Carey and Carr at NYU Media Talk
Are “two pizza” teams the future of media? Championing the value of start-up staffs being small enough to share, well, two pizzas, Hearst Magazines President David Carey praised the entrepreneurial spirit at the latest NYU Media Talk. Sponsored by The NYU-SCPS Center for Publishing, “Magazines 2011: The New Conversation” featured Carey and David Carr, Media Columnist for The New York Times, talking about important issues facing the industry. “There’s never been a better time,” Carey began about working in magazines. He described his faith in publishing as a ship that can change course, reroute and stay solvent (with proper leadership) in any tide.
Carey is widely known as an eloquent speaker about media. It was David Carr who had suggested him to Center for Publishing Director Andrea Chambers as perfect for the Media Talk. To be sure, Carey was a timely choice: earlier this month Hearst Magazines completed their $900 million acquisition of Hachette Lagardère, acquiring nearly 100 magazine titles in 14 countries, including Elle, Elle Décor, Woman’s Day, Road & Track, and Car & Driver. The merger is a bold gesture that now makes Hearst the largest publisher of monthly magazines internationally, and a dominant player in all sectors of lifestyle publishing. Carey addressed the importance of emerging markets for publishing such as those in China and India) and commented that Hearst’s aim is to have a heightened presence in those climates, meeting the growing demands for consumer goods and Western culture. Next up for Cosmopolitan, noted Carey, was a possible move into Mongolia, though the magazine “takes a different tone” in such climates. Read the rest of this entry »