Amidst the rising cost of postal rates and major cutbacks, publishers and catalogers have been forced to reevaluate their marketing and business strategies. Companies in both sectors looked at cost reduction, how to gain stronger customer loyalty and better ROIs, as well as adopting multi-channel strategies.
SOFTENING SALES. Declining revenues. Cutbacks, layoffs, bankruptcies. Unfortunately, these are the buzz words for 2008—not only for printers, but for most manufacturing segments across the United States.
BY MARK SMITH Technology Editor Looking back, 2003 has shaped up much the same as 2002 for magazine publishers and publication printers. Both are still holding out hope for a rebound in advertising spending but, at the same time, are wary of to what extent the competitive standing of magazines has permanently changed. Consider one measure of industry activity: the Publishers Information Bureau (PIB) index of consumer magazine ad pages. Through October, advertising revenue was up 8.7 percent, but ad pages were down 0.2 percent compared to the same period in 2002. The comprehensive numbers only tell part of the story, since the