On Hearst’s e-reader for periodicals

Huh, I didn’t see this coming. Hearst has announced plans to launch it’s own e-reader with a larger screen than is found on the Kindle to cater to the needs of newspapers and magazines who are used to big ol’ pages. They plan to open up the platform to make it as enticing to publishers as possible, in particular not prescribing payment models. They’ll also let the device be branded. Honestly, this whole thing makes just about 0 sense to me – unless it is going to be so freaking cheap/disposable that publishers will be able to simply send it to their print subscribers and provide them a digital version of the product for the same costs as printing and mailing them print media. Which, seems, well, like that’s probably not going to happen.

First and most obviously, the chance they have at success in creating a popular consumer electronics device is just about 0%. It just isn’t easy even for people who are used to doing so – a publisher with no electronics experience doesn’t seem likely. Who knows, though, stranger things have happened – sometimes it takes a really fresh perspective to hit it out of the park. No, what really gives me pause was that at no point in discussing this product do they mention consumer needs. They don’t say what problems that consumers have with existing options will be addressed, instead they talk only about needs of publishers and payment methods. Clearly, the consumer isn’t the focus and that pretty much means non-success.

Second, it’s e-readers are all about the content. It seems that an e-reader who’s primary content is periodicals won’t be compelling enough. Even in the event that they get some significant number of publishers to sign up, I’m not clear that people really want something just to read periodicals on. To some degree given that these are short form writing (as opposed to book length reading) – reading them on smart phones and computers and what not is pretty reasonable to do.

Third and most rumorly, Amazon’s reputed to be coming out with a “student edition” kindle that will have a larger screen. Which is, seemingly, a good portion of why Hearst is planning on making theirs…

It’s good to see that publishers are looking ahead of the curve and embracing technology like this. But I think in this case it doesn’t seem like a good idea to strike out on their own. Pulling together as a group to try and wrangle with Amazon to deal with more of their needs would seem like a better use of their time – especially now when the platform is just emerging and Amazon needs all the content they can get their hands on.

My guess is that this product won’t see the light of day. On the other hand, I would love to be pleasantly surprised. Look at the success Hulu had despite my (and the rest of the nerd world’s) incredible skepticism. I would love to see some great e-readers hit the scene – competition is good. If they can make a foldable one with a good interface, damn that would be sweet. It’s just from the admittedly limited talk on the product it doesn’t seem like it is in the cards. I hope I am wrong! What do you think? Are you looking forward to an Esquire branded e-reader to replace your zines?

  • At first read, I was pretty skeptical of your suggestion for the Kindle to adopt the cell phone model of subsidized hardware sales - but that was just knee jerk because I hate the mobile companies and love Amazon. :) It's a fantastic idea - if one, at kindle purchase time could check various 1 or 2 year subs to various magazines and have each one lop off some of the purchase cost.

    I also agree - long term digital is going to be the way. Paper will be more of a niche product, not the mainstream way of distributing news. I think the Kindle was effectively the opening shot in that trend. I hope you're right that as the Kindle gets more popular (for whatever reasons...) that more books come in. Time will tell, but I'm feeling optimistic!
  • robb.
    as a kindle2 owner (thanks, everyone I'm related to for this excellent christmas gift) I think that it is fantastic for reading the Times and the New Yorker. I wish Harper's (the only other periodical that I feel real love for) was in the system.

    I think that the next generation of Kindle-ness needs to adopt the model that US mobile phone companies use for offsetting handset charges. It would be fantastic to be able to commit to a 1 or 2 year contract for NYT or New Yorker subscription (perhaps at a slightly higher rate, even) to offset $150+ of the reader's cost. Ideally you'd be able to subscribe to NYT, NYorker, Newsweek, Harper's and a few other periodicals (Granta, Virginia Quarterly Review, the Economist, say) and pay nothing for the reader itself.

    It would be guaranteed revenue for Amazon and the periodical publishers that they could take to the bank and would allow anyone to get a device in hand with a $30-50/month charge with little or no money down.

    If anything I think that the Kindle is a stronger seller in this market than fiction/nonfiction books (which, despite the 100,000's of titles available has too-few of those that I'm looking for. Higher adoption rates would draw more book publishing houses in.

    Most importantly it would begin to remove the ad-dependent business model that a lot of these magazines run by these days which should/could increase the independence of the journalism within their (more virtualized pages.)

    The reduction of paper waste would be another very valuable side effect. The times cuts down hundreds of old growth trees a day to print, then runs the wood through a pulping process that is harmful to the environment, then prints in an energy-intensive manner, then uses hundreds of gallons of gas to distribute. Paper recycling is not currently profitable to boot, so we have taxpayer subsidized recycling or we just put the paper in landfills. Wood should be left standing or it should be used for more important things than the transient conveyance of words. pixels are much better for that, and I think the everyone can agree that my dollars going straight to reporter's payrolls and investment in publishing businesses is a better use of cash than supporting such a wasteful manufacturing model.
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