IPC Media has announced a 30-day consultation with staff about the potential closure of Nuts and Nuts.co.uk. IPC Inspire managing director Paul Williams said:
After 10 years at the top of its market, we have taken the difficult decision to propose the closure of Nuts and exit the young men’s lifestyle sector. IPC will provide impacted staff with all the support they need during the consultation process.
There are several factors behind the decision. First, falling sales. In print, it now shifts an average of just 53,000 copies and digital figures are a pitiful 8,000 an issue.
Second, Nuts and its rivals have been under attack from women’s lobby groups for the past year as a form of harassment. Time-Life, the strait-laced US owners, undoubtedly hate this – Maxim founder Felix Dennis has pointed out that a magazine like Nuts could never have been launched in the US: ‘anyone who does [try to] will be utterly crucified because there isn’t anywhere to sell it. There’s not a supermarket in America that would touch [Emap's and IPC's weeklies] Zoo or Nuts.’
Also, Nuts has been looking exposed since IPC sold lad’s mags pioneer Loaded four years ago
Yet, when Nuts and Zoo launched in 2004 it was one of the great publishing races of the decade – IPC gave away a million free copies through WHSmith. At stake was leadership of a weekly men’s market alongside women’s in a way that gave hopes of turning the publishing clock back to the 1950s. IPC beat Emap (since swallowed up by Bauer) by a week and Nuts has held the sales lead since.
The first ABC sales figures were impressive – almost 300,000 for Nuts and 200,000+ for Zoo. The weeklies took a chunk out of the monthlies – FHM (Emap), Loaded (IPC) and Maxim (Dennis) – with Loaded losing almost a third of its sales in 2005-6. Since then, all the headlines have been about plummeting, for monthlies and weeklies. Maxim was the first to go in 2009.
IPC reckoned it spent £8m launching Nuts – that’s the best part of £1m a year over its decade on the news-stands. The only winner has been websites (and not the ones owned by the publishers).
So, what will Bauer, publisher of rival Zoo, do now? Zoo’s sales are even more dire – 29,521.