Key Newspaper Ad Spending Trends In 3rd Quarter
According to preliminary estimates from the Newspaper Association of America, newspaper advertising expenditures for the third quarter 2003 totaled $10.9 billion, an increase of 1.5 percent over the same period last year, Total ad spending in newspapers for the first nine months was $31.8 billion, up 1.6 percent from the same period last year.
"The growth in these key categories shows newspapers' continuing appeal to advertisers as an effective national advertising platform," said NAA President and CEO John F. Sturm. "Newspapers are in a good position as we start the fourth quarter and enter the holiday season. As the market shows signs of recovery, we fully expect ad spending to gain even more momentum and continue this trend toward improvement in 2004. In particular, we are anticipating gains in help wanted as the economy begins to add jobs."
Q3 data can be found here.