Magazine industry posts PIB ad revenue and page growth for 4th quarter in a row
Friday, April 08, 2011
Press release from the issuing company
New York, NY - Total magazine rate-card-reported advertising revenue for the first quarter of 2011 closed at $4,292,674,279, posting a +6.1% increase versus the same period in 2010, according to Publishers Information Bureau (PIB). Ad pages during the first quarter totaled 35,755, a +2.5% gain compared to January through March, 2010.
Magazine ad revenue and pages have increased four quarters in row, ever since the second quarter of 2010.
First Quarter 2011 vs. 2010
PIB saw magazine ad revenue and page growth in seven of 12 major advertising categories during the first quarter of 2011: Toiletries & Cosmetics; Drugs & Remedies; Apparel & Accessories; Media & Advertising; Automotive; Financial, Insurance & Real Estate; and Technology. (Twelve categories are the most significant contributors to PIB revenue, comprising more than 85% of total advertising spending.)
Four of those categories exhibited double-digit increases, driven by the following subsectors:
- Apparel & Accessories: luxury brands; ready-to-wear garments; footwear; jewelry/watches
- Automotive: vehicles both domestic and import, driven by new hybrid and other fuel-efficient models; also auto accessories and equipment
- Financial, Insurance & Real Estate: banks; financial consultancies and software; insurance firms
- Technology: telecommunications, in particular ads for mobile devices; digital products, such as apps
"Magazines continue to gain momentum into 2011, posting an increase in both pages and PIB ad revenue for the fourth consecutive quarter," said Andrew Jung, MPA's Chief Marketing Officer. "Growth in the Technology sector indicates that those marketers consider print advertising a vital element in branding campaigns for digital products and services, especially as that sector becomes increasingly competitive."
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