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It was long a tradition that
publications did not write about other publications. Now we know
why. Publishing sorts are notoriously thin-skinned.
How thin-skinned?
Read this: "It’s
hard to believe that Fortune magazine would stoop to the equivalent
of a child’s temper tantrum when they are not permitted to have
candy."
This bit of rage comes from the angry fingers of Stephen
Colvin, president and CEO of Dennis Publishing, over a Dec. 8
Fortune story headlined "Maxim Has a
Midlife Crisis," in which writer Devin Leonard argues that after
very strong growth, Dennis's U.S. titles Maxim, Stuff and Blender are
showing signs of faltering.
Leonard cites newsstand figures that would lead readers to
believe this was so, then quotes a media person who believes the lad
titles are in trouble.
Colvin, in a letter on Friday to Fortune managing editor Rik
Kirkland, Time Inc. editorial chief Norm Pearlstine and Time
Inc. president Ann Moore, contends that the story, which he describes
as a "despicable
slash and burn job," was in retaliation because the writer was
denied an interview with Dennis founder Felix Dennis.
In a lengthy letter that rips the Fortune story apart,
Colvin, warming to his subject, writes near the end:
"By
publishing an article that wildly distorts the facts and by
displaying zero knowledge of the industry, you’ve got as much
credibility covering your own magazine business as if you had hired
Jayson Blair to be the magazine’s ombudsman."
Rough stuff, huh?
Fortune's Kirkland, speaking late Friday afternoon, would say
little on the record beyond standing behind the story. He says he
will not meet Colvin's demand to run an apology, a retraction and
also publish his letter in full in the magazine.
Kirkland says he will accept a letter to the editor from Colvin,
though presumably one of more modest length.
For sure, the offending Fortune story has its problems, and not the
least is the writer's lack of knowledge of circulation.
At
one point, the writer notes that newsstand sales for music title Blender
fell 26 percent from the January/February 2003 issue to the June issue as
evidence that Blender was losing circulation.
Such a yardstick is
meaningless to begin with--comparisons most commonly are made against
prior-year periods, but also, as Colvin's letter points out, the early
issue of Blender covered two months, so of course it would crank greater
newsstand numbers than the following single issues.
Colvin goes on to knock down other Leonard
assertions, scoring points on similar slights of logic, and in sufficient
numbers to leave a reader believing that Leonard was attempting to
cite whatever number or partial number he could come up with to prove the
Dennis titles were suffering.
Then Colvin goes on to attack Fortune directly, raising issues with
its circulation data, offended by a line in Leonard's piece that referred
to "dirt-cheap" subscriptions in relation to Blender.
"Where do Fortune editors
get the nerve to criticize Dennis Publishing’s circulation strategy when
slightly more than 94 percent of Fortune’s circulation is
subscription-based while selling 'dirt-cheap subscriptions' (to quote
Leonard’s article) equal to $1.15 an issue (regular newsstand price:
$4.99) and almost 10 percent of these subscriptions are bulk.
"Compare that to Dennis Publishing’s very healthy 67.5
percent subscription to 32.5 percent newsstand ratio (industry standard:
84 percent subscriptions, 16 percent newsstand) – and no bulk."
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