Lousy Newsstand Sales Result in Dismissals
Despite declining sales figures, magazine publishers are flooding newsstands in hopes of increasing circulation and advertising.
Unfortunately, the move isn't working very well; nearly two out of three magazines on newsstands are going unread. And after months of depressing financial news, magazine companies are beginning to take matters into their own hands by shaking up the management structure at many high-profile publications. Here are just a few:
* Bonnie Fuller, editor in chief of Glamour magazine since 1998, was asked to resign May 23 by Conde Nast chief executive Steven T. Florio and James Truman, the company's editorial director. Fuller's contract with Conde Nast was set to expire in August.
Fuller had been asked to leave because of Glamour's recent newsstand sales figures, Conde Nast executives told The New York Times in late May. The editors also said that Fuller had never really gotten off on the right foot with the company's top management and editors.
* Kate Betts, editor in chief of Harper's Bazaar, was asked to resign on May 31, a year before her three-year contract was due to expire, executives at Hearst Magazines said. She will be replaced by another Hearst editor, Glenda Bailey, editor in chief of Marie Claire.
The shake-up comes two years after Betts became the youngest editor in chief in the history of Harper's Bazaar when she was hired at the age of 35 from Vogue. …