OK Publisher Reports of Our Losses Completely Exaggerated

first_imgPeople1768.681527.5715.8 CELEBRITYH1 2010H1 2009%CHNG Star698.8558.8325 Entertainment Weekly502.53412.0122 In Touch456.68393.4216.1 Life & Style242.51172.6940.4center_img OK!560.06429.4330.4 According to Barr, the magazine’s revenues are consistent with its ad page growth. “And our expenditures are those you’d see regularly associated with publishing a weekly magazine,” he says. “Our profits are in line with growth expectations and the normal economic fluctuations. Again, we’re happy to be seeing profitability, but we’ve had out weeks with losses just like others inside and outside of our competitive set.”Circulation DeclinesMeanwhile, the magazine recorded an overall circulation of 695,197 through the first half and missed its 800,000 rate base, according to ABC numbers. OK! saw a 9.6 percent decline in newsstand sales (which made up about half of the magazine’s overall circ) and 35.3 percent decline in verified circ. While Barr says he isn’t overly worried about the declines, he does want to “take the appropriate steps” to address the issue, including coming up with a new subscription model and delivering on rate base.“We take into account that newsstand sales are a reflection of the economy and consumer purchasing habits and also take note that more of our competition has moved away from a heavily-weighted newsstand model,” he says. “Our editors are mindful of consumer wants and each week deliver an editorial product that will generate interest.  We’ve introduced more beauty and fashion service, and continue to evolve our take on entertainment to further differentiate from the competition, but with the celebrity category, weekly relevance is key. So, our editors strive to produce the right formula –that delicate balance that services the news interest and the lifestyle interest—that will deliver us positive newsstand results.”The Magazine is Not ClosingBarr admits that OK! is still a work in progress, and takes exception to reports that the magazine is losing millions and is on the verge of shutting down.“The negativity, which will tell you otherwise and speculate about the magazine’s closing, seems to come from a mixture of sources competing for business and overzealous reporters,” Barr says.  “We don’t dwell on it, but on more than one occasion, and even very recently, we’ve seen a reporter use and twist legitimately old numbers to substantiate a story. Luckily, we know better.”Celebrity Ad Pages Through the First Half (PIB): Celebrity glossy OK!, which was launched into the U.S. market in 2005 by U.K.-based owner Northern & Shell, has since enjoyed steady ad page growth and has been the subject of much criticism—especially on the financial end of the business. According to several reports, Northern & Shell pumped more than $100 million into the launch. And, more recently, reports have indicated that the magazine is losing more than $700,000 per issue.“Financially, the reports of our ‘losses’ are completely exaggerated,” says recently-installed OK! publisher Stephen Gregory Barr. “We’ve said this many times on-the-record: In just five years—during which many magazines have closed their doors—we’ve launched, made ourselves a recognizable name in a crowded category and have indeed achieved run-rate profitability in the past year. Based on this, OK!’s parent company, Northern & Shell has made a fully committed monetary, product extension investment in the U.S.”Barr, who joined the magazine at the end of June, previously served as associate publisher of sales and marketing at Zinio/VIV Magazine and as advertising director at Time Inc.’s InStyle. Through the first half of the year, OK!’s ad pages have increased more than 30 percent, according to PIB figures. Pages grew more than 20 percent through all of 2009. Us Weekly824.85827.33-0.3last_img read more

NOW HIRING 40 New Job Openings In Wilmington Week of December 30 2018

first_imgWILMINGTON, MA — Below are job listings previously published on Wilmington Apple during the week of December 30, 2018:Part-Time Teller at Reading Cooperative BankFull-Time Mill Metal Worker at Tecomet, Inc.Full-Time Inside Sales Representative at Sager ElectronicsFull-Time General Manager at Couto Management GroupFull-Time Business Development Manager at KochPart-Time Tax Intern at Osram SylvaniaPart-Time Product Engineering Intern at Analog DevicesFull-Time Residential Counselor II at VinfenPart-Time Sales Floor Team Member at TargetFull-Time Cook at Glendale Senior DiningFull-Time Customer Success Manager at Casamba, LLCFull-Time Residential Assistant Program Manager at NuPath, Inc.Full-Time Chemical Mix Operator at Lubrizol CorporationFull-Time Heating & Cooling Technician at Super Service TodayFull-Time Drain Cleaning Expert at Super Service TodayFull-Time Sales Manager at Bill Dube HyundaiFull-Time Parts Department Professional at Bill Dube HyundaiFull-Time Automotive Sales Professional at Bill Dube HyundaiFull-Time Assembly Operator at Koch Chemical Full-Time Chemical Operator at Koch ChemicalFull-Time Jr. Data Steward at Heilind ElectronicsFull-Time Service Technician at Cochrane VentilationFull-Time Entry Level Solar Site Surveyor at Vivint SolarPart-Time Merchandise Relief at Frito LayFull-Time Display Media Specialist at World Travel HoldingsFull-Time Marketing Quality Assurance Tester at World Travel HoldingsFull-Time eCommerce Web Analyst at World Travel HoldingsFull-Time IT Business Analyst at World Travel HoldingsFull-Time Manager I (Enterprise Direct Sales) at ComcastFull-Time Cargo Van Delivery Driver at Optima ShippingFull-Time System Administrator at UniFirstFull-Time Global Sourcing Specialist at UniFirstFull-Time Accounts Payable Clerk at AramarkFull-Time Service Technician at AramarkFull-Time Teacher at May InstituteFull-Time Teacher Assistant at May InstitutePart-Time Home Health Aide at Associated Home CareFull-Time Package Handler at FedExPart-Time Servers at 99 RestaurantPart-Time Bus/Server Assistant at Red Heat TavernLong-Term Substitute Grade 8 English Language Arts Teacher at Wilmington Middle SchoolLong-Term Substitute Reading Specialist at Wilmington Middle SchoolSubstitute Teachers, Educational Assistants, Nurses & LPNs at Wilmington Public Schools(NOTE: Wilmington businesses — Feel free to send me your job postings at wilmingtonapple@gmail.com.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedNOW HIRING: 10 New Job Openings In WilmingtonIn “Business”NOW HIRING: 60 New Job Openings In Wilmington (Week of August 11, 2019)In “Business”NOW HIRING: 60 New Job Openings In Wilmington (Week of July 7, 2019)In “Business”last_img read more

Railways may introduce safety cess to raise funds for NRSF Report

first_imgThe Indian Railways is reportedly planning to impose a “safety cess” to mop up funds for its proposed Rs 1.1 lakh crore non-lapsable National Railway Safety Fund (NRSF) so as to upgrade its infrastructure to improve safety standards and avoid accidents.Even though the railway department is contemplating on seeking about 60% of the funds for the safety programme from the finance ministry, it is planning to raise the remaining funds from other measures including a cess.”Apart from the funds expected from the finance ministry, innovative methods would be used to generate resources,” a senior official told The Financial Express.”We may introduce a safety cess for a particular period and may tap the private market too,” the source added.In November last year, the Railway Ministry had formed a six-member committee to work out a blueprint for the programme including the identification of sources for fund generation and areas that need spending.The railways plans to use nearly 20-30% of the funds to upgrade rolling stock and setting up train collision avoidance systems. However, a significant part of the proposed fund will be used to build rail over bridges and under bridges, track renewals, elimination of manned and unmanned level crossings and repair of railway bridges.A proposal to set up a safety funds comes in the wake of rising number of accidents on its network. It saw 69 accidents between 1 April and 15 November in the current fiscal year. Earlier, then Railway Minister Nitish Kumar had introduced a railway safety fund with a corpus of 17,000 crore but it lapsed in 2008.In the four years to 15 November, 2015, accidents at “unmanned level crossings accounted for 38.9% of total accidents and 53.4% of total fatalities”. Currently, the public transporter has 19,407 manned and 10,440 unmanned level crossings on its network.”We have eliminated around 590 unmanned level crossings, closed 192 manned level crossings and constructed around 79 ROBs and 328 RUBs up to November,” a railway official said.last_img read more

Sale of advance bus tickets to begin 18 Aug

first_imgThe sale of advance bus tickets for Eid journey will begin on 18 August, said sources in the transport sector.However, the date for commencing sale of advance train tickets for Eid travel has not been fixed yet.Eid-ul Azha – the second of two largest festivals of the Muslim community – is scheduled to be celebrated either on 2 or 3 September, depending on the sighting of the moon of the Arabic month Zilhajj.Millions of people leave Dhaka to celebrate both of the festivals – the other is Eid-ul Fitr – with their near and dear ones at their home towns and villages.People in the transport sector said they are already getting demand for tickets for 30 and 31 August from the home-goers.Bangladesh Bus Truck Owners Association president Faruk Talukder told Prothom Alo that the sale of advance Eid tickets will begin at 6:00am 18 December this year.When contacted, railway minister Mujibul Haque said the authorities are yet to take a decision on when the sale of advance train ticket will begin.last_img read more

41yearold man hangs himself at his residence

first_imgKolkata: A 41-year-old man committed suicide by hanging himself inside his house at Salt lake EE Block on Thursday morning. Police came to know that the victim Samanway Bhowmick was an LIC agent. The 41-year-old man used to stay alone in the house. Someone known to the victim went to the house and found the man hanging from the ceiling. He informed the matter to other neighbours in the area, who contacted the police. Police went and sent the body for an autopsy. They have initiated a probe in this connection and came to know that the victim had set the volume of his TV ti highest so that no one could hear even if he cries for help. Though police are yet to ascertain the exact reason, investigating officers suspect that financial trouble could be the reason for which he committed suicide.last_img read more