Time to Debut Magazine Mix and Match

Time is finally going to launch Maghound.com, which, as Folio describes, is its "Netflix-like" service:

Maghound.com allows consumers to choose titles from a variety of publishers for a mix-and-match “subscriptions” where they pay one monthly fee and have the ability to switch titles at any time. Unlike traditional subscriptions, members aren’t locked in their memberships and can cancel whenever they wish. [President of Maghound Enterprises Dave] Ventresca says that Maghound.com offers “flexibility, choice, control and personalization.”

I think this has to be a relatively scary thing for publishers to get into. Until now, people I know would make a calculation regarding a magazine subscription: If you were going to spend more on individual issues than you would on the best discounted price you could find for a subscription, you went for the subscription.

The fear? That model pushes people into getting more subscriptions than they may want. Publishers like subscriptions, because they help guarantee that much more paid circulation, and that means being able to charge advertisers more.

But with Maghound, people can swap subscriptions at any time, and it doesn't seem to cost too much more than the "$12 for 12 months" approach, except you don't get locked in. So I'm betting there are going to be magazines that start to see their subscriptions numbers slip. That will translate into even more uncertainty at publications, which could drive even loonier and more desperate attempts to "attract" readers - a scary thought, because it usually involves some complex wishful thinking and not coming up with something that you know people want, even if they don't know that they want it. That would translate into stranger assignments and more hoop-jumping. You can bet I'll go to the site to sign up - and to see which magazines I might think of avoiding.