Bloomberg Pursuits: new title to target global luxury consumers

We’re launching a new title this week for Bloomberg which offers PRs a route to directly target the user audience of the Bloomberg Professional service (“the terminal”).

Bloomberg Pursuits promises to distinguish itself with high-quality journalism that showcases the cultural ambitions and luxurious lifestyles of Bloomberg Markets magazine readers worldwide.

A few words on the audience the magazine will target…

This select audience is not reached by other magazines. These men and women make up the global financial elite, and they collect rare watches and fine art with the same vigor that they bring to their investment careers.

Bloomberg Pursuits covers the world, including fashion in Asia and Europe, yachting adventures in the Atlantic, jewelry in London, exotic cars in New York, resorts in Laos, and more.

And some background on the planned editorial content:

The stories in Bloomberg Pursuits are about Bloomberg Markets’ readers. In many cases, our readers will actually know the people in our stories, literally or by reputation, and connect to them because they lead similar lives.

Bloomberg Pursuits draws from Bloomberg Markets magazine’s award-winning journalists and Bloomberg News reporters based in more than 150 bureaus around the world.

Bloomberg Markets publisher Mike Dukmejian said: “As the marketplace for goods and services expands worldwide and becomes interconnected, brands must now appeal to the increasing number of globally minded consumers. We believe Bloomberg Pursuits is the first luxury lifestyle magazine to embrace this reality.”

It is a powerful example of how a community can be built around a must-have B2B service which can then be monetised in other ways by accessing and engaging with other areas of the professional’s lifestyle.

Bloomberg Businessweek announces global expansion

The business media sector grows apace with Bloomberg Businessweek announcing strategic plans to expand its reach in Europe and Asia. These new editions will offer extended PR opportunities from early 2012 for those practitioners targeting international business leaders.

Full details of the announcement are below which gives the context for the expansion plans and the scale of the opportunity they represent.

August 1, 2011, New York, NY–Bloomberg Businessweek announced today that it will expand its reach in Europe and Asia with two new regional editions and raise its rate base from 900,000 to 980,000 in early 2012. Continuing the momentum of strong growth in ad revenue, paid circulation, and global coverage, the magazine will leverage Bloomberg’s reach to deliver advertisers an even wider, more global, audience and readers more locally-focused content.

Bloomberg Businessweek has seen a strong pattern of growth since relaunching in 2010 and the rate base increase and new regional editions further demonstrate its commitment to continued investment. The global edition of Bloomberg Businessweek posted a 14% increase in advertising pages year-over-year in the first half of 2011 (according to the Publishers Information Bureau) and the addition of 37,000 individually paid subscribers in the second half of 2010, which was up 7% versus the prior year (according to the Audit Bureau of Circulation). The magazine has also revitalized local-language editions in Chinese, Thai, Indonesian, Turkish, Arabic, and a new Polish-language edition will launch later this year.

“Bloomberg Businessweek has been consistently growing and we’re building on this strong momentum and reader demand to expand our audience in the European and Asian markets,” said Bloomberg Businessweek President Paul Bascobert. “We’re excited to be able to provide our readers and advertisers with new, regionally-focused products by tapping into Bloomberg’s incredibly vast global network of editorial staff. Our ability to raise the rate base is a strong indicator that our investments in the brand are paying off.”

The European and Asian editions of Bloomberg Businessweek will feature content from the global edition of the magazine combined with some additional regional reporting from more than 800 Bloomberg reporters in Europe and 500 in Asia.

About Bloomberg Businessweek
Named one of the most successful and influential magazines of 2011 by Adweek, Bloomberg Businessweek is a trusted source of essential, comprehensive insight that business leaders depend on to get ahead. Bloomberg Businessweek offers a global perspective to help senior executives profit from smarter, faster, and more informed decisions. Founded in 1929, the magazine is a market leader, with more than 4.7 million readers each week in 140 countries. Drawing on more than 2,300 journalists in 146 bureaus across 72 countries, Bloomberg Businessweek covers the business world like no one else can.

Spotify US aiming to be ‘more convenient’ than piracy

The long anticipated launch of Spotify in the USA has finally been announced today following completion of deals with the major record companies.

Company founder Daniel Ek tells Bloomberg Businessweek in an insightful interview that his music service needs to be more convenient than piracy to succeed.

“Napster, as a service, worked for the consumer,” he says. “What eventually killed it was that it didn’t work for the people participating with the content. The challenge here is about solving both of those things.”

About 10 million people use Spotify across parts of Europe, with one million paying for its premium service.

What’s particularly interesting is that the Spotify model shows that people do pay for content – in this case music – when it is offered to them in an easy and convenient way. There are opportunities here for other media businesses.

Read the full article here: http://www.businessweek.com/magazine/daniel-eks-spotify-musics-last-best-hope-07142011.html

Introducing The New-Look Bloomberg Businessweek

For all those tracking and targeting global business media developments, the new-look Bloomberg Businessweek has arrived in the UK.

Some background for anyone wanting to consider pitching to this title…

The re-launch of Businessweek follows Bloomberg’s acquisition of the title at the end of last year and the appointment of new Editor, Josh Tyrangiel. The new magazine will also include an increase of editorial pages, allowing double the amount of news stories and features, an improved paper quality, and an investment in the editorial team. The new look Businessweek was designed by Richard Turley, previously designer of the Guardian’s new G2 section.

Drawing on 1,700 journalists in 146 bureaus across 72 countries, Bloomberg Businessweek is capable of covering the business world like no one else can. Founded in 1929, the magazine is a market leader, with more than 4.7 million readers each week in 140 countries.

Details of the wider marketing campaign are covered today by Marketing at:

http://www.marketingmagazine.co.uk/news/999246/Bloomberg-Businessweek-blitz-City-support-revamp/

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