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Magazine ABCs: Figures may explain Kampfner exit and The Business closure

14 February 2008

The failure of The Business to build a sustainable sale as a magazine looks likely to have been the reason for the news of its abrupt closure yesterday.

Offical magazine ABC figures for the second half of 2007 reveal that it had a paid-for sale of 9,849 out of a total circulation 41,426. The Business relaunched as a weekly magazine in October 2006 - after ten years as a newspaper. Editor Allister Heath revealed this week that he was moving to financial daily City Am.

The Barclay Brothers' other major magazine, the Spectator, peformed better rising to a new circulation high of 75,633 - up five per cent year-on-year. But of these, only 82.6 per cent (or 65,542) were actively purchased sales - the rest being made up of give-aways.

The sales performance for the New Statesman, also revealed today, may shed some light on news broken yesterday that editor John Kampfner was departing the title. It had a disappointing second half of 2007, dropping 12.7 per year-on-year cent to 26,208.

The Economist remains the undisputed market leader in the news weeklies sector - its UK edition rose 6.7 per cent year-on-year to 181,374. Like the Spectator, it has some reliance on give-aways - only 81.7 per cent of its UK circulation is due to actively-purchased sales.

Dennis Publishing's The Week put up in another strong circulation performance, up 7.7 per cent to 145,197, and Private Eye's fortnightly sale remained steady at 207,566 - down 0.7 per cent year-on-year.

Magazine ABC figures for second half of 2007

News and current affairs mags sales figures (with year-on-year rise)

  • The Economist - UK edition - 181,374, up 6.7 per cent
  • Fortune Magazine Europe - 106,631, down 0.2 per cent
  • My Money - 89,500
  • The Business - 41,426
  • Investors Chronicle - 33,514, down 4 per cent
  • MoneyWeek - 33,383, up 13.2 per cent
  • Private Eye - 207,566, down 0.7 per cent
  • The Week - 145,197, up 7.7 per cent
  • Spectator - 75,633, up 5 per cent
  • Prospect - 26,767, up 20.2 per cent
  • New Statesman - 26,208, down 12.7 per cent
  • The Oldie - 25,859, down 4.4 per cent
  • Time Magazine (British Isles) - 135,496, down 5.6 per cent
  • New Scientist (excluding Austalasia and America) - 113,453 - up 0.4 per cent

 
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