More than 300 magazines axed as ad revenues plunge

Fipp, the global magazine association, has revealed that there are now 319 fewer British magazines in circulation than in 2009, and magazines have been the worst hit out of all media in terms of declining ad revenue.

McIlheney's PPA: believes consumer magazine market is stabilising
McIlheney's PPA: believes consumer magazine market is stabilising

In its annual report for the 12 months to October 2010, the International Federation of the Periodical Press said the number of magazines published in the UK in 2010 dropped by 10% to 2,924.

Advertising expenditure in UK magazines dropped from $1.53bn (£0.98bn) in 2009 to $1.44bn (£0.92bn) in 2010. ZenithOptimedia, which contributed to the report, forecasts that advertising spend in magazines will not recover to 2009 levels by 2012, with a prediction of $1.45bn (£0.93bn) spend for that year.

Jonathan Barnard, the head of publications at ZenithOptimedia, said: "Magazines suffered a 20.2% drop in expenditure. Luxury brands – such an important component of magazine advertising – cut back on their expenditure sharply."

The PPA, led by its chief executive, Barry McIlheney, included a commentary in the report, and argued that the UK consumer magazine market is "stabilising".

The PPA welcomed the success of magazines such as Stylist as a booster for the industry. It said: "New titles, specifically free and customer magazines, played a crucial role in this turnaround of fortunes for the market."

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Rajar Q2 2014: Heart rebrand helps reach increase 20%

Rajar Q2 2014: Heart rebrand helps reach increase 20%

The expansion of the Heart brand reaped dividends for Global Radio in the second quarter as the network reached 9.07 million listeners a week, an increase of 20.4 per cent year on year.

Share
The Q2 Rajars show a high point for good old talk radio

The Q2 Rajars show a high point for good old talk radio

Today's Q2 Rajar results highlight several success stories for commercial and public radio, not least the popularity of talk radio, says Michael Williamson, head of radio, Amplifi at Carat.

Share
Richard Dunmall: 'It's a good day for the future of the radio industry'

Richard Dunmall: 'It's a good day for the future of the radio industry'

On the day Rajar results show that 36.8% of radio listening in the UK is now happening via a digital device, Bauer Media's group managing director of advertising, Richard Dunmall believes its time to celebrate.

Share

Get news by email