PC Magazine Goes Online-Only: How This Threatens Internet Marketers
Saturday, November 22nd, 2008In an open letter to the readers of PC Magazine, the editor-in-chief, Lance Ulanoff, announced that after January 2009, PC Magazine would no longer be available as a print magazine, and would solely available online. Not only is this a major move for Ziff Davis Media, the publisher of PC Magazine, but it also creates a precedent for the traditional publishing industry.
More importantly for Internet marketers, it also underscores a possible threat – the threat of more traditional publishers going online to compete with niche information publishers.
In his letter to readers, Mr Ulanoff emphasised that going online would carry various benefits. But he also admitted the brutal reality behind the move: Ziff Davis could no longer afford to keep printing and delivering the print version of PC Magazine.
With print ad revenues declining across the world, I wonder: is Ziff Davis the first of many more major publishers to pull their print magazines and go solely online?
It’s possible. I used to be a major newspaper and magazine reader but in the last few years I’ve tended towards reading online publications. Not just those that are only available online (although they do dominate my reading these days) but also those with print versions. I simply find the ‘live’ nature of online publications - along with their interactivity and rich media features - more appealing than their traditional, print brethren.
(That and the fact that I spend so much time online of course…)
I think print magazines still have certain advantages. Whatever the ‘portability’ of a digital publication (a benefit mentioned by Lance Ulanoff), a magazine is typically easier to hold, carry and read than even the smallest laptop PC or ebook reader.
And a glossy, photo-rich magazine - e.g. one devoted to design, architecture, food, etc - still looks better than most websites.
But, like anything, people will only continue buying a product if it continues giving them value. Those ‘people’ include advertisers buying ad space, as well as readers buying information. Whether flowing from a failure to deliver value to advertisers or readers or both, if a publisher can no longer afford to produce its material in printed form, then it may have no choice but to go 100 percent digital.
Okay, so that’s the message for traditional publishers. Now for the message for Internet marketers: be prepared for an even more competitive environment.
If and when traditional publishers start devoting their FULL attention to the digital medium… and fully harnessing their strengths - the research and writing skills of their journalists and the sales ability of their ad sales staff – the information publishing game will get that much tougher.
And although I’m quietly optimistic that most traditional publishers lack the savvy of the typical online info-publishing entrepreneur, I don’t think we can expect them to give up without a fight.
Also, even if you don’t see anyone threatening your niche… we are, as Rich Schefren puts it, in an Attention Age, where everyone is competing for everyone else’s attention. So even if no traditional publishers are likely to compete with your blog, ebook, newsletter, etc… they will still compete for your prospects’ attention.
P.S. If you’re interested in learning more about the Attention Age, check out Rich Schefren’s free report, The Attention Age Doctrine here.
Source: Lance Ulanoff, “PC Magazine Goes 100% Digital”, PCMag.com, November 19, 2008

