Magazine financial news encouraging

Martha Stewart Living Omnimedia (MARTHA STEWART LIVING*, WHOLE LIVING*) this week posted flat revenues for the first quarter with ad pages for the flagship MARTHA STEWART LIVING up 20%…

Residents of the Canadian provinces Ontario and British Columbia will soon find their magazines a little more expensive.  Until then subscriptions have been exempt from the harmonized sales tax but July 1 these will be included and will raise the cost 8% in Ontario and 7% in BC…

Publisher Meredith (BETTER HOMES AND GARDENS*, FAMILY CIRCLE*, MORE*) fiscal third-quarter grew earnings 31% as the company reported advertising revenue rose 4% at its magazine business and 20% for online operations.  The results beat Wall Street’s expectations.  CEO Stephen Lacy said, “While our advertising growth was encouraging, we are still well below historic levels established prior to the recession in both our national and local businesses.”  In magazines, Lacy cited figures showing the company had a 12% share of all industry ad dollars in the most recent quarter, up from 11% in the prior year…


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