The magazine industry has been in a decline. While society frets about new technology and innovation, whole industries struggle to survive in our new digital jungle. An example of this is Newsweek. Newsweek recently merged with the Daily Beast in an effort to keep itself alive. With magazines often losing more money than they make it was important that Tina Brown, the editor-in-chief of Newsweek, cut costs. By going green and embracing some aspects of technology, she now uses e-mails (sent from her blackberry) instead of loads of faxes and prints. This even allows for her to cut shipping costs and messengers.Staff has been cut and writers will be paid per article and not be put on contract.
The struggle to survive also means that in order to compete she will have to deliver fresh, new content. This is evident in the use of space and quality of the new magazine. It is said that it now includes "hot" columns, greater quality glossy paper, and more use of white space. Advertisers find this look to be more energetic and stylish. (Which is a VERY good sign for Newsweek!) A magazine with no advertising will die. By appealing to the advertisers, she is opening up more possibilities for this re-designed magazine.
Not only is the re-design of the magazine catching attention, but this new money-smart and somewhat frugal Tina Brown is. She has been known for notorious spending and loss of money for her magazines (hello, Vanity Fair and The New Yorker). Now she is quite changed, not only were her magazines in trouble, but her career was. Her legend was. I will certainly be interested to see if she can save this sinking ship.
My look into the magazine industry may have been given to me by watching Ugly Betty, but I know this will be a struggle. But, this industry will not die without a fight. What do you think?