Financially Beleagered, CHOW Magazine to Take Another Hiatus
The fledgling food magazine, CHOW, recently reviewed here at the Paper Palate, has sent email out to subscribers noting that it will be at least six months before another issue arrives, because they are taking a break in order to raise enough funds to keep the magazine going without another interruption, and so they can develop a better web presence to go accompany its print publication.
However, as Nick Vagnoni of Slashfood (the source for this announcement, since I don’t have a subscription) notes, there is no information up on the website, nor have they taken down their subscription forms. That makes me a trifle, oh, suspicious.
I will cool my usually cynical tongue for a time, however, as it may be that the staffers simply have not gotten to the point where they are going to halt subscriptions, or at least note on their online subscription form that it may be at least six months before anyone who signs up may recieve an issue, if at all.
This is not the first time the hip, new magazine has fallen into dire financial straits. Founder and editor Jane Goldman ruefully noted this in the opening words of the latest issue, November/December 2205: “At the risk of sounding whiny, I will tell you that it’s not easy putting out a new, independent food magazine.”
The New York Times reported in October 2004 that magazine was started on a shoestring and a dream, with $300,000 start-up capital provided not by wealthy silicon valley investors, but by Goldman’s family and friends. The tiny staff worked out of Goldman’s San Francisco apartment, with friends providing art and articles to get the premier issue up and running. (To read the entire story, which is archived and you have to pay to read at the NY Times, check this link to bookofjoe,a blog where the entire story is copied verbatim. I did buy the archived story to make sure it was all there at bookofjoe. It is.)

The first issue came out in November of 2004; then, although it was meant to be a bimonthly magazine, the Wall Street Journal reported in May 2005, that, due to the lack of investors, the second issue did not appear until June 2005. In the summer, Goldman revamped the website, hoping to establish a voice on the Internet that would draw readers to the print publication, however, that gambit seems to have failed to net continuing financial support.
But it isn’t just CHOW that is taking a beating in the tough world of print media. According to statistics reported in the WSJ story above, 38% of new print magazines survive their first year, and only 20% of those will continue to publish and achieve long-term success. The food magazine market is glutted with titles at this point, and it is very hard for new publications to establish a newstand presence when competing not only with old standards like Bon Appetit and Gourmet, but also with new Internet media such as blogs.
Even these giants of the food magazine biz have had hit a few rough financial patches recently. Media Week reported January 16 that ad pages for Bon Appetit fell 15.5% last year, while Gourmet’s dipped a modest 8.5%. This revenue loss is attributed to lower strength in the wine and spirits category, and food and restaurant ads.





I can’t say I’m surprised, given Goldman’s ominous tone in the November/December issue I reviewed.
I know many have felt that CHOW hasn’t lived up to its hype. I have to admit, though, that I feel a little twinge of sadness. I was curious to see how this new publication would grow, change, and develop.