads. Even during the
         | Super Bowl, the commercials will be less than 1/3 of the total
         | broadcast time. In the magazines the ads took up well over half
         | of the available pages. Who in their right mind would pay money
         | for that?
         | 
         | The purpose of a lot of the trade press and hobby press is to
         | be an interesting carrier for ads. Literally a list of names
         | and addresses where you can buy things to improve your business
         | or improve the passing of your free time, a bunch of articles
         | talking about new ways to maximize your usage of the things in
         | the ads, and a bunch of articles joking about how goofy the job
         | or hobby and the people involved in it are.
         | 
         | Also important to mention that these are the magazines that are
         | doing the best. They're probably the only thing that people
         | will pay for. And they have to pay less for them, because of
         | all the ads and how well they deliver.
         | 
         |  _I want to see ads for oscilloscopes in my electronics
         | magazine._ I 'm also not so dumb that I think the ones
         | advertised will always reflect the best of the market, and to
         | think that the magazines don't have relationships with their
         | advertisers that affect them editorially. Because on the other
         | hand I know that a hobby or trade magazine knows that they're
         | risking their own reputation if they recommend stuff that
         | doesn't work or allow that stuff to advertise. Not like online,
         | where people have no idea what they're being paid to propagate;
         | it's being pulled from some algorithmic ad market _that no one
         | claims responsibility for._
        
       | timthorn wrote:
       | > Is there a single web magazine making big bucks?
       | 
       | The Spectator has been growing both in print and online. The
       | editor wrote about this, in the wake of the title's sale, this
       | week:
       | 
       | https://www.spectator.co.uk/article/the-spectators-new-owner...
       | 
       | > In this trade, there is always pressure to go for the digital
       | 'quick wins' (clickbait articles, advertorials, etc.) but we
       | rejected this as a false economy - so commercial that it's
       | uncommercial. It would take us downmarket, deform our character
       | and, ergo, reduce the company's value. So we went the other way,
       | using our success to double down on the magazine's finest
       | traditions in the belief that quality of writing matters above
       | all. We did a lot that went against the conventional digital
       | wisdom. We put together a different business model and a unique
       | way of working, based on close collaboration between all
       | departments and journalists equally comfortable with print,
       | digital and broadcast.
       | 
       | > When other publications were shedding sub-editors, we poached
       | the best ones we could find. When newspapers shrank their books
       | sections, we proudly kept Sam Leith's at ten-plus pages and gave
       | him a podcast. We created a research team who apply perhaps the
       | most robust pre-publication scrutiny on Fleet Street (mindful
       | that it matters more than ever that readers can trust the facts
       | they read). When other weeklies started cutting costs by not
       | printing over Easter and the summer, we put more effort than ever
       | into the issues released in those holiday periods.
       | 
       | > The digital temptations that can lure publications to their
       | grave ('The world has changed! Look at the clicks! Drop the opera
       | review!') are dangerous as they come dripping in what looks like
       | supportive data. You can end up not just being edited by
       | algorithm but stripping a publication of nuance, variety and
       | soul. Our belief was that if we innovated, and used the proceeds
       | to double or treble down on what makes The Spectator different,
       | we would maximise the value of the company as well as serve our
       | readers. Much of what we did could be seen as uneconomic on an
       | individual basis - but put it all together and you get a five
       | times valuation uplift.
        
       | agumonkey wrote:
       | This is an important piece. In the last decade a lot of what was
       | considered valuable has been thrown out. I saw them on streets on
       | monthly furniture disposal. Encyclopedias, books, tapes,
       | magazines, devices of all kinds. None of it seemed to matter
       | anymore. Yet I don't feel there's something equivalent that
       | replaced it. Wikipedia maybe but .. not really.
       | 
       | And the trend of "replace in-depth well paid work by cheap short
       | term attention catching hooks" keeps spreading.
       | 
       | It's very very strange to witness that kind of social waves.
        
         | VancouverMan wrote:
         | I don't think it's that surprising that such items are being
         | discarded today.
         | 
         | They might have had value at some point in the past, but they
         | probably haven't retained that value well at all.
         | 
         | For example, enough of the information in those encyclopedia
         | sets, non-fiction books, and magazines is probably now out-of-
         | date, invalid, wrong, or incomplete.
         | 
         | Most of the paperback books and magazines I've seen discarded
         | in boxes along sidewalks are merely previous generations'
         | equivalents of "cheap short term attention catching hooks" from
         | when such things inherently required more physical overhead.
         | 
         | A good chunk of those items probably weren't particularly
         | wanted to begin with, or are infeasible to keep now. No
         | replacements are needed or wanted.
         | 
         | Some of the books, tapes, devices, and other items were
         | probably given as birthday, Christmas, graduation, etc., gifts.
         | They might not have even been that useful to the recipients to
         | begin with. Physical gift-giving like that is less-common these
         | days in my experience, with gift cards and even cash replacing
         | physical items. A lot of items given as gifts in the past are
         | simply no longer offered for sale today, or are so cheap that
         | giving them can even be seen as insulting by some people.
         | 
         | Much of the new housing stock in places like Canada, Europe,
         | and even the US to a lesser extent are small apartments. A lot
         | of people just don't have space for items in general,
         | especially when downsizing or moving into a retirement or care
         | facility.
         | 
         | Enough of the items I see discarded are also damaged, broken,
         | or otherwise unusable, too.
        
           | agumonkey wrote:
           | For informational content, maybe, but on a larger level it
           | seems that nothing has value anymore. Makes me curious about
           | what disappeared in people's mind. I don't think spotify
           | replaces a set of LPs even though in terms of sound waves you
           | can have the same amount of bits.
        
         | Apocryphon wrote:
         | One would hope that all of these hardcopy texts at least get
         | digitized to be preserved on Internet Archive (and preferably
         | as many more backups as possible).
        
           | AlbertCory wrote:
           | mostly they are. newspapers.com has 1000's of papers (in
           | image form, not text, unfortunately) going back to the
           | 1800's.
        
             | JKCalhoun wrote:
             | Too bad it requires a subscription.
             | 
             | I have scanned old science books that I treasured as a kid
             | and uploaded them to archive.org.
        
               | AlbertCory wrote:
               | True. Maybe someday, they'll decide "This isn't
               | profitable enough!" and sell to Internet Archive.
        
           | ghaff wrote:
           | Honestly, a ton of stuff is digitally preserved. Far more
           | than happened historically. Sure a lot of things will still
           | end up in the bit bucket but we're still never going to
           | preserve _everything_ and it 's probably just as well that we
           | don't.
        
         | jll29 wrote:
         | My print edition of the Encyclopedia Britannica is one of the
         | best gifts I ever purchased for myself upon graduating from
         | high school.
         | 
         | The social pressure that makes youngsters watch TikTok cat
         | videos instead, mixed with instant gratification effects from
         | online media consumption (in contrast with the active reading
         | of a 150 page in-depth encyclopedia article on a topic) leads
         | to generations that are unwilling - and for lack of exercise
         | then also unable - to put much effort into anything, and to
         | value knowledge/expertise.
        
         | musicale wrote:
         | > Encyclopedias, books, tapes, magazines, devices of all kinds.
         | None of it seemed to matter anymore. Yet I don't feel there's
         | something equivalent that replaced it. Wikipedia maybe but ..
         | not really.
         | 
         | They were replaced with (sometimes inferior, but often cheaper
         | and more convenient) substitutes delivered via the web or
         | internet, often to smartphones, whose usage patterns tend
         | toward short-form, bite-sized "content" (as per TFA). Playback
         | devices (CD players, DVD players, radios, hi-fi audio
         | systems...) have been replaced by mobile devices and/or smart
         | TVs/streaming devices.
         | 
         | The brick and mortar stores that used to sell physical media
         | (bookstores, music stores, magazine stands, video stores,
         | software stores, etc.) are mostly gone as well.
         | 
         | Libraries are still around, but digital collections are
         | hamstrung by copyright law.
        
       | GlibMonkeyDeath wrote:
       | This is a great example of creative destruction. Back before the
       | internet took over distribution, it took a small army of
       | typesetters, graphic designers, printers, delivery services, etc.
       | to publish and distribute magazines. There was simply no way an
       | individual, or even a small group, could scale production and
       | distribution. The logical extension of the old model would be for
       | Google or Meta (who now own distribution) to hire staff writers
       | in order to improve ad revenue. So far, they don't think they
       | need it - turns out they can sell ads just fine with the low-cost
       | garbage spewed by your crazy uncle. We will see if the direct-pay
       | model of Substack has staying power before enshittification takes
       | over. I haven't found anything on Substack compelling enough
       | justify spending sometimes ~$10/month on a single writer.
        
         | jll29 wrote:
         | That's because the asymmetry of the one-way publication funnel
         | where we can only consume has been replaced by a more symmetric
         | ecosystem where users contribute content. Because they donate
         | their content to platforms, they make the platform owners rich
         | - they get the attention, so they also get the ad revenue, but
         | they don't need to pay for quality content because users are
         | just fine with (other) users' contributed content.
         | 
         | If there had been zero-install tools for self-publishing early
         | on instead of the centralized Facebooks and Mediums, perhaps
         | things could have gone differently.
        
         | AlbertCory wrote:
         | > I haven't found anything on Substack compelling enough
         | justify spending sometimes ~$10/month on a single writer.
         | 
         | Exactly. I might go for some package of 100 or so writers, with
         | only their best stuff that week/month. But the reality is, the
         | writers still wouldn't be making all that much money; not as
         | much as Ted is.
         | 
         | It would be similar to being in the chorus for a Broadway show
         | with Patti Lupone: she's making a whole bunch; you're at least
         | getting paid.
        
       | jzb wrote:
       | I feel like the author either has an enormous blind spot or is
       | intentionally failing to observe the fact that magazines exist in
       | a completely different landscape today than they did even a
       | decade ago, much less nearly 100 years ago (in the example cited
       | from "It's a Wonderful Life").
       | 
       | The cycle didn't start with publishers shrinking page count and
       | cutting back on long-form content - publishers started shrinking
       | page count and cutting back on content _after_ they started
       | losing money (at least in many cases).
       | 
       | Print publishers were/are competing for attention as much as
       | dollars, and there's so many other things that grab people's
       | attention. There's so many other sources of information.
       | Advertisers have many, many more venues and -- sadly -- they tend
       | to choose the venues that they can track over the ones they
       | can't.
       | 
       | I used to write for several print magazines in the tech space --
       | and I watched their ad budgets get hollowed out by online options
       | because (generally) buying ad space in a magazine is an act of
       | faith vs. "we ran this online campaign and we see we have this
       | conversion rate and can track that 1,023 people downloaded our
       | ebook and that this marketing 'touched' 75 accounts that closed
       | or renewed deals for more than $1m."
       | 
       | I love print. Love it. But I also have realized that, honestly, I
       | have very little time for reading the print magazines I subscribe
       | to. I subscribe to a few sci-fi print publications and they just
       | gather dust. I have a Mother Jones print/online subscription.
       | Usually the print version goes into recycling without ever
       | looking at it.
       | 
       | What is lacking here is any suggestion of a solution. He gestures
       | at the problem being cutting content, but then closes with a "we
       | need to work on building something else" without actually
       | describing the something else worth a damn.
        
         | bryanrasmussen wrote:
         | >publishers started shrinking page count and cutting back on
         | content after they started losing money (at least in many
         | cases)
         | 
         | I thought this was quite well understood which is why the
         | article says something like "you cannot fix sales problems by
         | decreasing the quality of your product" (too lazy to go find
         | actual quote)
        
           | ghaff wrote:
           | I think that's fair. To the degree that someone, somehow, is
           | willing and able to foot the bills, lots of people are
           | willing and able to work hard to put out a quality product.
           | Yes, some have an agenda to push that you may or may not
           | agree with, but a lot of the issue is money at the end of the
           | day.
        
           | jzb wrote:
           | That's overly simplistic, in this case. You're not going to
           | sell more buggies by making the quality of your buggy worse,
           | true. But you're _also_ not going to sell more buggies,
           | period, if everybody is preferring cars.
           | 
           | Likewise - publishers know that cuts aren't going to make
           | their magazines more compelling - but it's 1) cut somewhere
           | or 2) go out of business faster. You _might_ manage to
           | survive by maintaining quality and even adding things _if_
           | the audience is large enough and you can pull from competing
           | publications. (Although, in some cases, the cuts are things
           | readers don 't see -- e.g., allowing advertisers to place
           | contributed content, or ensuring you don't publish anything
           | that upsets the remaining advertisers...)
        
             | bryanrasmussen wrote:
             | >That's overly simplistic, in this case.
             | 
             | I'm not making an argument, just paraphrasing from the
             | article.
             | 
             | on edit: >or ensuring you don't publish anything that
             | upsets the remaining advertisers
             | 
             | I think most definitions of journalistic quality would
             | argue this is a decrease in quality.
        
         | AlbertCory wrote:
         | > I have very little time for reading the print magazines
         | 
         | You had me up to there. "I don't have time" just means "I don't
         | prefer to." You have time to do whatever you really want to do.
        
         | bluGill wrote:
         | Advertisers were good at figurinr out print ads. While online
         | gives immeadiat conversion results they dont give the much more
         | important gave a feeling oi discomfort resulting in a buy in a
         | year
        
       | Doctor_Fegg wrote:
       | I have a bit of a theory on this.
       | 
       | I used to edit a newsstand leisure magazine here in the UK. It
       | was founded in the 1970s. We sold about 18,000 copies a month in
       | our peak, making us the market leader.
       | 
       | I'm not the editor any more (I went off to do something else) but
       | the magazine is still going. It won't surprise you to learn that
       | it sells much less than it used to.
       | 
       | But that's not because the magazine has got worse. It hasn't. The
       | writing is still as good as ever, the news reporting still pretty
       | sharp. It's not because the market has changed. It's not because
       | you can get the same information online for free. Much to my
       | amazement, in 20+ years, no one has really catered for this
       | particular market online - there's a lot of chuntering on forums
       | and Facebook groups, but no one really doing compelling content.
       | We were turning over PS1m+ a year. I don't think anyone is even
       | turning over PS50k writing about this subject online.
       | 
       | So what changed? I think it's ultimately about attention. When I
       | edited the magazine (c. 2010), people still chose to spend part
       | of their leisure time reading about one of their hobbies. We were
       | a fun way to do that. Today, people don't need to spend PS5 to
       | happily while away a few hours: they can just scroll through
       | their phones. The magazine habit has gone.
       | 
       | Crucially, it's not that the information has gone online. It
       | really hasn't. I read all the various forums and groups, and
       | still when the magazine plops onto my doormat every month, I read
       | it and find a load of stuff I didn't know. It's just that the
       | time that was once filled with reading magazines is now filled
       | with something else.
        
         | jll29 wrote:
         | Good analysis.
         | 
         | In marketing, a "competitor" is not just somebody else doing a
         | similar thing; one form of competition is something entirely
         | different that you might spend your money or time instead (a
         | "substitute").
         | 
         | Many business plans ignore substitutes and only focus on
         | similar competitive offerings.
         | 
         | Smartphones are substitutes for a lot of things: playing
         | football with a friend; human ad-hoc conversation at a bus
         | stop; playing Candy Crush instead of reading newspapers on your
         | morning commute; entertaining yourself and your date at a
         | romantic dinner.
        
           | ghaff wrote:
           | Yeah. Speaking for myself, it's not that there are all these
           | online novels I can read for free. (OK, there are in the
           | public domain but that's not my point.) It's that there is a
           | lot of other reading and entertainment/education options out
           | there.
        
             | dageshi wrote:
             | Oh there's plenty of new online novels as well...
             | 
             | https://www.royalroad.com/fictions/best-rated
        
               | ghaff wrote:
               | Some of which are free/donation, some of which are not.
               | I'd be pretty surprised if people in general were reading
               | as many novels as they did at one point. (I may be wrong
               | of course.)
        
         | narrator wrote:
         | There is way too much free entertainment these days. That's the
         | most underrated difference in the world between now and 40
         | years ago. The change is even more dramatic for people who live
         | in developing countries where TVs were rare 40 years ago.
         | 
         | I also think this is why traditional opera and the symphony are
         | failing. People have too much entertainment.
        
           | musicale wrote:
           | Opera and classical music are simply no longer the popular
           | form of musical theater or music.
           | 
           | Stage musicals (Hamilton) and film musicals (anything from
           | Disney) are still very popular.
           | 
           | Popular music concerts (Taylor Swift) are obviously
           | incredibly popular, and they're usually not symphony
           | concerts.
           | 
           | While popular tastes have largely diverged from classical art
           | music, a good deal of "popular" (and often excellent, in my
           | opinion) symphonic music is still being produced and listened
           | to as film music and game music.
        
         | jccalhoun wrote:
         | I recently ran across Treasure Hunting Magazine.
         | https://www.treasurehunting.co.uk/ It bills itself as
         | "Britain's Best Selling Metal Detecting Magazine." While
         | technically this would be true if it was the only one it does
         | at least give the impression that there are others.
         | 
         | I find it humorous to think about the second best selling metal
         | detecting magazine's staff cursing that Treasure Hunting beat
         | them to another big metal detector scoop.
        
         | theendisney4 wrote:
         | I see a covid chart in the newspaper one time that had colored
         | lines for the infections with different virus versions and
         | vacinations with different "vacines" and thought woah! There is
         | more information and clarity here than in hundreds of internet
         | posts and articles combined.
        
       | ccppurcell wrote:
       | I disagree with the notion that publishers "don't know it". Here
       | I think malice really is a better explanation than incompetence.
       | Or not malice but willful indifference. Investors don't want to
       | be in the business of educating and informing people. They want
       | to be in the business of renting out things that people need, or
       | want so much that it's next door to need. This can't be done with
       | long form journalism. The opportunity in investing in magazines
       | is pure short term gain. Squeeze money out of the brand
       | reputation and recognition, then move on.
        
       | janandonly wrote:
       | This hit home hard:
       | 
       | > _Imagine if you owned the Lakers or the Yankees, and put all
       | the emphasis on the team brand--but kept reducing the pay to
       | actual players. You might continue to sell tickets over the short
       | and even medium term. But to survive over the long haul, you
       | eventually need to support the team brand with commensurate
       | talent at each position--and that talent needs to be nurtured and
       | paid more than peanuts._
       | 
       | There was a time people paid for a cable connection and channels.
       | You might pay extra for more channels, but that was about it.
       | Then we all watched online via Netflix. Then HBo, Hulu,
       | Skyshowtime, Disneyplus and AppleTV+ all came along and now we
       | just shuffle through these subscriptions to see the stuff we want
       | to see, but not whole year round. Most of the people I know will
       | have a subscription for one or two month and then shuffle to the
       | next.
       | 
       | If magazines where that easy, you just subscribe to a separate
       | month or you just buy loose articles from past issues, they could
       | still be making money.
        
       | AlbertCory wrote:
       | The irony here is that Ted Gioia is at the very top of the power
       | law distribution of writers' incomes: he makes a ton of money on
       | Substack and is very vocal about it. He deserves it all, too,
       | just to be clear.
       | 
       | However, most writers are way out on the long tail of the curve,
       | making next to nothing. I subscribe free to 100's of them, but
       | "upgrade to Paid"??? Nope, nope.
       | 
       | > Nowadays authors at that level would be on Substack, or some
       | other similar platform. That's because their name would be their
       | personal brand, and they wouldn't need a periodical--and
       | certainly not a magazine in terminal decline.
       | 
       | They ARE on Substack, and a precious few are like you, Ted:
       | making the big bucks.
       | 
       | I'd be willing to pay for an aggregate of 100 or so of them,
       | where their output this week is omitted if they've got nothing.
       | The catch is, I wouldn't pay huge money for that. This isn't
       | going to bring back the days of Readers Digest and Esquire.
       | There's just too much on the Web that's free to occupy my
       | attention.
        
       | Apocryphon wrote:
       | What about relatively new publications with longform writing such
       | as _Aeon_ , _Atlas Obscura_ , _Nautilus_ , or _Quanta Magazine_?
        
         | jll29 wrote:
         | Quanta magazine is fabulous but it's sponsored by a
         | philanthropic foundation, so perhaps not a good example when
         | discussing the economics of print magazines.
         | 
         | It's currently online only, but I would happily buy a print
         | subscription (I assume I'd be a minority, though).
        
       | __0x01 wrote:
       | honest-broker is the only Substack publication I have found to
       | consistently hold my attention. Reading Gioia's writing feels
       | like eating nutritious food.
       | 
       | I am most likely ignorant, however. Are there any other Substack
       | publications of the same quality?
        
       | Tarsul wrote:
       | Others already chipped in the obvious arguments (onlinereading,
       | other hobbies). I want to talk about a successful magazine
       | instead: Retro Gamer UK. It's still alive and kicking and well
       | worth a read. It started as an "also-ran" between all other
       | gaming magazines from the publisher but now it's the best running
       | and one of the only ones left. Why is that? Of course because
       | retro gamers grew up reading those magazines and love to do it
       | again. But also because the articles are really great. Why?
       | Because they interview the developers and research the topics
       | (games) quite well. And the developers also have no worries to
       | talk about stuff that didn't work out (they don't really have to
       | sell the game or their extinct studio anymore). And of course
       | with these "scopes" (and the retro gaming niche) they make a type
       | of content that is quite difficult to find online. Much easier to
       | just read the magazine (of course an online/PDF version exists as
       | well...).
       | 
       | Another advantage is that the content of an issue of the magazine
       | doesn't really get old.
        
       | Finnucane wrote:
       | I like that he raises a comparison with the big Hollywood media
       | companies, yet fails to remember the recent strikes that reminded
       | us that the studios don't want to pay their writers either.
        
       | Animats wrote:
       | Just look at all the new magazines at a bookstore. There are at
       | least 10 Taylor Swift magazines. Trump has at least two magazines
       | about him. There's plenty of growth in the gun and prepper
       | department. Food magazines are available in quantity.
       | 
       | Magazines are still around, but they're addressed to niches.
        
       | JKCalhoun wrote:
       | Are magazines still wildly popular in Japan? I have not been
       | there in years now but I sense they still are. Maybe someone can
       | set me straight.
        
         | GrigoriyMikh wrote:
         | https://shuppankagaku.com/statistics/mook/
         | 
         | According to this, magazine sales shrunk a lot from it's peak
         | in 1997.
        
       | A_Duck wrote:
       | There is a resurgence of small-run print zines which lean into
       | the strengths of print as consumed alongside digital content
       | 
       | MagCulture [1] has 600 zines in stock and Printed Matter [2] has
       | nearly 8,000
       | 
       | At present I'm enjoying n+1, The Baffler, Granta and The Fence
       | 
       | Counter-intuitively, a zine can be an easier way for writers and
       | creators to get niche/unusual content seen than battling the
       | algorithm online
       | 
       | [1] https://magculture.com 270 St John Street, London
       | 
       | [2] https://www.printedmatter.org 231 11th Avenue, Manhattan
        
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