|This article relies largely or entirely upon a single source. (August 2010)|
Lear's Magazine was a women's magazine, intended for women over 45. It covered many celebrity interviews, women's issues, and many progressive issues. Its slogan was "For The Woman Who Wasn't Born Yesterday". It was published from 1988 until early 1994.
Lear's was founded by Frances Lear, and was designed for readers similar to herself. Having received a divorce settlement reported at $100 million, Ms. Lear could afford to run the magazine the way she wished.
Because Lear's carried very little fashion coverage, it did not have a natural advertising base, and potential advertisers had difficulty identifying exactly who the readers were. Lear's circulation was audited at 503,000 when it closed, with a median age of 45.3.
It was not an industry secret that when Sheldon Schorr was brought in to wind the publishing entity down. Schorr did state in an industry conference, "Lear's could have been successful if Ms Lear provided a better marketing and advertising opportunity to the 35-54 women of America." He claimed that "the staff was bloated and Lear wasted more than a hundred thousand dollars every month." He then took less than thirty days to shut the publication down. Vendors were treated fairly and employees were given ample terms of termination. Although there were interested publishers to take over but Ms Lear would not permit Schorr to make a deal because Ms Lear's name on cover made her "eternally vested".
When Lear's closed, the executive director Evelyn Renold said "A lot of us feel that we have done our very best work at this magazine. We put out a smart, stylish magazine for grown-up women, and I feel there is nothing quite like it out there now."
- Carmody, D. (1994). "The Media Business: Why the Plug Was Pulled at Lear's Magazine", The New York Times.
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