The paradox of the ‘lads mag’

I grew up around the time ‘lads mags’ such as Loaded, FHM and Maxim were peaking in terms of launches and print circulation, immediately prior to the rise of the internet. And working in the industry, including a brief period advising the FHM team, I’ve paid attention to the massive decline for the weekly titles such as Zoo and Nuts, and the monthlies such as FHM, which in recent times have seen losses of 32% (Zoo), 22.5% (Nuts), FHM (19.5%) as reported in the ABC figures in August 2011.

At the same time, Nuts is apparently the most popular Men’s Lifestyle website, according to Hitwise, with FHM and Zoo also in the top ten.

So is it that their audience is simply transferring to their websites, and have they cannibalised their audience?

Without access to their analytics, surveys and research it’s impossible to say for sure, but I don’t think so.

I think the fact is that most men aren’t contained within the ‘men’s lifestyle’ category for websites.

 

Where did the male readers go?

The main magazines in this segment have always covered a range of areas, packaged up with some titillating shots of a current celebrity, and the problem is that doesn’t work anymore.

There are a range of sites catering for those in search of bare flesh and celebrities, from adult sites to Youtube to small spam blogs, and all of them are focused for that need.

When it comes to sport, automotive, music, film, fashion etc, the same is true. Even within my own tiny publishing ambitions I can cover motorcycling, online racing games, FPS games etc. All of which come without the risk of offending fellow commuters with a half-naked celebrity when you’re in public.

The newspapers which are most at risk in the digital age are those without the specialist expertise which can fuel a paywall system, or the massive resources to attempt a global audience big enough to command advertising spend. Those in the middle are the ones getting squeezed.

And if you’re targetting a male audience for your products, you can go to communities and websites which have a laser-focus on one particular subject, or you can go for massive web properties and use their targetting to filter your advert to just appear to a huge number of men.

But it’s increasingly difficult to see the value in creating, publishing or spending money with something that tries to be everything to every bloke.

Why it’s dangerous to compare print figures to website stats

Although hardly newspaper/print apologists, both John Duncan and Martin Langeveld have posted interesting articles trying to compare the print/online split in newspaper readership in number terms. Duncan comes in with online having 17% of page impressions on Inksniffer using the Guardian as a case study,  while Langeveld posts that only 3% of newspaper reading happens online.

While I totally agree that it’s easy to overestimate the online figures in comparison to print products, and both articles are good reality checks, I have to say that I think comparing print and online readerships directly in this way  is equivalent to comparing the number of people who drive cars with the number of people with vowels in their name.

And touting the eventual figures is very dangerous.

For starters, the readership of print titles rests on research figures for average shared readership of titles. For instance, the metrics John Duncan quotes are:

From 2007:

Average daily UK uniques for Guardian website: 270576 (after discounting overseas readers etc).

Average UK sales of Guardian/Observer: 310788

But then the UK sales figures is multiplied by 3 to take into account shared readership, becoming 932,364, on figures available by the Guardian.

Meanwhile Langeveld refers to an engagement study from the Newspaper Association of America conducted in February 2006, based on 4594 respondents to a survey.

Now shared readership definitely happens, and without being able to actually see what people do, rather than what they claim, it’s impossible to be totally accurate.

But…

If you’re taking shared readership of print products into account, then surely you’d also need to factor in people reading newspaper website content without ever being logged as a visitor to the site?

That includes people blocking cookies, people using RSS, people reading reposts of newspaper content (Great example of the spread of multimedia news by Martin Belam by the way), people reading content via aggregation sites and site scrapers etc, etc.

And by the time you’ve taken into account all the vagaries of print readership figures (which aren’t a bad guide to something so difficult to measure), and then taken into account the vagaries of online measurement (Less inaccurate, but still pretty fairly vague), and using data and research from 2+ years ago (But that’s probably the most recent readily available)  it starts to be apparent that quoting a an exact figure is pretty irrelevant – especially when some people will undoubtedly take it as gospel.

After all, two years ago, Facebook didn’t have 200 million users, Twitter had just launched, there was no iPhone, there was less broadband penetration in the UK, there hadn’t been events like earthquakes or Mumbai to highlight realtime information, etc, etc.

And there’s a big elephant in the news room: Whoever said that print newspaper readers were guaranteed to only be getting their online news from newspapers?

I can get digital news on my mobile or my PC, via text,audio or video, and via social networks, blogs, websites, link aggregators, RSS, podcasts, videocasts, and from global sources. Whether or not print titles are only seeing a small percentage of their print readership visiting them online is less relevant, than how many of those readers are getting news content online from any source.

So what can you do?

When it comes to looking at the situation now and for the future, the numbers are far less important than looking at data trends.  I’d much rather base a theory or business strategy on a few years of data showing a rise in one area and a fall in another. The numbers are rough guides to point towards when the trends are in the same area, but that’s all.

Just to reiterate, I don’t want to criticise John and Martin for doing what is a useful, if flawed, exercise to highlight caution in assuming that online readership is bigger than it really is, or that print readership is smaller than you might think. As I tried to comment on the Nieman Labs site (sadly it vanished into cyberspace after I submitted it), it’s the way the information is being presented that worries me.

There’s still room for blogs to grow….

I’ve just spotted some research by Emarketer on US blog readership which shows that, despite the justified excitement and uptake of Twitter et al, blog readership is set to grow from 94.1 million readers in 2007 to 145.3 million in 2012. That figure is people reading a blog at least once a month.

Whether or not that’s totally correct, what’s interesting for me is that the 94.1million in 2007 is 50% of U.S. internet users. So 50% of internet users in 2007 didn’t read a blog once a month in that year. Is this because they didn’t know about them? Didn’t care about them? Didn’t trust them? Need them?
Definitely shows there’s still room for growth in the blog world, with blog advertising predicted to more than double by 2012.

U.S. Blog Readers - Emarketer

Get more details, and the option to obtain the full report from eMarketer.