NOW Magazine Print Readership Continues to Climb Furthering Opportunities to Monetize Through Digital Transformation
M
edia Central Corporation Inc. (CSE: FLYY, FSE: 3AT) (MediaCentral or the Company) announced notable growth in print readership for its wholly owned property NOW Magazine (NOW or NOW Magazine) as reported in the Spring 2020 Vividata Study.
Released on May 5th, Vividata's Spring 2020 Study showcases NOW's print readership at 1,776,000 monthly readers compared to 1,636,000 monthly readers reported in February 5th in Vividata's Winter 2020 Study1. This represents an impressive 9.3 per cent audience growth within a three-month period.
NOW's audience growth also extends online at nowtoronto.com. As shared in a recent release announcing exponential growth across all MediaCentral brands, NOW's digital audience has increased by double-digit percentages month-over-month since earlier this year. During a three-month period from February 1, 2020 to April 30, 2020, monthly users spiked by over one million from 736,282 to 1,791,5202, at an increase of 143 per cent.
NOW's print performance demonstrates the value that traditional newspapers still have as brand anchors in the rapidly changing publishing world. Since acquiring NOW in late fall 2019, MediaCentral has invested in content diversification, digital transformation, and omnichannel content distribution to transform this iconic title into a profitable modern media brand. Under the leadership of our Editor, Kevin Ritchie, the talented team at NOW continue to adapt, innovate and outperform, driving remarkable growth across the brand's print and online channels, said Brian Kalish, CEO of MediaCentral. It's now up to us to capitalize on this growth by continuing to convert, digitize and monetize our rapidly growing audience.
Since acquiring NOW in November 2019, and the Company's Vancouver-based flagship title the Straight in February 2020, MediaCentral has executed an aggressive strategy to grow and digitize its audience while introducing new opportunities to monetize the publications. In recent months, the Company has implemented new digital revenue streams through technology-based innovations including affiliate marketing, automated marketing and programmatic advertising.
MediaCentral is actively searching for synergistic and accretive acquisition opportunities to further expand the Company's reach across North America as the Company continues to execute its plan to consolidate, unify and monetize over 100 independent urban publications and their audiences.
✔️ NOW Magazine Print Readership Continues to Climb Furthering Opportunities to Monetize Through Digital Transformation
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