Re: Major Taylor

On Wed, 4 Jun 2025 05:13:31 -0400, zen cycle
<funkmasterxx@hotmail.com> wrote:

On 6/3/2025 1:12 PM, Jeff Liebermann wrote:

On Tue, 3 Jun 2025 06:10:26 -0400, zen cycle
<funkmasterxx@hotmail.com> wrote:
 

ok, mr "business consultant", If you seem to have some sort of innate
understanding of the magazine business, run some quick numbers here
showing the number of ads and the cost per ad that would be necessary
for the New Yorker to be profitable, and then prove they aren't meeting
the required revenue to meet profitability.

 
That will be rather tricky.  The New Yorker is owned by Conde Nast,
which in turn is owned by S.I. Newhouse, which is owned by Advance
Publications.
<https://en.wikipedia.org/wiki/Advance_Publications>
All the above companies are privately held, issue no stock and
therefore are not required to publish quarterly 10Q financial
statements.  Advance Publications has a large list of subsidiaries,
making The New Yorker a rather small part of the puzzle:
<https://en.wikipedia.org/wiki/List_of_Advance_subsidiaries#Cond%C3%A9_Nast>
 
The best I can find is the Conde Nast UK Profit and Loss report up to
Dec 31, 2023:
<https://find-and-update.company-information.service.gov.uk/company/00226900/filing-history>
<https://find-and-update.company-information.service.gov.uk/company/00226900/filing-history/MzQ0NTEwMzI0OWFkaXF6a2N4/document?format=pdf&download=0>
The Conde Nast balance sheet starts on document Page 11.  It looks
like it only includes UK financials.

 

It should be a breeze for our tommy!

Agreed, especially when the breeze is powered by hot air.

He wrote:
"something as simple as numbers of subscribers and running costs baffles
you. "

Actually, calculating the number of subscribers is tricky.  What does
one do with complimentary free copies, varying media formats,
libraries, discounts to distributors, shrinkage, and so on.  The way
these are handled are specified by circulation auditors.  For example:
<https://auditedmedia.com>

The clear implication is that he has some in-depth understanding of the
magazine business, and someone with that knowledge _should_ be able to
do a bal-lpark guesstimate of estimating the advertising revenue
necessary to profitably run a glossy print magazine with that number of
subscribers.

Circulation is only one factor in profitability.  Having a large
circulation is not a guarantee of being profitable.

Speaking of guesstimates, I suggest viewing how Enrico Fermi was able
to generate reasonable estimates based on minimal data:
<https://www.youtube.com/watch?v=QtKfJ1Dv6ks>  (15:50)
<https://www.youtube.com/watch?v=gjV1r4gkIi0>  (9:50)
The method might prove useful for estimating The New Yorker
profitability.

Seriously jeff, don't you know by now that tommy knows _every_ thing
about _every_ thing?

I really like one of Tom's methods.  He proclaims that someone
(usually me) does NOT know anything about a topic, and then declares
that this implies that he knows that he is an expert on the topic. 




--
Jeff Liebermann                 jeffl@cruzio.com
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