No Surprises: ABM BIN Numbers Show Print Declines, Digital Gains
Full-year 2012 combined revenues grew 3.4 percent year-over-year.
According to American Business Media‚Äôs latest Business Information Network report for full-year 2012, the b-to-b media and information industry is growing. From 2011 to 2012 b-to-b media revenue increased 3.4 percent from $24.66 billion to $25.49 billion.
While there was a positive gain, the percentage increase after inflation was actually a growth of 1.3 percent. Additionally, the industry is still far from where it was five years ago‚ÄĒtotal 2008 b-to-b media revenue was $28.7 billion (adjusted for inflation in 2012 dollars).
Driving the year-over-year growth for 2012 was tradeshows, which commanded 46 percent of b-to-b revenue‚ÄĒa number that has held steady since 2008. Print has seen the largest decline, both year-over-year and since 2008. Between 2011 and 2012 print advertising revenue decreased by 4.8 percent to $7.5 billion, down from $7.8 billion in 2011, but up from $7.2 billion in 2010.
In 2008 print advertising revenue commanded about 37 percent of all b-to-b revenue, down to about 29 percent in 2012. But digital is a growing slice of the b-to-b revenue pie. In 2008, digital accounted for about 11 percent of total revenue and climbed to 16 percent in 2012. Similarly, data or business information grew from 6 percent in 2008 to 9 percent in 2012.
‚ÄúLooking at the revenue stream growth form 2011 to 2012, not including an adjustment for inflation, digital advertising grew the fastest at 15.9 percent,‚ÄĚ the report says. ‚ÄúData grew 7.3 percent, events grew 4.4 percent and print advertising fell 4.8 percent (with) a negative growth rate.‚ÄĚ
According to the report, only two vertical segments‚ÄĒagriculture and travel/events‚ÄĒshowed an increase in both ad pages and total revenue in 2012. Another six of the 22 verticals included in the survey managed to grow print ad revenue even as total ad folio shrank. The remaining 14 verticals saw aggregate print ad page and revenue declines, which the report says is over a total of 6,044 business magazines currently published in the Unite States.