TALKING BIZ NEWS EXCLUSIVE
Business-related titles performed better than the overall magazine industry in the third quarter, according to data released Tuesday by Publishers Information Bureau.
The magazine industry saw a decline of 8.8 percent in advertising revenue and a 12.9 percent decline in ad pages for the quarter. However, a majority — nine — of the 15 business publications tracked by Publishers Information Bureau reported an increase in ad revenue, and seven reported an increase in ad pages.
Fortune posted a 29.7 percent increase in ad revenue to $70.6 million and a 27.1 percent increase in ad pages to 610.55, while sister publication Money reported a 10.3 percent increase in ad revenue to $38.9 million and a 7.3 percent rise in ad pages to 203.98.
The two Mansueto Ventures titles — Inc. and Fast Company — also reported strong gains. Fast Company posted a 36.1 percent increase in ad revenue to $9.6 million and a 30.5 percent rise in ad pages to 128.89, while Inc. posted a 21.3 percent increase in ad revenue to $24.7 million and a 13.5 percent increase in ad pages to 232.55.
Also posting strong gains for the quarter was The Economist, which had a 33.9 percent increase in ad revenue to $27.8 million and an 11.5 percent rise in ad pages to 523.66.
Among the decliners, Smart Money fell 29.9 percent in ad revenue to $9.8 million and dropped 32.6 percent in ad pages to 116.75, while Forbes declined 21.7 percent in ad revenue to $54.6 million and fell 26.2 percent in ad pages to 449.74.
See all of the data here.
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