Magazine execs say tablet revenue is strong

Women’s Wear Daily
Editors and executives who gathered at the American Magazine Conference this week express optimism about their future on tablet devices. Hearst Magazines expects to have $10 million worth of e-subscriptions by next summer, president David Carey said. Hearst gets about 300,000 paid digital downloads a month and expects that to double with strong holiday sales of the Kindle Fire and Nook Color e-readers. Meanwhile, Conde Nast projects $15 million in tablet revenue this year (counting subscriptions and ad revenue). | Related: Magazine editors discuss the problems and successes of developing mobile and tablet content || Earlier: Hearst memo: We’re becoming “the magazine company of the future”