Hearst, Conde Nast Suffer Double-Digit Sale Declines

WWD: Newsstand sales for magazines fell 11% in 2014, but those losses have slowed, as the supply chain has begun to stabilize, according to data from MagNet. Hearst, Conde Nast and Wenner suffered double-digit declines in sales, as they slashed their newsstand print orders and upped their low price subscription offerings to drive circulation. Time Inc. and American Media Inc. were harmed the least. This is due partially to the fact that cover price increases were implemented earlier in the year.