The struggle to sell magazine ad pages in a weak economy continued in the first quarter of 2009. Overall run-of-press ad pages for the country’s leading magazines were down 16.3% compared to the same period last year, according to statistics from
Leading National Advertisers, which tracks advertising pages and revenues for 74 consumer, custom and special interest publications. (The 16.3% figure quoted above refers to the 71 magazines tracked by LNA in both 2008 and 2009.)
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It was a particularly rough quarter at Canadian Geographic, where ad pages declined by 56.3% compared to the previous year.
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The nasty effects of the recession has spread across all categories: 60 of the 71 magazines tracked posted losses in ad pages for the quarter and 37 titles saw declines of 20% or more.
Overall advertising revenues, calculated by LNA using rate-card figures, were down 15.1%, or about $18.6 million. However, considering the widespread and heavy price discounting taking place these days, those numbers probably represent a low estimate of the actual losses taking place.
Titles taking major blows this time around include
Canadian Geographic (-56.3%),
Teen Tribute (-50%),
TV Hebdo/TV 7 Jours (-48%),
Canadian Business (-45.6%),
LouLou (English) (-44.6%),
Vancouver (-41.6%),
Report on Business (-40%),
Western Living (-39.4%),
Tribute (-36.9%),
Moneysense (-35.2%),
Affaires Plus (-35%),
Explore (-34.7%),
Financial Post Magazine (-34.2%), and
Maclean’s (-30.3%).
In terms of revenue, the biggest drops came at
Chatelaine (-$2.6 million),
Maclean’s (-$1.5 million),
Canadian Business (-$1.3 million),
Reader’s Digest (-$1.1 million),
Flare (-$1.1 million),
Canadian Living (-$1 million),
Report on Business (-$795,600),
Canadian House & Home (-$738,600),
Loulou (English) (-$675,600), and
Financial Post Magazine (-$663,400).
Of the handful of magazines which managed to grow their pages in the period,
Hello! Canada was most successful, increasing its pages by 42.4% and its revenues by 103.5%, or $1.1 million. Other magazines that had success in the quarter include
Tout Simplement Clodine (+78.1% in pages),
Espace Parents (+70.4%),
Glow (+51%),
7 Jours (+42.4%),
More (+17.8%), and
Inside Entertainment (+14.8%).
The 16.3% drop represents the fifth consecutive quarterly decline in magazine advertising for LNA-tracked titles:
Q1 2008: -2%
Q2 2008: -3.7%
Q3 2008: -12.2%
Q4 2008: -15.7%
Q1 2009: -16.3%
Overall ad pages for LNA-tracked titles dipped by 9.2% in 2008.