The magazine business is not for the faint of heart. Even Time Inc., the publishing powerhouse, has been feeling the print blues. According to All Things D, Time Inc. went through a rough first quarter, seeing operating income drop 38 percent and revenues decline three percent.
Apparently the doldrums can be blamed on slowing ad sales (down five percent) and slumping newsstand sales (down two percent).
The bad news for print only puts more pressure on Next Issue, the so-called “Netflix for magazines.” Time Inc. has a stake in the digital subscription system, which you can see here.
Somewhere, Laura Lang, Time Inc.’s relatively new CEO, is crossing her fingers.