Magazine PIB Advertising Revenue and Pages Post Gains in First Quarter 07
Press release from the issuing company
New York, NY (April 10, 2007)— Total magazine rate-card-reported advertising revenue for the first quarter of 2007 increased 6.9% compared to the same three-month period last year, closing at $5,273,215,997, according to Publishers Information Bureau (PIB). Ad pages totaled 52,154.49, up 1% from January through March, 2006.
Total PIB revenue for the month of March 2007 increased 8.8% compared to last year, closing at $2,282,204,898. Ad pages totaled 22,388.48, up 2% from March 2006.
First Quarter 2007 vs. 2006
From January through March of 2007, half of the major advertising categories posted both PIB revenue and page gains, including Drugs & Remedies; Food & Food Products; Direct Response; Retail; Media & Advertising; and Public Transportation, Hotels & Resorts. Three categories posted double-digit dollar increases: Drugs & Remedies (20.4%); Retail (19.5%); and Food & Food Products (11.7%). Drugs & Remedies pages also grew 13.7% over first quarter of last year. (Twelve categories are the most significant contributors to PIB revenue, comprising more than 85% of total advertising spending.)
“Magazine advertising held steady in the first quarter of 2007, with strong contributions from Drugs & Remedies, Food & Food Products, and Retail—categories that showed the largest growth during the period,” said Ellen Oppenheim, Executive Vice President/Chief Marketing Officer, Magazine Publishers of America.
She elaborated, “While medicines and proprietary remedies account for most of the spending in Drugs in Q1, it’s interesting to note that fitness and diet aids, and spas, boasted the biggest boost in spending within that category. Advertising for health-oriented food products, as well as ads for condiments, seasonings, ingredients and beverages aided the page growth in Food. In addition, a range of companies targeting both high-end and mass market shoppers contributed to overall Retail category gains.
“Finance and Home experienced the most softness during the first quarter. And Automotive, while down in pages, experienced some positive shifts within the category, with dealerships overall and some manufacturers and suppliers spending more,” remarked Ms. Oppenheim.
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