
Print is Dead by topgold
I love magazines. I love the look and the feel. I know that in most cases I can find the same information online, but the experience is not the same.
With that said, let me also say that I stopped reading magazines for a while. The price kept getting higher for less and less information. Instead of more content the ads were taking over.
This is a result of a cycle. Less people read the mags and revenue falls–so the mags increase the advertising which brings in less revenue from individual ads as the readership lowers–so the magazine sells more ads with less content until the end finally comes and the magazine goes under. How is that for a run-on sentence?
At times, especially now with the economy so uncertain, it seems like this is an unbreakable cycle. Blogs and news sites run stories about the troubles of the print media. People like Rupert Murdoch talk about the shift and suggest charging for online content that was once free. It is the start of a whole new cycle.
Well, I have an idea, and it involves everyone’s favorite price point, free. I put forth that the new paradigm of print is free. For free, people will accept more ads and less content. For free, more people will subscribe to magazines previously abandoned. More eyeballs means that the mags can charge a higher premium for the advertising content. A whole new cycle breaks the old.
Now, before you bolt from this blog calling me an idiot, let me give you some background on how I came up with this idea. It comes from the most frugal person I know, my better half, Effie.