Folio is reporting some key magazine industry statistics for the first half of 2011. The good news? 138 new magazine titles have been launched this year so far, compared to only 90 in 2010, according to online periodical database MediaFinder. Let’s hope they’re all hiring!
The bad news? Seventy-four titles closed in the first half of 2011. Still, that’s less than the 86 that closed in the first half of 2010. So the magazine industry is gaining more than its losing, and already well ahead of 2010 stats so far this year. Things are looking up!
Another couple of interesting fact from Folio: the regional interest segment tied with the food sector for adding the most magazines to the business. However, the regional interest segment is also responsible for the most folds. Finally, it’s worth pointing out that some websites, like Gilt Taste, were included in the totals.