That's a double whammy for the U.S. business press, which already had been experiencing an ongoing erosion of its print advertising base. Through the first nine months of the year, B-to-B ad publishing ad revenues are down an estimated 5.9%, according to the ABM's Business Information Network database, but ad pages in the business press - considered by many to be a more accurate barometer of actual revenues - are down 8.3%.
The ABM estimated that the combined trade show and magazine revenues have declined a total of 4.8% for business publishers, indicating that the B-to-B marketplace is eroding at nearly three times the rate of the consumer media marketplace so far this year. According to recent estimates from TNS Media Intelligence measured consumer media outlets are down 1.7% through the first nine months of 2008.
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All things considered, ABM President-CEO Gordon Hughes said B-to-B media "appears to be holding up well" within a volatile economic climate. "For the long term, we believe that B-to-B media will continue to serve the needs of the marketing community with superior products and services, and will grow accordingly," he stated.
The ABM does not breakdown its event revenues estimates, but according to its magazine advertising database, revenues have fallen in 16 of 21 categories tracked by the organization.
I manage an annual trade show for one of my clients. It's now in its 12th year. This year we saw attendance down roughly 10 percent. That's the biggest fall of since 9-11.
Interested in hearing about how other shows are dealing with the drop off in attendance, sponsorship, etc.