Hearst Magazines is considering a major overhaul of 124-year-old flagship Good Housekeeping in a bid to move it from a service title to a lifestyle magazine. Lifestyle readers tend to be
younger and more affluent.
If a marketing test goes as expected, the company may raise GH's cover price by a dollar, to $3.49, increase the trim size and reduce its 4.6 million-rate base.
A decision is expected to come within two to three months. "If the metrics play out, we will take the magazine up a size," says Michael Clinton, CMO at Hearst. "It would be a huge investment that
would position the magazine for the next 125 years."
In considering a revamp for Good Housekeeping, Hearst hopes to duplicate results it had at 105-year-old Redbook. Two
years ago, it increased that book's trim size by 5%, upgrade the paper stock and added sex and fashion content. Hearst also lowered Redbook's rate base and raised the cover price to $3.50 from
$2.99. The result: in 2007 Redbook's ad pages grew 8.8 % when the rest of the industry grew 2%, per PIB.
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