Friday, April 22, 2011

Conde Nast Slowing Plans for iPad Magazines Amid Weak Sales

Ad Age reports that Conde Nast, one of the early iPad supporters in the magazine industry, is slowing down its plans to bring more titles to the platform, citing slow sales of its existing titles.
"It's a shift," one Conde publisher said. "The official stance was we're going to get all our magazines on the iPad because this is going to be such an important stream. The new change is maybe we can slow it down. In my opinion it makes Conde look smart because we have the ambition, but we're not rushing."

"They're not all doing all that well, so why rush to get them all on there?" the publisher added.
According to the report, development of iPad applications is now up to the individual publishers for each magazine, shifting away from a concerted effort by the conglomerate to push forward on all titles.

Conde Nast is said to be increasing its focus on sales of existing titles and generating unique iPad applications that don't mimic the print editions and instead offer "exclusive" content. Ad buyers are also reportedly still looking to see the distribution scale and metrics that will drive that market forward to sustain the digital magazine model, a position that is no doubt influencing Conde Nast's strategy to focus on scaling existing titles.

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