Although not the first title to have 100% digital circulation (Electronic Design Europe has been digital-only for some years), the decision by Reed to switch EDN Europe to all-digital distribution will have a major impact on the European electronics media.
It’s disappointing to see Reed make such major cutbacks at a time when the industry appears to be recovering, but at least EDN Europe has escaped the fate of EPN France. Reed has also taken a realistic look at advertising rates, slashing them by two thirds, although the title will charge a premium for rich media and video content in the advert.
Of course the cut in advertising price is initially demanded because the circulation will, at first, fall dramatically (the digital circulation is currently only around 11K), but Reed confidently predict the circulation will more than double by the end of 2010. The good news is that Reed will continue to invest in high-quality circulation, promising that they will retain a BPA audit.
If Reed can create a business model that provides a significantly lower cost-per-thousand than print titles – and they certainly should do as the cost of digital distribution is so much less than printing and posting a hard copy – the move to digital circulation could be a success.