The Irony of Innovation: How Digital Progress Spurs Demand for Print Magazines!
Alec Couckuyt
Strategy Adviser to Executives | Turning Vision into Reality | Business Turnaround Specialist | Print Industry Leader | Economist | Author of 'At the Helm' | Speaker On Leadership & Strategy |
In a surprising turn of events last month, Metroland, a leading Canadian weekly community newspaper and flyer distributor, declared bankruptcy. This marked the cessation of a long-standing tradition of serving local communities. The news was met with dramatic headlines such as “Over 70 weekly papers to transition to digital only!” and “The end of Metroland flyer distribution could accelerate the shift to digital advertising”. These developments underscore the ongoing shift in the media landscape towards digital platforms.
However, in an ironic twist, we at Maracle Press have observed a surge in demand for printed magazines. The circulations range from 1,000 to 30,000 copies, with frequencies spanning from monthly, quarterly to bi-yearly. So, what’s driving their success? What’s fueling this growing trend? What makes them stand out? Here’s our perspective.
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There is no doubt that digital and print communications play different roles in the marketing communication mix. They complement each other or at least co-exist, similar to the relationship between e-books and printed books.
This analysis underscores the importance of understanding the unique strengths and roles of different media formats. While digital platforms offer broad reach and immediacy, print media, particularly specialty magazines, provide depth, longevity, and a tangible connection with specific audiences that can be highly valuable, especially for advertisers.
Client Services at Maracle Inc.
1 年Firstly, I’d like to commend Alec’s insightful analysis of the evolving media landscape and the surprising resurgence of printed magazines. ? Expanding on this, I'd like to offer a few additional perspectives that underscore the value and potential future of printed magazines: ? ? Integrated Mix: A diverse communications strategy, blending digital and print, caters to varied audience preferences. ? Sensory Appeal: Magazines, with their tactile experience, create a lasting emotional bond. Their perceived value and longer shelf life amplify their impact. ? Tech Innovations: New technologies allow high levels of sophistication in the production of tailored publications at scale, enhancing value for readers and advertisers alike. ? Senior Audience: Active seniors, with their spending power and print affinity, present a valuable print advertising demographic. ? Credibility Boost: Print lends unmatched credibility to content creators, attracting top talent in a digital-heavy world. ? While digital offers reach, print gives depth and connection. Specialty magazines, harnessing technology and focusing on specific demographics, stand out as prized resources for all stakeholders.
Sales Professional at Ariva Canada
1 年Well said Alec- Lots of growth to come!!!
President
1 年Great commentary Alec!