The document discusses plans for a new music magazine called OOAK. It aims to target 16-24 year olds as they are most interested in indie music, the theme of the magazine. While this is a small target market, the magazine will draw attention by featuring popular indie artists like Disclosure, The XX, and Sub Focus on the front cover and in articles. The author believes pricing the magazine at £3 makes it affordable for the target audience and will sell well on shelves as a monthly publication.