It’s been a remarkable year for journalism and storytelling, as legacy media outlets continue to find their new identities in this rapidly evolving digital era. Others have had to nimbly reimagine themselves after being acquired by new owners, all while strategizing for the future with new revenue streams.
We’ve seen great leadership from media executives from Bob Cohn, president of The Atlantic, who has seen revenue increase across all sectors (total revenue is up 13 percent), to Adweek’s Editor of the Year Dean Baquet, who has lead coverage of some of the most important stories out of today’s fast-paced news cycle as executive editor of The New York Times.
Here are our Hot List winners in publishing for 2018:
Publishing Executive of the Year
The news media business isn’t easy, which is why news of an ambitious period of growth at The Atlantic announced earlier this year was met with surprise. (“You read that right,” The New York Times quipped.)
Led by president Bob Cohn, who oversees editorial, revenue and operations on all platforms, the 161-year-old publisher is seeing one of its best years ever by leaning into its ever-diversifying business while maintaining the editorial excellence that is key to The Atlantic brand. It helps that the philanthropic Emerson Collective, which is run by Laurene Powell Jobs, just bought a majority stake in the magazine, too. Cohn, a longtime journalist who spent five years on The Atlantic’s editorial side before becoming president, said he’s proud revenue is growing across all sectors—year over year, total revenue is up 13 percent—all while The Atlantic has preserved and strengthened its editorial ethos.
“We’ve really completed our transformation from being a magazine, which we have been for 161 years, to really being a multiplatform media company,” Cohn tells Adweek. “That transformation has been years in the making, but I feel like in the last year we can say that we’ve really turned the corner.”
Part of that transformation has involved three new podcasts, a growing events business that leans into flagship events like The Atlantic Festival and the hire of more than 100 new staffers, half of whom will be on the editorial side. Cohn says the magazine is about halfway finished with those hires, who include former ESPN commentator Jemele Hill, culture and health writer Amanda Mull and former Facebook executive Alex Hardiman. The latter will lead consumer revenue opportunities, audience experience and product.
As the end of 2018 approaches, Cohn says he’s looking for opportunities to bring The Atlantic’s journalism to television and to home voice assistants, along with expanding paid content options, to continue steering the publication forward.
“Wherever an Atlantic audience wants to consume Atlantic content—whether it’s in print or digital, social streams, audio, video, live events—we want to be there, and we want to turn to our partners and find ways to partner up and deliver advertising in those spaces,” Cohn says. “That’s what we’ve done, and some of our greatest and most reliable partners have come with us.”
Magazine of the Year
The New Yorker
From ground-shaking reporting on people who sit at the upper echelons of business, entertainment and government to incisive cultural commentary, The New Yorker is having one of its best and most consequential years in its 93-year history. Ronan Farrow and Jane Mayer’s reporting on sexual harassers and abusers toppled powerful men and fueled the #MeToo movement, with Farrow’s reporting on the disgraced movie producer Harvey Weinstein resulting in a Pulitzer Prize (shared with The New York Times) for public service. The power of the publication’s journalism is translating on the business side, too, including an all-time-high circulation of 1.23 million, 264,000 new subscribers to the magazine in the last year and an average of 13.9 million U.S.-only monthly uniques on NewYorker.com in the second quarter, up 22 percent year over year. —Kelsey Sutton
Cover of the Year
Time — ‘Stormy’ covers
This year, Time has stood out from competitors in a fast-paced news cycle with bold cover designs tucked inside its signature red border. The magazine has grabbed readers’ attention since February with a series of covers depicting President Trump in an ever-worsening storm. In the first, wind is blowing through the Oval Office; in the second, water is rising; and in the third, he’s swimming for his life. Longtime contributor Tim O’Brien paints the covers on canvas and takes a digital photo of the painting, giving them an old and new feel all at once. In a news cycle that changes by the minute, Time’s covers feel relevant week after week. —Sara Jerde
Story of the Year
No one outlet can take full credit for reporting on the #MeToo movement, which yielded what was undoubtedly the biggest story of the past year. The New York Times’ breaking of the Harvey Weinstein scandal, by reporters Jodi Kantor and Megan Twohey, opened the floodgates, quickly followed by additional details from The New Yorker’s Ronan Farrow—who later broke stories about New York Attorney General Eric Schneiderman and CBS chief executive Les Moonves. The Washington Post’s reporting on Alabama Senate candidate Roy Moore’s alleged pursuit of underage girls helped sway the election to his competitor Doug Jones, the first Democrat to represent the state in the Senate in 25 years. And, of course, this past spring saw a major reminder of the importance of investigative reporting when Larry Nassar, the USA Gymnastics team doctor who molested hundreds of women, was sentenced to decades in prison—a story that broke in a report from The Indianapolis Star. —Diana Pearl
The Cut, ‘How Anna Delvey Tricked New York’s Party People’
The story of Anna Delvey, a Manhattan socialite turned Rikers Island inmate whose deception was detailed in New York magazine’s women’s section, The Cut, shocked and delighted the media world and racked up more than 2 million unique visitors. The article by Jessica Pressler examined the lavish lifestyle of Delvey—real name Anna Sorokin—and how she was eventually charged with grand larceny for allegedly scamming wealthy New Yorkers out of hundreds of thousands of dollars. The story went viral, and Shonda Rhimes’ production company, Shondaland, acquired the rights to the article in May, with plans to develop it into a Netflix Original series. —K.S.
Website of the Year
A sleek redesign and several buzzy stories—including this year’s Conversation Starter, “How Anna Delvey Tricked New York’s Party People,” as well as three columns that earned a National Magazine Award—have helped propel New York magazine’s women’s site to new heights this past year. According to comScore, The Cut’s unique visitors grew an astounding 227 percent year over year. The site has also expanded into new revenue models, including a T-shirt line, event series and the unthinkable: its first-ever print issue. —D.P.
Hottest Magazine Redesign
In April, National Geographic launched a monumental redesign of its 130-year-old publication. The magazine debuted new sections highlighting the photography the periodical is famous for, including short photo essays and the stories behind its memorable pictures. The magazine relaunched with new typography on new paper, and the changes—which appealed to loyal readers while drawing in new ones—helped newsstand sales spike 16 percent year over year. —S.J.
Hottest Business Magazine
Bloomberg Businessweek has had another exceptional year, continuing to break news on the business, politics and tech fronts while pushing design boundaries and strengthening the magazine’s digital business. The periodical has a global print circulation of 600,000, and a majority of people who sign up for Bloomberg’s newly implemented tiered subscription plan choose the pricier $39.99 per month option that gives them access to Bloomberg Businessweek in addition to the company’s other news products. It makes sense why: From groundbreaking investigations into the data-mining firm Palantir to scoopy pieces on Facebook, Amazon, Uber and Tesla, Businessweek remains a must-read for business leaders, techies and legislators alike. The magazine’s design isn’t to be overlooked, either: Businessweek’s front cover remains a showcase for the weird and wonderful in the business world, from AI-created art to irreverent designs that poke fun at the glaring mistakes of major business leaders. —K.S.