Media Catch Up - Magazines: Industries & Men's Health - 21/05/18

To explore the Industries context for Men's Health we need to study Hearst publishing and look at the impact of digital media on the print magazine industry.

This means interrogating why the internet has had such a devastating effect on certain print brands and why some other magazines are continuing to thrive in the digital age. We also need to spend some time on the Men's Health website and consider the similarities and differences to what we've found in the print version of the magazine.

Notes from the lessons

Men's Health UK is published by Hearst Publishing UK, a subsidiary of Hearst Communications.

Hearst Communications is an American media conglomerate based in New York that is over 130 years old and is still owned by the Hearst family.

It owns a range of media and business information brands including American newspapers, magazines (e.g. Cosmopolitan), half of the A&E Network TV channel and 20% of US sports broadcaster ESPN.

It employs 20,000 people and its 2016 revenue was $10.8 billion.

Hearst Publishing UK

Hearst UK publishes over 20 magazine titles including Men’s Health, Cosmopolitan, Elle, Esquire, Good Housekeeping, Inside Soap and more.

Hearst UK brands reach 30% of UK women and 25% of UK men. They sell over 4m magazines a month and have 17m UK digital unique users.

Hearst UK has also diversified into events and other licensed brand extensions (e.g. Esquire Townhouse pop up members club, Country Living sofas and Men’s Health home gym equipment).

The impact of digital media on the magazine industry

Some key questions:

• Why has digital media (the internet) had such a devasting effect on the magazines industry?
• When did YOU last buy a magazine?
• Who IS buying magazines?

Suggestions for SWOT analysis of the impact of digital media on magazines:

• Strengths: Magazine brands are well established to diversify online, audiences already know and like them.
• Weaknesses: Print publishers do not have the expertise or knowledge of digital – it is a very different medium.
• Opportunities: Magazines can find new audiences online.
• Threats: Audiences will stop buying paper products and expect everything online for free.

Digital media has had a devastating effect on the print magazines industry. 

• Print sales fell by 42% from 23.8m to 13.9m between 2010 and 2017. 
• Back in 2000, sales were over 30m – signalling a 55% decline in just 17 years.
• Advertising in consumer magazines has fallen from £512m in 2010 to £250m in 2017. 
• Google and Facebook now dominate online advertising (they account for 65% of the UK digital ad market).

As a result of these changes, many magazines have closed.

Digital media: Hearst and Men’s Health

Hearst UK has posted losses in recent years due to the decline in the magazines market.

Men’s Health has also declined in recent years from a circulation high of 228,000 in 2008 to 180,000 now. However, it dropped to 160,000 in 2016 so has successfully reversed the decline in recent years.