![]() Its gross margin declined marginally from 82% to 80%. In its unaudited results for the six months ended 31 December 2021, which were released at the end of March, Time Out Group reported a net revenue increase of 106% to £24.7m. Four months later it returned to print with an issue dedicated to founder Elliott, who passed away on 17 July 2020. In March 2020 the magazine went digital-only for the first time since it launched after reporting a “slowing” of advertising revenues due to the pandemic. That’s why we’re making the bold move to a digital-first model based on robust consumer insights, which is an exciting plan to keep Time Out relevant and thriving for years to come.” He added: “The Time Out London magazine remains a big success, but we’re currently seeing the most exciting growth, engagement and innovation on our digital channels. We have already made progress with this same transition with huge success in the USA.” “We will continue to innovate and grow our digital channels, especially across social media and video. “Our content celebrates the very best things to do in London and around the whole of the UK across culture, entertainment, travel, food, drink and all the other things we and our audience love. Time Out Group CEO Chris Ohlund said: “Time Out needs to make sure it’s creating the right content, on the right channels and platforms where our consumers are now. Tony Elliott started Time Out in London in 1968 and the business now has a global monthly audience of 76.2 million people across 333 cities, in 59 countries via its media channels – digital, social, video, print – and seven Time Out Markets across the world. Walstead currently prints Time Out London, which has an average print run of 310,000 magazines fortnightly. The business said the coronavirus pandemic had accelerated a transformation that was already underway. “As such, the business has made the difficult decision to cease printing a hard copy magazine in London at the end of June 2022.” ![]() “While Time Out’s core DNA and offering – celebrating and curating the best experiences in the best cities around the world – has never been more relevant, city life has changed, people have changed, and Time Out has changed too,” the company said in a statement. Buy a membership and come as often as you like and bring your family.The business said it “has taken the strategic decision to move to a digital-first model” and will focus its efforts on digital channels, live events, and Time Out Market. Members can access the exhibition at any time without pre-booking. Booking in advance is recommended to avoid disappointment. If online tickets are sold out, a limited number of tickets will be available to purchase onsite on a first come first served basis. Tickets for this exhibition are selling fast. The permanent collection Design Makers User will start closing at 17:45 as usual.ĭownload a large print guide from the access information page. Gallery spaces will start closing at 20:45.
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