For the second half, publisher Will Schenck said the company expects Men's Journal's newsstand to be down about 25 percent, to 85,840, but that compares with the December 2005 period that included the bonus circulation. Without the bonus circulation, Schenck estimates newsstand will fall by 5 percent. "That said," added Schenck, "the newsstand performance is not the reason Jim's here."

Kaminsky comes as Men's Journal will give more editorial focus to upscale luxury lifestyle as Best Life and Men's Vogue grow in popularity. It will also shrink its trim size effective with its May issue to a standard format like that of GQ and now Details. Schenck said the move came so advertisers won't need to resize their ads for placement.
— S.D.S.

TIME'S UP: Time Warner Inc. reported its fourth-quarter and full-year earnings results Wednesday and while revenue was up 8 percent to $12.4 billion for the quarter and increased 4 percent for the year to $44.2 billion, the company's publishing side, Time Inc., experienced a decline of 1 percent, for both the fourth quarter and full year. Wayne Pace, executive vice president and chief financial officer, explained the decrease can be attributed to lower revenue at its domestic magazines and the closure of Teen People. However, he said the sector was offset by higher online advertising revenue.

Time Inc.'s subscriptions grew 2 percent for the final quarter and lost 1 percent for the year, while advertising numbers fell 1 percent for the quarter and grew 2 percent for the year. Separately, a senior official added that no further management changes are planned for this year.

Dick Parsons, chairman and chief executive officer, said that Time Inc. continues to be the leading magazine publisher, in terms of readership and advertising share. He added that its digital strategy is working and more is in store. Parsons reported that people.com is the number-one online celebrity destination, in terms of engagement, with average monthly page views up to 350 million, and tmz.com — a joint venture between AOL and Telepictures Productions — is the number-one celebrity site in unique visitors per month.
— Amy Wicks

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