Printing Impressions

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Overall Magazine Advertising Revenue Flat in 2011

January 10, 2012
NEW YORK—Jan. 10, 2012—The consumer magazine industry generated $20.086 billion in full-year 2011 print advertising revenue, a slight $8 million increase compared to 2010’s advertising revenue of $20.078 billion, according to the Publishers Information Bureau (PIB). Pages dipped 3.1 percent from 169,552 in 2010 to 164,225 in 2011.

“The magazine industry posted positive 2011 first quarter and second quarter advertising performances in pages and revenue, but a weakened economy in the second half of the year offset those gains as advertisers grew more skittish from diminished consumer spending, wild stock market swings and zero job growth,” said Nina Link, president and CEO, MPA – The Association of Magazine Media.

“There were pockets of strength in some categories for full-year 2011. Advertisers in the apparel, cosmetics and financial sectors increased their magazine marketing spend last year. Magazines were negatively impacted by the food sector in 2011 as rising energy and production costs in the food industry resulted in a decreased overall advertising spend. Similarly, magazines were also affected by a decline in overall advertising spending in home furnishing and supplies, a result of the soft housing market,” Link continued.

January-December 2011 vs. 2010
PIB advertising revenue and pages grew in three major advertising categories in full year 2011:
  • Financial, Insurance & Real Estate posted the strongest gains for the year, logging double-digit increases in both PIB revenue (+19.4 percent) and ad pages (+12.7 percent). The category was bolstered by banks, investment firms, credit card companies, insurance providers and even a handful of realtors, despite continuing softness in the real estate market.
  • Another growth category for magazines, Toiletries & Cosmetics, showing a +9.5 percent gain in print ad revenue and +3.8 percent boost in ad pages in 2011. The most significant contributors to the category were ads for makeup, perfumes and hair styling products.
  • The Apparel & Accessories category experienced a +9.7 surge in revenue and +5.5 percent rise in pages partly due to ads for jewelry, watches and footwear. The category recorded a notable influx of ad dollars from luxury brands.

PIB Reported Ad Dollars, January Through December 2011
Class Name    2011 Dollars    2010 Dollars     Change   % Change
Toiletries & Cosmetics   $2,960,133,972   $2,703,964,886 $256,169,086 9.5
Drugs & Remedies 2,128,916,357 2,056,243,204 72,673,153 3.5
Food & Food Products 1,773,757,865 2,126,695,334 -352,937,469 -16.6
Apparel & Accessories 1,719,513,598 1,567,054,071 152,459,527 9.7
Media & Advertising 1,519,354,555 1,488,261,220 31,093,335 2.1
Retail 1,473,950,902 1,514,620,913 -40,670,011 -2.7
Automotive 1,232,439,470 1,325,806,492 -93,367,022 -7.0
Direct Response Companies 1,171,216,253 1,165,935,958 5,280,295 0.5
Financial, Insurance & Real Estate 1,080,183,047 904,333,247 175,849,800 19.4
Home Furnishings & Supplies 1,005,508,238 1,171,173,524   -165,665,286 -14.1
Technology 833,069,483 792,019,834 41,049,649 5.2
Public Transportation, Hotels & Resorts
781,195,907 787,349,689 -6,153,782 -0.8
*Data as of Jan. 6, 2012

PIB Reported Ad Pages, January Through December 2011
Class Name    2011 Pages    2010 Pages   Change    % Change
Toiletries & Cosmetics 18,703.40 18,025.56 677.84 3.8
Drugs & Remedies 15,938.35 16,303.61 -365.26 -2.2
Food & Food Products 10,533.21 12,689.92   -2,156.71 -17.0
Apparel & Accessories 16,392.27 15,539.98 852.29 5.5
Media & Advertising 11,285.66 11,650.83 -365.17 -3.1
Retail 12,350.08 12,982.70 -632.62 -4.9
Automotive 9,447.44 10,020.76 -573.32 -5.7
Direct Response Companies 10,712.18 11,395.69 -683.51 -6.0
Financial, Insurance & Real Estate 8,677.73 7,697.24 980.49 12.7
Home Furnishings & Supplies 7,460.11 8,883.83 -1,423.72 -16.0
Technology 6,554.35 6,564.87 -10.52 -0.2
Public Transportation, Hotels & Resorts 9,308.68 10,019.91 -711.23 -7.1
*Data as of Jan. 6, 2012

Fourth Quarter 2011 vs. 2010
In the fourth quarter of 2011, print advertising revenues for consumer magazines declined from $6.02 billion to $5.73 billion, a change of -4.9 percent vs. the same three-month period in 2010, while pages decreased -8.0 percent, from 50,578.01 to 46,508.17.

Four categories showed a boost in advertising spending:
  • Financial, Insurance & Real Estate (+18.0 percent);
  • Apparel & Accessories (+5.5 percent);
  • Toiletries & Cosmetics (+3.9 percent); and
  • Media & Advertising (+0.8 percent).

The Finance category, which also showed a +6.4 percent gain in ad paging, saw significant investment from financial services institutions and car, life and medical insurers.

PIB-Reported Ad Dollars, October Through December 2011
Class Name    2011 Dollars    2010 Dollars      Change   % Change
Toiletries & Cosmetics $882,812,448 $849,467,688 33,344,760 3.9
Apparel & Accessories 544,919,623 516,398,608 28,521,015 5.5
Drugs & Remedies 538,277,998 576,819,902 -38,541,904 -6.7
Retail 454,063,921 494,382,895 -40,318,974 -8.2
Media & Advertising 447,775,668 444,226,928 3,548,740 0.8
Food & Food Products 440,463,095 575,102,662   -134,639,567 -23.4
Financial, Insurance & Real Estate 339,435,997 287,546,732 51,889,265 18.0
Automotive 336,708,640 414,614,706 -77,906,066 -18.8
Direct Response Companies 316,278,376 330,147,452 -13,869,076 -4.2
Home Furnishings & Supplies 275,438,633 357,308,988 -81,870,355 -22.9
Technology 234,811,267 243,001,409 -8,190,142 -3.4
Public Transportation, Hotels & Resorts 221,040,935 226,292,181 -5,251,246 -2.3
*Data as of Jan. 6, 2012

PIB-Reported Ad Pages, October Through December 2011
Class Name    2011 Pages    2010 Pages     Change   % Change
Toiletries & Cosmetics 5,658.66 5,714.11 -55.45 -1.0
Apparel & Accessories 4,904.29 4,779.54 124.75 2.6
Drugs & Remedies 3,906.52 4,534.19 -627.67 -13.8
Retail 3,701.50 4,160.04 -458.54 -11.0
Media & Advertising 3,308.00 3,409.73 -101.73 -3.0
Food & Food Products 2,730.01 3,414.71 -684.70 -20.1
Financial, Insurance & Real Estate 2,653.57 2,493.82 159.75 6.4
Automotive 2,560.50 3,165.07 -604.57 -19.1
Direct Response Companies 2,851.27 3,172.18 -320.91 -10.1
Home Furnishings & Supplies 2,110.50 2,748.60 -638.10 -23.2
Technology 1,875.02 2,041.74 -166.72 -8.2
Public Transportation, Hotels & Resorts 2,720.69 3,006.97 -286.28 -9.5
*Data as of Jan. 6, 2012

About PIB

Publishers Information Bureau (PIB), founded in 1947, is the premier source of consumer magazine advertising spending and related data. Kantar Media, the leading provider of strategic advertising and marketing information, collects and monitors this data and supplies it to PIB. PIB is a membership organization, administered by MPA – The Association of Magazine Media, consisting of approximately 235 different magazine titles and newspaper-distributed magazines.

Source: PIB.
 

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