Spending in print editions soars 18 percent in September
By Toni Fitzgerald, MediaLifeMagazine.com
October 21, 2015
Yes, you read that correctly.
The long-struggling medium, which has seen ad revenue fall by half over the past decade as digital soared, recorded stellar gains during third quarter of this year, thanks to big increases in ad spending by two key categories.
In fact, a particularly strong September by newspapers even helped overall ad spending grow 6 percent last month, according to the latest report from Standard Media Index, which tracks ad spending on the part of 80 percent of U.S. agencies.
Newspaper ad spending jumped 18 percent in September, and was up 16 percent for the quarter.
Perhaps most notable, these numbers include only newspapers’ print editions, though newspapers’ digital advertising also grew during third quarter, up 10 percent.
“We saw a couple of key categories really drive newspaper revenues in the quarter,” James Fennessy, chief commercial officer at SMI, tells Media Life.
“Consumer electronics and entertainment both doubled their spend in the quarter, which really drove these exceptional results.”
Newspapers’ gains did not reflect a rebound for all print, however.
During the same quarter, magazines continued to struggle, with spending down 9 percent, including an 11 percent decrease during September.
READ THE REST OF THE STORY HERE AT THE MEDIA LIFE WEBSITE