Magazine Publishers of America
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New York, NY (December 8, 2004)--Total magazine rate-card-reported advertising revenue for the month of November 2004 closed at $2,309,465,163 an increase of +11.5% compared to November 2003, according to Publishers Information Bureau (PIB). Ad pages totaled 24,995.77, up +3.8% from last year. Year-to-date, rate-card-reported revenue closed at $19,389,283,146, an increase of +10.5%, with ad pages totaling 213,110.05, registering a +3.1% gain.
Seven of the 12 major advertising categories recorded both PIB revenue and page increases in November. Automotive, as well as Financial, Insurance & Real Estate, posted double-digit gains in both PIB revenue and pages. The latter category has recorded its ninth consecutive month of growth in November. (Twelve categories are the most significant contributors to PIB revenue, comprising approximately 85% of total advertising spending.)
Magazines remain the medium of choice for advertisers who are looking to improve ROI by engaging their target consumers, said Ellen Oppenheim, EVP and Chief Marketing Officer, Magazine Publishers of America. Automotive posted its fourth consecutive month of growth in November, and its highest level of gains this year, driven once again by the big three American automakers and imports. Finance, Insurance & Real Estate and Food & Food Products have both enjoyed seven straight months of gains. The Finance category continues to be bolstered by financial management firms, banking institutions and insurance organizations, while Food saw a boost from beverage companies in November.
Expanded PIB information is available at www.magazine.org/PIB.
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