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5 Consumer Trends for 2009
by Jennifer Armor
Despite the bleak economic climate, we are still a nation of consumers. Understanding the consumer trends for 2009 will help you reach these people where they may be hiding. Find out what they are thinking below:
Quantcast Measures Publishers' Website Traffic for Free
by Jennifer Armor
As an increasing number of advertising dollars move online, publishers need to know how to monetize their online properties. Like circulation audits are to print publishing, online audience measurement is key to providing the actionable metrics media buyers need to make informed purchasing decisions.
In September 2006, San Francisco-based Quantcast launched the first open Internet rating service. Labeled the Quantified Publisher's program, it enables publishers to participate in audience ratings processes by tagging their site and services for direct measurement. The free program gives accurate, third-party metrics that helps advertisers gauge the value of a publisher's audience. Currently, they have rated more than 20 million websites.
The resulting easy-to-read report is then available online at Quantcast's website in real time and shows a publisher's audience reach and composition. The report includes an overall summary, website traffic breakdown, geographic analysis, demographics (sex, age, ethnicity, etc.), business, and lifestyle.
In the past, panel-based audience measurement was the basis for evaluating media properties. Quantcast's methodology combines directly measured traffic statistics with multiple panel data sources to generate audience profiles. A massive amount of data is collected through affiliations with partners who include advertisers, publishers, ISPs and advertising networks.
Quantcast was founded by a team of engineers and mathematicians committed to addressing the digital media market's need for transparent and actionable data. Through its services, Quantcast provides advertisers and publishers unmatched abilities to measure, organize, and transact based on directly measured audience data.
The company's Quantified Publisher program is available to web properties of any size and provides free measurement for websites, blogs, videos, games, and widgets. Companies using the service include CBS, Hachette-Filipacchi, FOX Entertainment, Digg, BizJournals, Bloomberg, HuffingtonPost, National Geographic, and NYMag.com.
Results of Customer Satisfaction Survey
Recently Verified conducted a customer satisfaction survey. We asked you to tell us how we're doing and express your opinions to help us improve our performance and serve you better.
Below are the results of the survey:
Toss-up on Future Print, But Relevant Today
A new survey of American readers by The Rosen Group about the state of current and future media found that nearly 80% of respondents still subscribe to magazines and 83% find that daily newspapers are still relevant. 45% of those surveyed said that newspapers and magazines will exist in 10 years, while 40% were uncertain.
Lori Rosen, founder and president of The Rosen Group, points out that these findings suggest that, though there is a strong shift to online news consumption and a preference for online sources for breaking news, Americans still find print publications to be important sources, especially for entertainment.
Rosen concludes that "...people are not abandoning their print editions...there is still a certain satisfaction and ease to holding printed text in your hands, and PDAs or PCs will not replace this just yet."
Other survey findings:
Though the majority of Americans go online to learn about daily breaking news, print magazines remain one of the top sources for entertainment, advice and lifestyle information.
The survey found that despite a growing preference for online news sites, print magazines are a leading entertainment source. Nearly 80% of respondents say they subscribe to magazines vs. 53% for newspapers.
For additional information, contact the Rosen Group.
Business Media Spring Meeting
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2009 Business Writing Conference
NAA Foundation Young Readers Conference
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MPA: Mag Sites Boost Traffic 11%
Magazine websites attracted an average 75 million unique visitors per month in the last three months of 2008, compared to a monthly average of 67.5 million during the same period of 2007—an increase of 11%, according to the Magazine Publishers of America, citing its analysis of Nielsen Online data for 476 magazines online.
The growth rate for magazines' web audience far exceeds the 3.2% growth rate for the Internet overall. Seventy-five million unique visitors in the fourth quarter of 2008 equals 45.1% of the total Internet-using population of the United States, compared to 41.8% during the same period in 2007.
What's more, the duration of visits is also increasing.
Visitors spent an average 2.4 billion minutes per month perusing magazine websites, an increase of 34.4% over 1.78 billion minutes in 2007. Doing the math, the average time spent per visitor rose from about 26.4 minutes per month in the fourth quarter of 2007 to 32 minutes per month in the fourth quarter of 2008. The MPA didn't release any figures for page views.
However, the good news on unique visitors and time spent highlights a major problem faced by magazine publishers: While their online audience is booming, online advertising revenues still trail far behind. Like newspaper publishers, magazines have struggled to monetize their online readership, and online advertising, in most cases, is still a small fraction of their overall business.
At Time Inc., online revenues were just 10% of total advertising revenues of $2.45 billion in 2008. At Martha Stewart Living Omnimedia, they were about 12% of about $90 million in total ad revenue. At Meredith Corp., online contributed about 6% of total revenues for the company's fiscal year 2008.
These figures are critical because—again, like newspaper publishers—most big magazine publishers are not coming close to making up losses in print ad revenue on the online side. At Time Inc., for example, total revenues declined $347 million from 2007–2008, dwarfing total online revenues of $245 million.
© 2009 MediaPost Communications
Who Else Sees Your Audit Report?
You've completed your audit and you have your new audit report in hand. You're ready to share the results with your advertisers, but who else can see the results? How does your Verified audit report work for you?
All audit reports that are issued by Verified are sent to SRDS Media Solutions, a leading provider of rates and data that connects media buyers and sellers. They provide comprehensive coverage that meets their customers' planning and buying needs. Ninety-five percent of all advertising agencies rely on information from SRDS. Circulation figures provided by your audit report are included in your SRDS listing for media buyers to evaluate.
In addition to SRDS, audit information is available to Verified's Associate Members. Associate Membership is available to media buyers, advertisers, and advertising agencies. Some of Verified's Associate Members include major advertisers, including Best Buy, Dick's Sporting Goods, JC Penny, Kohl's, Target Corporation, and Walgreen's. We also provide circulation information to USA Weekend, CARD (Canadian Rate and Data), Newspaper Services of America (NSA), AWN, AAN, Casanova Pendrill, Parenting Publication of America, King Group, and CBJN on a regular basis.
If you know an advertiser or agency that you would like to become an Associate Member, direct them to Verified's website. Click on Visitors and have them fill out the Associate Membership form. It is quick, easy, and free to become a Verified Associate Member.
Verified is happy to send Audit Reports directly to an advertiser or agency upon request. Simply supply us with a copy of the report, the advertiser or agency name and address, and we will send your Audit Report directly from our office along with a cover letter.
If you have questions, please contact Verified at 415-461-6006.
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