
From left: Mark Edmiston, AdMedia Partners Inc. managing director; Jonas Bonnier, Bonnier Corp. chairman; Wenda Harris Millard, president, media, Martha Stewart Living Omnimedia; and Philippe Guelton, Hachette Filipacchi Media U.S., Inc., executive vice president and COO
Online media was the subject of a bracing dose of reality this morning for the 500-some-odd magazine executives gathered in Boca Raton for the 2007 American Magazine Conference. In a panel talk entitled “How Publishing Companies Position Themselves for Growth: Best Bets for the 21st Century,” it was panelist Wenda Harris Millard — a former Yahoo! executive now serving as president of media at Martha Stewart Omnimedia — who delivered the strongest words to magazine industry members. “There’s no question in my mind that this is a revolution,” she said to the crowd of online media. “There’s no question that the consumer is way ahead of us.”
Her fellow panelists, Bonnier Corp. chairman Jonas Bonnier and Philippe Guelton, executive vice president and COO, Hachette Filipacchi Media U.S., Inc., echoed her sentiments in response to moderator and AdMedia Partners managing director Mark Edmiston‘s questions. As Guelton described the consumer’s outpacing of the magazine industry in embracing online media, “I’m still amazed … we started the conversation [about online media] in 1994,” he said, marveling that “still, we missed out.”
Even Millard’s more positive comments on magazines’ advantages carried caveats.
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