Top Story

e4m_logo.png

Home >> Media – Print >> Article

Magazines are the most fragmented media options, feel media moguls

30-July-2005
Font Size   16
Magazines are the most fragmented media options, feel media moguls

Editors, top media honchos and marketers got together to deliberate on the magazine industry in India today at the Indian Magazine Summit in the National Capital on July 29. The summit has been organised by the Indian Newspaper Society.

The second half of the day covered a session on ‘Media users perspective on challenges and opportunities’. Moderated by Chintamani Rao, President, Universal McCann, the session had some eminent panelists, including Ambika Srivastava, CEO, Zenith Optimedia; Anita Nayyar, Executive Director, North, Starcom India; Kartik Iyer, President, Initiative; and Shashi Sinha, Executive Director, Lodestar Media.

Rao began by saying that magazines presented the most fragmented media options and raised a very pertinent question to the panelists about the ways that had to be adopted in order to make magazines relevant to the advertiser.

Kartik Iyer, the first one to speak on the issue, laid stress on the consumers, who, he said, were more interested in the content of the magazine rather than on the advertising. On how to tackle such challenges, he said, “We need to create incentives to create advertising in magazines. Innovation is mandatory because the consumer is in the magazine for the content of the magazine, he needs to know that there is advertising as well so it is important for us to get into a realm where you are a part of the content and it is something which needs to be done together by the advertising agencies and the publishers.”

Lodestar Media’s Shashi Sinha put forth a very interesting point by saying that “The noticeability of ads in magazines is far far higher than the noticeability of ads in newspapers.”

Zenith Optimedia Ambika Srivastava laid stress on the challenges faced by the magazine industry in terms of ensuring enough ROI. She highlighted the importance of metrics and went on to say that, “Provide better metrics, which can help evaluate the role of magazines in the communication mix.”

Anita Nayyar took Srivastava’s point forward, saying that revenues posed a big problem for the magazine industry, which had a slow reach and was not responsive. She, however, also highlighted the opportunities for targeting the youth and women.

The evening concluded with a vote of thanks from Ashish Bagga, Chairman, Periodicals and Magazine Committee, INS, and Publishing and Executive Director, India Today Group, who said that, “The objective of the summit was to raise the level of engagement of magazine publishers, magazine space sellers, brand managers with the community.”

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

The aim is to advance the company’s goal of simplifying its business and drive deeper service connectivity to its clients