A number of print magazines have stopped printing in light of rising print costs and a shift to online mediums.
However, one of the suprise announcements is that Time Inc. is shutting down Life magazine. The company feels that the trend in magazine publishing is gravitating toward Internet publishing. It will maintain the magazine at www.life.com/life, where you can still look up archived copies and covers like the one pictured that my family thinks resembles me. Unlike Janet Evanovich and her jelly donuts, my ashtray runneth over on my desk.
This is the third time that Life has been deep-sixed since 1972. Photo Credit: www.life.com/life
Death of Paper Magazines
Life Magazine Shuts Down
Trend Themes
1. Shift to Online Publishing - The rise of online mediums is causing a shift in the publishing industry, presenting disruptive innovation opportunities.
2. Decline of Print Magazines - Rising print costs contribute to the decline of print magazines, opening doors for disruptive innovations in digital media.
3. Archiving and Digitization of Print Content - As print magazines go out of circulation, the need for archiving and digitizing print content creates disruptive innovation opportunities.
Industry Implications
1. Publishing - The publishing industry must adapt to the shift to online mediums and find innovative ways to engage digital audiences.
2. Digital Media - The decline of print magazines highlights the need for disruptive innovations in digital media platforms and content delivery.
3. Archival Services - With print magazines becoming obsolete, the archival services industry can capitalize on the demand for preserving and digitizing print content.