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US Mags Revenue Rise In July Supports ‘Cautious Optimism’

US Mags Revenue Rise In July Supports ‘Cautious Optimism’

Total US magazine advertising revenue for July increased by 8.6% year on year, closing at $1.1 billion, according to the latest data from the Publishers Information Bureau (PIB). Ad pages for July totalled 15,125, up 0.5% from last year.

In the calendar year to date, ad revenue closed at $8.8 billion, a decline of 0.3% and ad pages were 120,607, down 8.6% over the same time period last year.

The full figures, by category, are shown below.

US Magazine Advertising Totals By Category, July 2002 
  Jul 2002 v Jul 2001  Jan – Jul 2002 v Jan – Jul 2001 
Sector  Change (revenue)  Change (pages)  Change (revenue)  Change (pages) 
Automotive 6.8% 2.0% 2.1% -3.9%
Drugs & Remedies 20.9% 16.0% 14.4% 8.6%
Food & Food Products 30.5% 17.9% 17.1% 7.6%
Toiletries & Cosmetics 8.1% 6.2% 3.1% -4.5%
Household Furnishings & Supplies 12.0% 1.6% 8.0% -2.6%
Technology -14.1% -22.1% -21.2% -28.3%
Financial, Insurance & Real Estate 25.2% 8.5% -11.1% -19.7%
Direct Response Companies 5.2% 0.5% 5.5% -2.5%
Media & Advertising 6.3% 7.2% 5.3% -1.4%
Public Transportation, Hotels & Resorts 2.5% -5.5% -12.6% -11.4%
Apparel & Accessories 14.9% 4.1% -12.2% -17.8%
Retail 7.6% -3.7% -2.0% -11.0%
Total  8.6%  0.5%  -0.3%  -8.6% 
Source: PIB, August 2002 

“The 8.6% rise in ad revenue, along with positive dollar growth in eleven of twelve major ad categories, are positive indicators. In addition, ad pages were up 0.5%, which supports cautious optimism,” says Ellen Oppenheim, executive vice president of the Magazine Publishers of America.

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