Biz magazines underperform industry in first quarter
The 14 business magazines underperformed the rest of the magazine industry in the first quarter, according to data from Publishers Information Bureau.
Combined, the business titles reported a 2.95 decrease in advertising revenue to $245.4 million and a 5.9 percent drop in advertising pages to 2,289.43. That compares to a 1.6 percent decrease in ad revenue and a 4 percent decrease in ad pages for the overall industry.
The performance continues a trend of the business titles underperforming the industry. The 14 business magazines reported ad revenue of $1.33 billion in 2013, down 4.8 percent from 2012, according to data from the Publishers Information Bureau. In comparison, the consumer magazine industry reported a 1.1 percent increase in 2013.
The best performing business magazine for the first three months of 2014 was Inc., which reported a 25.9 percent increase in advertising revenue to $8.7 million and a 24.1 percent increase in ad pages to 101.32.
Behind it was Entrepreneur, which reported a 14.3 percent rise in advertising revenue to $23.2 million and a 14.9 percent increase in ad pages to 267.39.
Barron’s also reported a strong quarter, with advertising revenue rising 6.7 percent to $16.8 million and ad pages rising 3.1 percent rising to 305.87.
Among the big three business magazines, Forbes posted the best results, but all saw a decline in advertising revenue and advertising pages.
Forbes posted a 4.1 percent drop in ad revenue to $40.4 million and an 8.7 percent decline in ad pages to 242.98 for the quarter. Bloomberg Businessweek had a 6.6 decline in ad revenue to $33 million and a 10.6 percent drop in ad pages to 204.41, while Fortune had a 7.4 percent decline in ad pages to $38.5 million and a 10.8 percent decline in ad pages to 243.47.
The worst-performing business magazine was Black Enterprise, which had a 44.9 percent drop in ad revenue to $2.1 million and a 46 percent decline in ad pages to 44.61 in the quarter.
To review all of the data, go here.