12 Evaluation of Print Media McGraw-Hill/Irwin © 2004 The McGraw-Hill Companies, Inc., All Rights Reserved. Classifications of Magazines By Content Consumer Magazines Farm Magazines Business Magazines Professional Group Magazines Industrial Magazines Trade Magazines General Business Magazines Health Care magazines By Size Large Flat Standard Small or Pocket By Geography Local Regional National Advantages of Magazines ¾ Selectivity ¾ Reproduction Quality ¾ Creative Flexibility ¾ Permanence ¾ Prestige ¾ Receptivity, Involvement ¾ Services Magazines are targeted to specific audiences Special Magazine Features ¾Bleed Pages ¾Cover Positions ¾Inserts ¾Gate Folds ¾Island Halves Disadvantages of Magazines ¾ Costs ¾ Limited Reach and Frequency ¾ Long Lead Time ¾ Clutter and Competition Magazine Circulation and Readership ¾ Circulation Primary Circulation Guaranteed Circulation Controlled-circulation ¾ Readership and Total Audience Pass-along readership Total audience (readers per copy X circulation) Audience Information and Research ¾ Circulation Verification Services – Audit Bureau of Circulation (ABC) – Business Publications Audit ¾ SRDS Media Solutions ¾ Syndicated Audience Studies – Simmons Market Research Bureau – Mediamark Research Inc. (MRI) SRDS Media Solutions provides information on magazine for media planners Factors determining magazine ad rates ¾ Circulation of the magazine ¾ Color ¾ Size of the ad ¾ Position in the magazine ¾ Special mechanical or production ¾ Number and frequency of insertions The Future of Magazines ¾ Declining Ad Revenues ¾ Stronger Editorial Platforms ¾ Circulation Management ¾ Cross-Magazine and Media Deals ¾ Database Marketing ¾ Advances in Technology ¾ Electronic Delivery Methods Most magazines cannot survive without advertising revenue Newspaper Overview ¾ The dominant advertising vehicle ¾ Account for 22% of ad dollars ¾ Over 1,400 daily papers in print ¾ Daily circulation over 60 million ¾ Main community medium ¾ Local ads provide 85% of revenue Newspaper Classifications Publication Frequency Size Type Audience Type Daily Weekly National Special-Audience Supplements Standard Tabloid Ethnic, religious Business, financial College Newspaper Advertising ¾ Display Ads Local (mostly retail) National or General ¾ Classified Ads Small items arranged by topic Rates based in size, duration Classified display - combination ¾ Public Notices Legal notices - public reports Notices by people, organizations ¾ Printed Inserts Prepared separately by advertisers Advantages of Newspapers ¾ Extensive Penetration ¾ Flexibility ¾ Geographic Selectivity ¾ Reader Involvement, Acceptance ¾ Services Offered Section Segmentation ¾ Sports Section Heavy (down-scale) male readership ¾ Society Section Heavy (mid-scale) female readership ¾ Financial Section Appeals to the business reader ¾ Comic Section Heavy child/adolescent readership Ads can be run in various sections of most newspapers Newspaper Drawbacks ¾ Production quality may be low ¾ Short life span ¾ Lack of selectivity ¾ Clutter ¾ Potential for poor ad placement ¾ Maybe overlapping circulation Two Ways to Buy Newspaper Space Agate Lines Measuring 1/4" deep by 1 standard column wide A standard column is usually 2" wide Column Inch Column inch is 1 inch deep by 1 column wide There are 14 agate lines per column inch Rate Terminology General Rates Preferred position Local Rates Run-of-Paper (ROP) Flat Rates Color rates Open Rates Combination Rates Unique Newspaper Features ¾Mass audience ¾Cross-section of population ¾Local geographic coverage ¾Wide range of content, subjects Selective readership by area ¾Timely coverage, daily issues ¾Readership concentrated in time The Future of Newspapers ¾ Competition from other media ¾ Circulation management ¾ Cross-media buys with other newspapers and magazines ¾ Attracting and retaining readers Newspapers are trying to attract younger readers