Thursday, January 13, 2011

good news for the magazine industry: looking UP

According to Reuters, the magazine industry has posted its first upswing in revenue in the past three years:

Advertising revenue at consumer magazines rose 3 percent in 2010 to about $20 billion, according to data from rate cards compiled by the Publishers Information Bureau.

People magazine, published by Time Warner Inc's Time Inc unit, pulled in the most ad revenue in 2010 at $1 billion. Ad revenue at the Food Network magazine, a joint venture between Hearst and the Food Network, grew the most -- 174 percent in 2010 compared to the prior year.

During the 2010 fourth quarter, magazine ad revenue climbed 4 percent.

The revenue growth shows that magazines, battered by advertising declines that followed an economic downturn, are recovering like other media such as broadcast television.

It's a sign, yeah? bk

No comments: