Paid print circulation still pays the bills. I keep coming back to the numbers recently laid out by Time Inc. CEO Ann Moore: Each Sports Illustrated paid reader is worth $118 a year,
mainly in advertising, while each SI.com visitor fetches a measly $5. That differential explains why prestigious, long-standing, paid circ vehicles like Time Magazine
are just about giving away their product......while calling it paid. Anything to keep those print readers and that print rate base as high as possible, 'til that $5 zooms
into double digits and beyond.
The offer I got today:
- 56 weeks of Time at the "Welcome Back" rate of $19. (Yes, given my overflowing NetVibes RSS reader, it's hard to find time to read Time.) 19 bucks against a cover price of $252.45 for the same 56 issues! That's a 92.5% discount.
But that's not all:
- FREE GIFT: The ULTRASONIC Laser Level
- BONUS: 6 Additional Months of TIME (when you pay now)
- TIME Archive at www.Timearchive.com, featuring 80 years of coverage, for free.
I suppose I can use the level to measure the tectonic changes shaking the publishing industry.
I should note the offer is labeled: "For Senior Citizen Use Only." Like an AARP pitch. I'm flattered but the MSN Life Expectancy calculator gives me another 42 years of life expectancy.
It's an offer that's hard to resist, and I won't. That archive can come in mighty handy for research.
I received a similar offer via snail mail today, almost pitched it in the trash with all the other junk mail, offers. etc. But something made me open it, I think it was the "do not bend" stamp on it, the plain envelope with the timeless (no pun intended) "TIME" logo. I thought to myself, what is TIME hawking that you can't bend the envelope? We're not doing punch cards anymore, what's in this envelope? So after tossing the local grocery store circular, a couple of credit card offers (after ripping them to shreds), I popped open the envelope, did the speed read, looked at the glossy "FREE GIFT" promo card, and again, almost tossed it. But the first line of the "offer" caught my eye, 56 issues of TIME and a one-year subscription to Fortune - all for $20. Now, those are 2 premier magazines. My boss gets Time and Fortune at the office, and I really respect the guy, from another country, self-made millionaire. That alone got me reading the promo letter, plus the promise of this laser level gizmo for free. My mind is free-associating at this point, I'm worried about the laser device and the old reports of terrorists using cheap pen lasers to mess with airline pilots, and why are these things free with your paid subscription, yadayadayada. But then there's the bold type BONUS block: "Pay now and get 6 more months of TIME as well as the 25 bi-weekly issues of Fortune - all for only $20!" Plus the laser thing. $20, that's two day's lunch money at the office; the laser doo-dad, I'm no do-it-yourselfer, but I figure it ought to be good for a few laughs driving my cat crazy. She wheels around the house chasing the spot from a pen flashlight, this thing ought to be good. A year-and-a-half of Time, a year of Fortune, and a cat toy for 20 bucks? Heck yeah, sign me up. Strange though, best deal is "with your paid subscription," but no layout for credit card info, looks like you've got to go old school and scratch a check. I'm OK with that, it goes out in tomorrow's mail, in the postage-paid TIME envelope. But it got me thinking immediately, that's really the whole reason for this post, what's going on with print media? I go out on my front lawn now at 5:30 a.m. to get the local Houston paper, there are no other papers on my neighbors' lawns. Are newspapers and magazines going the way of the 8-track? All things change, and I'm getting older by the day. But nonetheless, I'm not missing out on this giveway. If you get a TIME offer letter in your mailbox, give it a look. Shoot, I've paid more than $20 for cat toys and catnip in the past, magazines notwhithstanding. This looks like a good thing for me, but does make me question the desperation of print media marketing.
Posted by: Erik Brown | February 08, 2008 at 05:09 PM