One element of how Time is now selling subscriptions online suggests real weakness in its print franchise. You can buy an “all access package” — meaning all the appealing subscriber-only content on the website, the tablet edition, and the print magazine — for $30 a year. But if you want to buy just the tablet edition, that will cost you $2.99 a month, or $35.88 a year. In other words, Time will pay you $5.88 for the privilege of sending you the print magazine every week along with providing all the digital material.
To be sure, there was a two-page spread in the print edition that was terrific and could not be replicated (to my taste, at least) online: an unforgettable color photo of the space shuttle Endeavor as it was being rolled from Los Angeles International Airport to its new home at the California Science Center. Photographer Chris Carlson caught the shuttle towering over the houses along an LA street like some kind of monster in a horror movie. But I hadn’t picked up the magazine until I decided to write this column, so I hadn’t noticed it, and if I had, it alone would not have compelled me to buy a print version. Besides, the photo credit says that Carlson is an Associated Press photographer, which I assume means I could have seen the photo elsewhere, too.
Of the issue’s 80 pages, I counted just 20 of paid advertising, four of which were appeals by charities that obviously did not pay full price. There was also a 17-page “Special Advertising Section” on, guess what: “Milestones in the History of Higher Education.” Paid for by the Carnegie and Bill and Melinda Gates foundations, the section was actually pretty interesting once I tried to read it in order to write about it, but I never would have read it otherwise. And although it was public-spirited, its positioning next to the real editorial copy on the same broad subject could have confused anyone who might have read it into thinking it was written by Time’s reporters.
So, I’d like to see a story that probes whether anyone is still reading the weekly print version of Time.
Another key question: What’s the subscription renewal rate and how has that trended recently? High renewal rates are a magazine’s ultimate measure of health. Low rates — or “high churn” — require a constant treadmill of expensive subscription promotion campaigns and ultimately mean that the water is circling the drain.
There’s also the accompanying issue of who’s still advertising in the printed Time, and with what results. And what do Time’s advertisers say about trends in their buying and about whether Time has been more willing lately to offer discounts off of its rate card?
Finally, what do Stengel and Time Inc. CEO Laura Lang say about the future of print? In addition to what they will say officially, a determined reporter ought to be able to find out about any plans in the works that they aren’t ready to talk about either to end print or to cut back to, say, a monthly version, while convincing subscribers who originally signed up for a weekly print edition that what is already a rich supply of compelling digital content is worth the same or more than what they used to get in print.
3. Five looming post-election crises
This story in Saturday’s New York Times, about how mismanagement at the Commerce Department’s National Oceanic and Atmospheric Administration may result in a lag in weather satellite coverage sometime around 2015 that will render us unable to track and predict hurricanes, illustrates a key law of journalism: Sometimes the best stories are in the most seemingly boring corners of the bureaucracy.
Question: why should a utility staff for an event which happens once every 5 years? The difference in manpower requirements is not negligible. To deal with a large storm, the kind associated with major disruptions that may last several days, a utility would need 10 times the number of personnel. Why should they maintain these staffing levels when crews from neighboring areas can be called in for surge capacity during events that happen so infrequently?
Stories I’d like to see: why does the Obama allow contributions from prepaid credit cards, overseas accounts and intentionally disables its CCV system? I won’t hold my breath for this one.
#1 Posted by Mike H, CJR on Tue 30 Oct 2012 at 12:52 PM
Something to keep an eye on:
http://www.washingtonpost.com/business/economy/3-nuclear-power-reactors-shut-down-during-sandy/2012/10/30/7ddd3a94-22b6-11e2-8448-81b1ce7d6978_story.html
#2 Posted by Thimbles, CJR on Tue 30 Oct 2012 at 04:14 PM
Something to keep an eye on:
Agreed .. lets keep an eye on how completely trouble free and flawless all these units perform during an emergency shutdown situation and let that be a lesson to the screaming ninnines of the world.
#3 Posted by Mike H, CJR on Tue 30 Oct 2012 at 05:19 PM
"Agreed .."
Glad we can agree on keeping an eye on aging nuclear reactors with full spent fuel pools during a natural disaster.
It's so nice rational people can agree on something so freaking basic.
#4 Posted by Thimbles, CJR on Tue 30 Oct 2012 at 10:36 PM
I'd like to see something about the changes in local news reporting and how this affected storm information. As a daughter of NJ who has been watching from a few states away, I'm struck how little and how thin the resources for local news have been. The major NJ papers did the minimum, following the governor and reporting on weather and easy-to-access areas. The networks did the usual person buffeted by wind on the boardwalk. But my only resources to learn what was happening at a county and town level, consistently, were things like Patch and the incredible Facebook group New Jersey Hurricane News. These were lifelines but they were nothing like the work of actual news teams, and were uneven, rife with rumor, and prone to hysteria. We've changed the landscape of local news and these 'citizen journalism' efforts, for all their galleries of user photos, can't render a chaotic situation comprehensible in the way that trained reporters and experienced news organizations once could.
#5 Posted by Michelle Moon, CJR on Wed 31 Oct 2012 at 09:49 AM