Meredith Corp. Lowers Circulation Guarantees on Two Titles
Business-to-consumer magazine behemoth Meredith Corp. is lowering its expected-sales figures on Ladies’ Home Journal and Traditional Home, according to AdAge.
For Ladies’ Home Journal Meredith is lowering its rate base — the number of issues it guarantees to advertisers that it can sell — to 3.2 million from 3.8 million, a 16% drop. For Traditional Home, the company is cutting its circulation forecasts to 850,000 from 950,000, down 11%.
Says AdAge:
For decades publishers chased huge circulations — offering subscribers dirt cheap prices and paying heavy costs for direct marketing, paper, printing and distribution costs — because advertising more than paid the bills.
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