"There is a myth that people are looking for sound-bites and celebrity and that this has led to a growing demand for and acceptance of commoditized news output that speaks to the lowest common denominator. The reality is that there is a growing demand among the educated for intelligent news, analysis and entertainment that challenges, amuses and informs." -- Alan Press, SVP of marketing for The Economist to foliomag.com, after being asked about the magazine's record year.
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By Nikki Finke | Category: Magazines | Wednesday September 9, 2009 @ 5:29am
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Title Studio Gross 1 Dear John Sony $30.5 M 2 Avatar Fox $22.9 M 3 From Paris With Love Lionsgate $8.2 M 4 Edge Of Darkness Warner $6.9 M 5 Tooth Fairy Fox $6.6 M 6 When In Rome Disney $5.5 M 7 The Book Of Eli Warner $4.7 M 8 Crazy Heart Fox $3.6 M 9 Legion Sony $3.5 M 10 Sherlock Holmes Warner $2.5 M 11 The Blind Side Warner $2.5 M 12 Up In The Air Paramount $2.3 M 13 The Lovely Bones Paramount $2.3 M 14 Alvin And The Chipmu Fox $2.1 M 15 It's Complicated Universal $2.1 M 16 The Spy Next Door Lionsgate $0.9 M 17 An Education SPC $0.8 M 18 A Single Man Weinstein $0.6 M 19 Extraordinary Measur CBS $0.5 M 20 Precious Lionsgate $0.5M SOURCE: HOLLYWOOD.COMBox Office Poll
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That’s something that should be drilled into every publisher on the planet.
That is EXACTLY why I read The Economist religiously every week, and ignore all forms of TV news: TV news is stupid, ignorant, and often flat-out wrong. Whenever I want up-to-the-minute news, I use internet.
Incidentally, that’s also why I at least don’t buy American news magazines: They’ve followed TV and are seriously dumbed-down.
What is so unique about Alan Press’ comments is that The Economist was one of the ONLY magazines in the world to increase in subscribers and sales over this past year. Nearly every single other magazine failed by at least 20%, with many shuttering forever including several legacy publications (not counting newspapers).
I think that there will always be a Jerry Springer audience out there, but somehow entertainment congloms have forgotten that Springer’s audience is a niche audience. And when the majority of programming caters to that trailer-park audience then why wouldn’t the vast majority of people flock elsewhere to be challenged, amused, and informed in their entertainment? If they can’t find the smartness in TV and film, they’ll go elsewhere. And if this happens over a long period of time, you end up with an audience who had more or less permanently changed their habits and perceptions.
So to be cheap with your entertainment development only exacerbates the flocking of the masses toward something more interesting, more compelling, more challenging, more amusing, more entertaining. And then you arrive at a fighting-the-fire mentality with your budgets and development instead of putting yourself on the offensive.
Going against the tide of short articles attached to large shiny pictures and instead offering more ideas and lengthy tangents has proven successful?
Colour me surprised.
And what segment of the marketplace are you aiming for when you call someone an “asswipe”?
Sorry to spoil the party, but I suspect that the Economist’s record year is more to do with the global economy melting down than any sudden increase in intelligence of the general populace.
I believe CNBC’s ratings grew the more the stock market fell as well.
Too bad he doesn’t write for Variety.
What the Economist didn’t tell you in that article is they sell there subscriber list for 100.00 a person to direct marketers…
The only other magazine that sells these sub-list it the Robb Report at 250.00 per person…
No wonder they are doing well in the direct marketing business.