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H Bauer has issued media agencies with a 'money-back guarantee' in a bid to persuade them to take ads in its ailing men's weekly Cut.
The publisher's sales arm, The Publishing Consultancy, has promised agencies that Cut will deliver a settle-down circulation of 100,000 or they will receive a refund.
Unofficial retail industry sales figures for Cut's first full-price issue (its first two sold at half price, 50p) suggest that it has achieved a sale of just 30,000.
The unofficial figures also show its first two discounted issues sold just 7 per cent of their print run, with 50,000 copies sold from a print run of 700,000.
However, Simon Young, the managing director of TPC, argued: 'It's nigh-on impossible to give an accurate figure - it's too early.'
Cut entered the men's weekly market last month, eight months after the launch of IPC Media's Nuts and Emap Consumer Media's Zoo. Nuts has a circulation of 290,337 and Zoo of 200,125.
Young said: 'We are seeing agencies and ...