Commentary

Magazines Continue Positive Trend In June

Magazines Continue Positive Trend In June

Total magazine advertising revenue for the month of June increased 8.5% compared to June of last year according to Publishers Information Bureau (PIB). Ad pages for June were down 3.2% from last year. Year-to-date, advertising revenue closed up 9.9%, and ad pages were up 1.8% from last year.

June 2003 vs. June 2002

Seven of the 12 major advertising categories experienced growth in ad revenue over June 2002, while four of 12 recorded ad page growth. Automotive, Apparel & Accessories, Home Furnishings & Supplies and Technology saw increases in both revenue and pages in June 2003. (Twelve categories are the most significant contributors to PIB revenue, comprising more than 85% of total advertising spending.)

2003 DOLLARS %CHG 6/02-6/032003 PAGES % CHG 6/02-6/03
AUTOMOTIVE $221,427,14825.2%2,313.119.9%
TOILETRIES & COSMETICS$174,458,9877.6%1,781.7-1.3%
DRUGS & REMEDIES $156,620,69620.8%1,434.78.6%
HOME FURNISHINGS & SUPPLIES $154,741,25824.5%1,577.59.9%
FOOD & FOOD PRODUCTS $122,103,768-0.7%991.0-5.3%
TECHNOLOGY $107,567,57121.1%1,264.95.4%
MEDIA & ADVERTISING$93,523,57810.3%950.6-4.5%
DIRECT RESPONSE COMPANIES$79,039,037-7.4%1,304.0-9.6%
APPAREL & ACCESSORIES $71,653,8951.3%1,166.0-20.0%
FINANCIAL, INSURANCE & REAL ESTATE $65,570,124-23.9%816.7-23.3%
RETAIL $56,669,574-6.6%734.6-23.6%
PUBLIC TRANSPORTATION, HOTELS & RESORTS$51,096,613-16.9%937.1-18.4%

Source: Publishers Information Bureau

January - June 2003 vs. January - June 2002

Nine of the 12 major advertising categories sustained dollar gains for the year-to-date comparison, while five of 12 saw growth in ad pages. Ad page and revenue increases were seen in Apparel & Accessories, Automotive, Drugs & Remedies, Home Furnishings & Supplies and Toiletries & Cosmetics.

2003 DOLLARS %CHG 6/02-6/032003 PAGES % CHG 6/02-6/03
AUTOMOTIVE $1,014,422,87925.8%11,051.622.2%
DRUGS & REMEDIES 885,150,73222.98,207.317.1%
TOILETRIES & COSMETICS 812,093,77812.88,470.66.6%
HOME FURNISHINGS & SUPPLIES 720,565,52322.57,895.411.9%
FOOD & FOOD PRODUCTS 688,448,9962.05,245.6-3.2%
APPAREL & ACCESSORIES 585,293,26113.510,103.32.1%
DIRECT RESPONSE COMPANIES557,525,734-1.58,665.8-7.0%
TECHNOLOGY 515,594,6724.16,365.9-2.1%
MEDIA & ADVERTISING506,703,5084.75,423.2-1.3%
RETAIL 414,681,8926.56,337.6-1.2%
FINANCIAL, INSURANCE & REAL ESTATE 384,745,430-7.64,823.7-10.8%
PUBLIC TRANSPORTATION, HOTELS & RESORTS364,076,016-0.56,736.2-6.2%

Source: Publishers Information Bureau

"It's encouraging to see sustained revenue growth for several of the major categories in June," stated Ellen Oppenheim, Executive Vice President/Chief Marketing Officer, MPA. "Automotive, up for the past 12 months, remains the strongest category, with significant contributions by the big three American car manufacturers and several leading imports. Technology repeated last month's positive trend, thanks in part to increased spending by software, hardware and telecommunications companies. The softening in ad pages reflects the uncertain economic environment, as it is driven by economically sensitive categories such as Public Transportation, Hotels & Resorts; Retail; and Financial, Insurance and Real Estate."

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