20 Years of publications printing – Part 5
Wednesday, May 27th, 200920 Years of publications printing – Part 5 – 27th May 2009
Magazine rack
Magazines too are embracing the Internet and many now offer an online presence. Software technologies enable magazines online to mimic the abilities of the print and paper versions with ‘page turner’ technology that allows the reader to interact with the magazine in a virtual world in much the same way as they would with a conventional product. The reader can turn pages, zoom in and out of areas of particular interest, and get even more information from clicking on video, audio, and PDF pop ups, as well as instant hyper linking to other websites. This makes it a more in depth experience, but reading on screen is still not as enjoyable as reading a printed version – nor is it as flexible.
According to the PPA and PricewaterhouseCoopers, the UK magazine market is set to increase in worth at around 9.2% between 2007 to 2011. Advertising spend is set to increase by 9.7% over the same period, but consumer titles a will see the larger portion of this with a spending increase of 14.8%, whilst trade magazines will see an increase of 5.4%.
And, even with the challenges posed by the Internet, the two organisations see consumer spending on magazines rising by 8.8% to 2011. ZenithOptimedia aggress with this positive outlook, estimating that advertising spend in magazines will grow 7.4% globally by 2010.
Perhaps because a magazine is a product with a ‘throw away’ culture and not something that is bought to be kept forever, the big ‘threat’ of the Internet has not emerged. In fact, electronic media seems to be playing in the favour of magazines by giving them a broader reach, and certainly for the next few years will remain a complementary offer for publishers rather than a true ‘threat’. The PPA says that ‘In the decade since the dawn of the Internet, consumer expenditure on magazines has increased by 48%’ and that ‘consumers spent nearly £2.2 billion on their favourite magazines in 2007, a growth of nearly £500 million on 1997 figures’ (Advertising Association).
The World Advertising Research Center (WARC) states that 48 million UK adults purchased 1.4 billion consumer magazines in 2007 – an increase in sales of 69 million on five years ago. This now means that the average adult still buys almost 30 magazines a year – even with access to information from electronic media.
The number of magazines available is till growing too. According to BRAD (British Rate and Data), in the UK there are now 3409 consumer magazines, which is up from 2438 in 1997 – a 40% increase over the past decade.
The business magazine publishers have also seen growth over the last decade. Figures for 2006 show this sector with a worth of £8.9 billion per annum.
In 2007, there were some 4917 UK business magazines with around 700 publishers. The PPA states that ‘Eighty-seven percent of decision makers use business and professional media publications regularly for work purposes, more than any other medium’.
To be continued…
See Part one of the Blog on Variable Data Printing – also part one of this blog, Publication Printing
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