Report: US and Canadian print magazines see their newsstand sales fall over 10% in Q3
The third quarter saw newsstand sales of print magazines tumble in the US and Canada, according to the Q3 report from MagNet. Sales in the US fell just over 10 percent, while Canadian sales were down over 12 percent:
Hearst saw its sales decline 21.9 percent, while Meredith sales were down 16.1 percent, according to the report. Both publishers have strong titles targeted at the women’s category, with bigger percentages of newsstand sales.
Of course, declining newsstand sales have been a feature of the industry for a while, with the loss of the distributor Source Interlink, combined with the loss of newsstand retailers such as Borders, severely impacting the industry.