Magazines Now: Rolling Stone audience grows 15 months after launch

Rolling Stone

PwC’s Media Outlook Report had several sobering forecasts for magazines

The Brag Media secured the rights to return the Rolling Stone brand to Australia in 2019. The brand first reappeared in Australia online and the quarterly magazine launched last year.

According to Roy Morgan readership data the magazine has already built a readership of 180,000. (See below for more.)

The magazine has a long history in Australia and over the years it has cropped up at several publishing houses as well as a number of small indies also having a crack.

An Australian edition of Rolling Stone was originally launched by Melbourne-based publisher Phillip Frazer in 1970 with varying amounts of local content. The rights later changed hands to a trio of journalists Paul Gardiner, Jane Mathieson and Paul Comrie-Thomson and much later in the 1990s came under the control of publisher Phillip Keir and journalist Toby Creswell.

Ownership later transferred to ACP Magazines and later indie publisher Paper Riot before the last edition rolled off the press in January 2018.

Looking after the overall editorial for Rolling Stone Australia is Poppy Reid, managing editor of The Brag Media. Although The Brag Media currently has over 20 brands, it actively commissions local content for just some of them. The other brands include the trade title The Industry Observer and another consumer music brand, Tone Deaf.

The chief executive of The Brag Media is Luke Girgis. “Luke and I went to New York when we’d first looked into the deal with Penske Media Corporation (PMC) to license Rolling Stone here,” Reid told Mediaweek.

“We went over to New York and visited their offices in Fifth Avenue. We met with all of the different departments. We met with Jerry Portwood, Rolling Stone’s, digital director, and he summed up succinctly how Rolling Stone magazine decided on long-form features. He said, ‘Look, you know, we don’t break artists, we anoint them.’

“That’s really stuck with me, in terms of how we should be choosing the covers,” continued Reid. “It’s not about breaking artists and showing readers the next big thing. It’s about anointing them.”

Rolling Stone

The Brag Media’s latest edition
Top: Two of New Zealand’s best exports – Keith Urban with Poppy Reid

Reid said that was one of the decisions behind putting Keith Urban on the cover. “He had never been on a Rolling Stone cover before. It just felt like it was time.”

As to what works editorially, Reid noted a mix of music and lifestyle was essential. “Sex, drugs and crime work really well. A piece on the seven scariest Australian serial killers was was a fun few months work diving inside the minds of these killers.”

The deal for using content from the US edition of Rolling Stone ensures a pipeline of solid gold content. “Our deal with PMC means we can syndicate all of their articles, plus all of their video content as well onto our own platform. If they do a big long-form documentary or a video interview, we can then upload that onto our own socials and our own platforms. We’re syndicating about eight to 15 pieces a day depending on what’s available.”

Rolling Stone looks like it’s had good support from advertisers, but they are not about to turn away additional support.

“We have had instances where we’ve had to cut down copy or leave features out of the magazine, because we’ve sold so many ads, which is a great problem to have,” said Reid.

Power of the brand

The Rolling Stone name helps open doors, noted the local managing editor. “Oh, it’s wild. I used to work at the Music Network. And then came over to The Brag Media. We would sometimes be almost begging for certain interviews, say like Dave Grohl from Foo Fighters. We’d make our case, including how many clicks and the size of the audience etc. Now he just kind of say the name of the artist we want and we’re in!”

See also: How good is the brave Rolling Stone launch edition?

PwC’s magazine outlook

PwC’s Media Outlook Report released earlier this year had several sobering reminders and forecasts for the sector. Not that it really needs any more of a wake-up call.

The total consumer magazines market declined to A$482 million in 2020, representing a decline of -27.3%, said PwC.

The Report continued: The impacts of COVID-19 on consumer magazine print circulation and advertising revenue, coupled with the subsequent closure of some of the country’s most popular titles, accelerated the decline of Australia’s magazine revenue in 2020.

Despite declining revenue, magazine consumption has held relatively strong.

Diversification continues to be a driver of magazine revenue, with special events, experiences, and partnerships driving alternative options for consumers and advertisers alike. In October 2020, Vogue’s Fashion Night In festival promoted brand partners through access to special sales, prizes, online events, and masterclasses, all available virtually during the pandemic.

It is anticipated that we will see more magazines applied into new and diversified formats as a strategy to revive the sector and feed changing consumption preferences accelerated by the pandemic.

Advertising and circulation forecasts

From an advertising revenue figure of $280m in 2016, PwC is forecasting that to drop to about $90m in 2025.

From a consumer magazine circulation revenue figure of around $650m in 2016, PwC is expecting that to drop to close to $300m by 2025.

SMI data for the financial year ending June 30, 2021 reported that while year-on-year ad spend on printed magazines was down 35.5%, it was partially offset by growth in digital magazine ad spend of 10.5%.

Roy Morgan Readership

Several months ago we ranked by Roy Morgan readership the top six magazines in Australia as at March 31, 2021.

The recent June 2021 readership update for those titles is below with YOY change.

Most read magazines

Coles 5,061,000 11.60%
Fresh Ideas 4,597,000 15.10%
Club Motoring 2,543,000 6.70%
Better Homes & Gardens 1,679,000 3.50%
Bunnings Magazine 1,629,000 40.30%
Australian Women's Weekly 1,475,000 18.70%

In the weekly marketplace, the two fierce rivals are now of course under common ownership, as are the top five.

Australia's most read weekly magazines

Woman's Day 752,000 -2.70%
New Idea 614,000 -10.90%
That's Life 492,000 9.80%
Take 5 490,000 6.50%
TV Week 377,000 62.50%
Big Issue 270,000 35%
AFL Record 200,000 -9.80%
Time 185,000 7.50%
New Scientist 183,000 -33.70%
Who 150,000 -21.50%
English Women's Weekly 101,000 -9.00%

For a more complete picture of the magazine marketplace here is the complete list of magazine readership figures for the past 12 months as recently released by Roy Morgan

There was an impressive Covid recovery for a number of titles, including several bouncing back with readership increases over 100,000. There were however still plenty trending down too.

Roy Morgan Readership June 2021

Magazines Readership 000s
June June % Change
2020 2021
4X4 Australia 149 262 75.8
AFL Record 186 200 7.5
APC 73 68 -6.8
Australian Country n/a 78 n/a
Australian Geographic 548 478 -12.8
Australian Golf Digest 50 139 178
Australian Gourmet Traveller 181 248 37
Australian Motorcycle News 80 104 30
Australian Traveller 68 122 79.4
Australian Women's Weekly 1,243 1,475 18.7
Backyard & Outdoor Living n/a 73 n/a
Belle 104 127 22.1
Better Homes and Gardens 1,622 1,679 3.5
Big Issue 200 270 35
Bunnings Magazine 1,161 1,629 40.3
Coles Magazine 4,535 5,061 11.6
Cosmos 56 73 30.4
Country Style 208 243 16.8
Delicious 231 362 56.7
Diabetic Living 152 178 17.1
Eat Well n/a 106 n/a
English Woman's Weekly 111 101 -9
Family Circle 134 111 -17.2
Fishing World 185 161 -13
Foxtel Magazine 169 333 97
Frankie 294 257 -12.6
Fresh Ideas 3,994 4,597 15.1
Fresh Water Fishing Aust. 100 75 -25
Gardening Australia 364 539 48.1
Golf Australia 47 147 212.8
Gourmet Traveller Wine 57 82 43.9
Grand Designs Australia n/a 151 n/a
Halliday (was Wine Companion) 23 32 39.1
Healthy Food Guide 265 188 -29.1
Home Beautiful 262 330 26
Home Design 81 121 49.4
Homespun n/a 52 n/a
Horizons (WA) 285 256 -10.2
House & Garden 402 640 59.2
Inside Out 100 110 10
Journeys (Tas) 35 28 -20
Just Cars 154 182 18.2
Kitchens & Bathrooms n/a 100 n/a
Marie Claire 287 265 -7.7
Men's Health 196 241 23
MindFood n/a 102 n/a
Money Magazine 104 244 134.6
The Monthly 135 129 -4.4
Motor 108 131 21.3
National Geographic 982 969 -1.3
New Idea 689 614 -10.9
New Idea Food 86 82 -4.7
New Idea Retro n/a 127 n/a
New Idea Royals Monthly 494 331 -33
New Scientist 276 183 -33.7
Open Road (NSW) 850 1,066 25.4
Organic Gardener n/a 166 n/a
PC PowerPlay 48 86 79.2
PlayStation 87 200 129.9
Prevention 63 76 20.6
Qantas Magazine 260 367 41.2
Quilters Companion n/a 62 n/a
Reader's Digest Australia 393 446 13.5
Real Living 84 89 6
RM Williams Outback 157 265 68.8
Road Ahead (Qld) 495 626 26.5
Rolling Stone n/a 180 n/a
SA Motor (SA) 213 197 -7.5
Selector 58 47 -19
Street Machine 191 220 15.2
Take 5 (Weekly) 460 490 6.5
Take 5 Bumper Monthly 530 569 7.4
Taste.com.au Magazine 577 657 13.9
That's Life! 448 492 9.8
That's Life! Mega Monthly 414 563 36
Time 205 185 -9.8
TOTAL Motoring Club Magazines 2,384 2,543 6.7
TV Week 232 377 62.5
Unique Cars 130 164 26.2
Vacations & Travel n/a 127 n/a
Vogue Australia 344 351 2
Vogue Living 143 260 81.8
WellBeing 138 102 -26.1
Wheels 160 237 48.1
Who 191 150 -21.5
Woman's Day 773 752 -2.7
Women's Health 216 205 -5.1
Women's Weekly Food 279 148 -47
Source: Roy Morgan
Period: 12 months ending June 2021
Reach estimates for print titles only

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