There’s more bad news in the analysis of who’s being affected by the consumer’s growing lack of interest in picking up single copies. MagNet data shows that smaller titles whose newsstand sales had been holding up well against bigger ones are now feeling the squeeze. Whereas the top 25 and 50 titles had been experiencing larger declines, the latest data show that titles in the top 100 and top 1000 have pulled even. The percentage decline in sales is now more similar across all groups of titles through the top 1000, ranging from -1.4 percent for the top 25, to 3.2 percent for the top 1000. MagNet, though, puts a caveat on the comparison; the 2014 numbers may be overestimated both because numbers from Source Interlink Distribution dried up when it went out of business, and Barnes & Noble stopped providing data this year. That even despite publishers responding by paring back the number of hard copies distributed by 40 million over the same time period, but perhaps owing partly to an average 5 percent increase in cover prices. The latter move was factored into a dollar sales efficiency figure of 26.5 percent. Yet MagNet is confident enough in the numbers to suggest in its narrative on the data that a stabilization of newsstand circ doesn’t appear to be in sight. The decline began eight years ago and sales are approaching an inauspicious milestone. The newsstand tracker’s first-half 2015 numbers are in and they show that the key metric of sales efficiency hit what it says is an all-time low. Only 26.8 percent of the magazines publishers distributed to retail outlets actually sold, down from 31 percent in the first half of 2014. Newsstand performance comparison for U.S. and Canada, first half 2015 versus 2014. (Includes estimates for Barnes & Noble sales) Source: MagNet “We estimate that newsstand magazine sales will generate about $2.5 billion in 2015, just about half of what was generated in 2007,” the review reads in part. It’s getting to be old news now. Magazine newsstand sales are declining, according to the latest data from MagNet. But what is new, and worrisome, is that the declines are accelerating and the pain is spreading. MagNet’s outlook for 2015 looks even gloomier looking beyond the first-half numbers that are in the books. It says preliminary July and August numbers are tracking worse than those for the first half. Title rank comparison for U.S. and Canada, first half 2015 versus 2014. (Data does not include Barnes & Noble sales) Source: MagNet
Beatle star Paul McCartney almost guest starred on Friends as he was offered the role of Ross’ father-in-law.Emmy-nominated casting director Leslie Litt, who was working on the NBC hit series during most of its run, revealed that McCartney, now 72, could’ve appeared in the season 4 finale of the show as David Schwimmer’s on-screen father-in-law, but he turned it down, reported Huffington Post.“I went through his manager and gave him all the details. One day, someone in the office brought me a faxed letter written to me by Paul himself! He thanked me for my interest and said how flattered he was, but it was a very busy time for him,” Litt said.If the British musician had agreed to do it, he would’ve appeared in the two-part season four finale which aired in 1998.In the said outing, Ross married Emily (Helen Baxendale) in London though he accidentally said Rachel’s (Jennifer Aniston) name instead of his bride’s name at the altar.
Kolkata: Taking strong exception to road blockades staged by college students over attendance mandate, West Bengal Education Minister Partha Chatterjee has asserted the government will be forced to take action if the agitators cause inconvenience to public for “personal benefit”. A large number of students from two institutes – Shibnath Shastri College and Heramba Chandra College – took to streets on Thursday and Friday to protest against the Calcutta University (CU) mandate of 60 per cent minimum attendance for appearing in examinations. Also Read – Rain batters Kolkata, cripples normal life The agitators of Heramba Chandra College blocked thoroughfares in Golpark area for two consecutive days, demanding immediate relaxation of norms. The protest was also backed by students of Gurudas College and Jaipuria College, who demonstrated outside their campuses. The education minister said the government will not succumb to the pressure tactics of the students. “Under no circumstances will the administration tolerate such pressure tactics. Many people were inconvenienced as they (students) blocked the roads to get their demands fulfilled. This is unacceptable,” Chatterjee told reporters on Saturday. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed Earlier this year, the CU authorities had asked all affiliated colleges to ensure that only those with a minimum 60 per cent attendance would be allowed to sit for semester exams. A list of non-eligible students was recently published at Heramba Chandra College, triggering the agitation. Chatterjee pointed out that the state education department has fixed 60 per cent attendance as a criterion to sit for semester exams, even as the UGC suggested 75 per cent attendance for higher educational institutions. “Maybe the agitating students wanted to sit for exams without attending classes or studying,” he said. Heramba Chandra College Principal Nabanita Chakraborty, who met Chatterjee Saturday morning, said the authorities are planning to reduce the cut-off figure for attendance from 60 per cent to 55 per cent. Trinamool Congress Chhatra Parishad (TMCP), the students’ wing of the ruling party, also appealed to the education minister to find a “way out of the deadlock” to restore normalcy in the institutes. TMCP president Trinankur Bhattacharya, who met the minister at his residence, told reporters that the unit has sought a solution that would be acceptable to all sides. A TMCP source said the union urged Chatterjee to consider relaxation in attendance norm for this year.
About the AuthorMatthew KormanMatthew Korman is the Managing Editor of MetroMBA. Since graduating from Rowan University with a degree in journalism and political science, Matthew has worked as a music industry writer and promoter, a data analyst, and with numerous academic institutions. His works have appeared in publications such as NPR and Sports Illustrated.View more posts by Matthew Korman Last Updated May 20, 2019 by Matthew KormanFacebookTwitterLinkedinemail regions: Washington, DC RelatedCambridge Judge MBA 2019-20 Deadlines RevealedHopeful applicants to the next One-Year, full-time MBA class at the University of Cambridge Judge Business School have some new deadlines to remember. New Cambridge MBA Deadlines Round One Application Deadline – Sep. 9, 2019 Interview Dates – Oct. 21-22, 2019 Round Two Application Deadline – Oct. 28, 2019 Interview Dates -…June 14, 2019In “Featured Home”UT Austin 2019-20 MBA Deadlines RevealedThe University of Texas at Austin McCombs School of Business revealed its next wave of MBA deadlines for its full-time program. New UT Austin MBA Deadlines Round One Application Deadline: Oct. 8, 2019 Decision Notification: Dec. 17, 2019 Round Two Application Deadline: Jan. 7, 2020 Decision Notification: March 26, 2020…July 9, 2019In “Deadlines”Rice University Debuts MBA Deadlines for 2019-20Hopeful applicants to the next full-time MBA class at the Rice University Jones Graduate School of Business have some new deadlines to remember. New Rice MBA Deadlines Round One Application Deadline: Oct. 11, 2019 Decision Notification: Dec. 6, 2019 Round Two Application Deadline: Jan. 3, 2020 Decision Notification: March 13, 2020 Round…July 8, 2019In “Advice” New Duke MBA Deadlines Revealed Hopeful applicants to the next MBA class at Duke University Fuqua School of Business have a new batch of deadlines to keep tabs on.New Duke MBA Deadlines: 2019-20Round OneApplication Deadline: Sep. 19, 2019Interview Decision: Oct. 2, 2019Decision Released: Oct. 28, 2019 Round TwoApplication Deadline: Oct. 14, 2019Interview Decision: Nov. 1, 2019Decision Released: Dec. 18, 2019Round ThreeApplication Deadline: Jan. 6, 2020Interview Decision: Jan. 31, 2020Decision Released: March 18, 2020Round FourApplication Deadline: March 11, 2020Interview Decision: March 25, 2020Decision Released: April 20, 2020Learn more about the Duke University Fuqua Business School MBA program here.