posted 05-18-2007 06:27 PM ET (US)
Issue Date: 5/18/2007, Posted On: 5/18/2007
Powerboat Reports ceases publication
Connecticut-based Belvoir Media Group has discontinued publishing Powerboat Reports.
The company, which also publishes Practical Sailor and more than 30 other special interest titles, said Powerboat Reports was profitable, but failed to expand in circulation and profit growth over the years. Powerboat Reports, published out of the companys Sarasota, Fla. office, was a subscriber-based publication that offered product reviews and consumer tips. It did not rely on advertising revenue.
"Powerboat Reports has been in business since 1989 and has done a great job in serving the powerboat community,"" said Tim Cole, Belvoirs executive vice president and editorial director. "It has been profitable but it never achieved the size and scale that wed like."
"Practical Sailor has more than double the subscribers of Powerboat Reports and continues to be one of the profit leaders for the company,"" said Cole.
"Sailors are simply more committed to their pastime,"" said Cole. "Sailors sail because they like to sail.""
"Boating magazine, in exchange for assuming Powerboat Reports liabilities, has taken over the publications subscriptions,"" Cole said.
Chris Landry, editor of Powerboat Reports for the past eight years, will stay on board with Belvoir for several months, according to Cole.
In addition to its boating-related titles, Practical Sailor and Boatbuilder, Belvoir publishes magazines covering health, home, horses, aviation, pets and guns.