ElectronicSpecifier launches two new digital magazines

2009 has been a dreadful year for publishers, and so I’m delighted that I’m going to end the year with a post about the launch of two new titles. ElectronicSpecifier will launch a monthly pan-European digital magazine in January and a French language title in February. There hasn’t been an announcement about a French website, but I’d confidently predict that unless the magazine is a failure, the site will follow fairly early in 2010.

Unsurprisingly both titles are planned to be “product books”, although I understand that the magazines will also include some industry news.

The launch of a pan-European digital title is easy to understand. ElectronicSpecifier has a strong pan-European list that will provide a circulation of more than 45,000 and a partnership with Hearst that could add another 20,000 readers. Their French list is just over 8500, which could increase to over 10,000 with Hearst’s data.  And of course once you have an editor for the website and a good database, the incremental cost of publishing a digital magazine is very low.

After the recent decisions by Reed and Groupe Tests that left the French market with just one magazine, the launch of a French title isn’t surprising. In fact I know of at least one other publisher with pretty advanced plans for a French print title.

The ElectronicSpecifier titles will use NxtBook as their technology platform. Although not quite matching Ceros, who I think is the industry leader in terms of the reader experience, NxtBook should provide a great platform for the magazines. Unsurprisingly multimedia adverts, including video, animation and sound will all be offered from the first issues.

I’m confident that these titles will prove successful. Firstly these titles are fundamentally low-cost, and I would expect advertising rates to be aggressive. The database has also proven itself to be effective, generating good open and response rates, even though the demographics are not as comprehensive as some other titles. And clearly the French title is entering a market desperate for more publications: in fact I’d say that this launch represents ElectronicSpecifier winning a race to announce a new French title.

ElectronicSpecifier has a clear advantage over digital versions of print titles: the magazine can be designed for on-screen reading and to work synergistically with the web. Replicating a print magazine digitally just doesn’t work, even on large high-resolution screens. Better layout will improve open rates: just look at the “designed for digital” Electronic Design Europe, which has outstanding open rates despite using a simple PDF format for distribution. We’ve not yet seen a product book specifically designed for digital, but I hope that ElectronicSpecifier have the confidence to get away from the format of product news in print titles. This format was designed to drive enquiries through the old bingo card system. In digital titles you just don’t need all the detail: if I’m looking for a product in a digital title all I need is a couple of sentences giving me the main facts about the product, and I’ll know immediately if I want to click through to the full story and datasheet.

I don’t, however, think that the recent flurry of digital titles means it’s all over for print – at least not yet. Open rates for digital titles are low, and few advertisers values a digital reader as highly as a print reader.

Over the next few years, however, e-book readers are going to improve dramatically from the pretty shambolic offerings that we have available in Europe. We’ll then have the standards fight – similar to Betamax against VHS. Eventually there will be one great e-book platform that frankly is better than carrying round a big pile of books and magazines. When this happens, the reading experience will be great, magazines will be delivered direct to your e-book reader, and open rates will rocket. It’s even possible that in the future a digital subscriber will be seen as more valuable than a print reader, although this is a long way off.

Tags: Advertising, Digital Magazines, Electronics, electronicspecifier, ESE, Europe, Online, Reed, Video