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Time Inc.'s Maghound: How Come So Few of Us Are Sniffing It Out?

By Catharine P. Taylor | Jul 7, 2009

While I’m sitting around waiting for New York magazine to get back to me about whether it outsources subscriptions to the non-BBB accredited D&T Connection thought I’d post about Maghound. What? haven’t heard about this service, which lets consumers package a certain number of magazines into one low monthly cost? As low as $4.95? Well, me neither.

Turns out it’s a Time Inc. venture that’s been around for almost a year now, and the reason that you haven’t heard about it, per its president, Dave Ventresca, is because Time Inc. has been quiet about Maghound while it works  out the bugs. A year to work out bugs? No wonder that, according to a story I read about this in Mediaweek, Maghound subscriptions are making up less than one percent of subscriptions at some participating magazines (not all of which are part of the Time Inc. family).

No, wait a minute. Hold that thought. While Ventresca says that Maghound is about to ramp up promotion, it strikes me as peculiar that this doesn’t have more traction. Doing a quick Google search shows that this Netflix-style approach to magazine subscriptions has actually received quite a bit of buzz in the last year; 288,000 mentions to be exact, including one more than a year ago from my BNET Media colleague David Weir. (Given the quirky name, you can feel more assured than usual that most of these mentions are referring to the service.)

It’s not as though we live in a time where promotion is solely the province of those in charge of the product or service they’re advertising. A few blog posts in the right places can be better at accomplishing promotion than the banner ads and direct mail efforts Ventresca promises are right around the corner. It appears Maghound has had some of that.

So what’s the problem? Hard to say. The list of magazines included is now totalling over 300, and it’s not a bad list — besides Time Inc. titles, users can subscribe to Men’s Health, National Geographic, Glamour and Dwell, among others. Plus, you can change what you subscribe to on the fly; that’s probably a first for the magazine business. Next time the hubby and I are considering whether to re-up on some subs that we dropped to be in keep in step with these financially-constrained times, I’m going to point him to Maghound.

Catharine P. Taylor has been covering digital media and advertising for almost 15 years and is a frequent speaker at conferences about media and advertising. She posts daily to BNET Media, writes the weekly Social Media Insider column for Mediapost and also has her own advertising blog, Adverganza.com. Follow her on Twitter or subscribe to the BNET Media Twitter feed.

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    1

    hotweir

    07/07/09 | Report as spam

    RE: Time Inc.'s Maghound: How Come So Few of Us Are Sniffing It Out?

    Thanks for reminding me of that post about Maghound I did last summer. I think it was one of the few times I used the cliche -- "size matters" -- referring the size of Maghound's short tail. Anyway, it's fun to catch up with the company, which still seems somewhat flawed to me.

  •  
    2

    Cathy Taylor

    07/07/09 | Report as spam

    RE: Time Inc.'s Maghound: How Come So Few of Us Are Sniffing It Out?

    I think there are flaws, but also some good stuff, now that there's a critical mass of magazines. It's not the long tail that's a concern in my opinion; it doesn't need to offer as much as Netflix to still be a great value compared to what people pay to subscribe to the same magazines normal.

    I also wonder if there are warring factions over Maghound within the publishers that are participating. From a consumer perspective, the smart thing to do, when someone cancelled a subscription, would be to turn them onto Maghound to keep them as a subscriber, but there may well be factions inside these companies that don't want to make it clear to consumers that subs can be gotten even more cheaply than what they are currently going for.

    Cathy

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