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Media Buyer
The person in charge of negotiating and contracting with the media-
Other Knowledge and Abilities include:
Negotiates and contracts with media
Understands print media and technology
Creatively integrates print media into the mix
Knows how to buy media space
Special Possibilities with Magazines
Bleeds
Cover Positions
Inserts
Gatefolds
Junior Unit
Island Halves
Custom Magazines-
Magazine Space
When analyzing a magazine vehicle, media buyers consider readership, cost,
mechanical requirements, and ad closing dates (deadlines). To buy effectively, they must thoroughly
understand the magazine’s circulation and rate-card information.
Factors Affecting Ad Rate in magazines
Discounts for frequency or volume
Premiums for color, bleeds, covers, or special market editions
Rate Base
the circulation figure on which the publisher bases its rates
Guaranteed Circulation
the number of copies the publisher expects to circulate
Circulation audit
a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors—by companies such as ABC.
Primary Circulation-
represents the number of people who buy the publication, either by subscription or at the newsstand.
Secondary Readership
an estimate determined by market research of how many people read a single issue of a publication, is very important to magazines.
Vertical Publications
covers a specific industry in all its aspects
Horizontal Publications
in contrast, deal with a particular job function across a variety of industries.
Subscription and Vendor Sales
Media buyers are interested in a magazine's ratio of subscriptions to newsstand sales, as subscriptions now make up most sales. While newsstands represent 34% of revenues for major magazines, they signal strong consumer demand since buyers choose single copies over subscriptions.
paid circulation
the recipient must pay the subscription price to receive the magazine. Bloomberg Businessweek is a paid-circulation business magazine.
controlled circulation
the publisher mails the magazine free to individuals who the publisher thinks can influence the purchase of advertised products.
Merchandising Services: Added Value
Magazines and newspapers often enhance their advertising value by offering additional services to advertisers, such as:
Special promotions to stores.
Marketing support to help readers find local outlets.
Response cards for brochure or catalog requests.
Assistance with sales force, broker, wholesaler, and retailer meetings.
Advance editions for trade professionals.
Research on brand preferences, consumer attitudes, and market conditions.
Cover Date
the date printed on the cover.
On Sale Date
the date the magazine is issued
Closing Date
The date all ad material must be in the publisher’s hands for a specific issue.
Frequency Discounts magazines
based on the number of ad insertions, usually within a year
Volume Discounts magazines
based on the total amount of space bought during a specific period.
Premium Rates magazines
Magazines charge extra for special features. Color normally costs 25 to 60 percent more than black and white.
Geographic Editions mags
target geographic markets
Demographic Editions mags-
reach readers who share a demographic trait, such as age, income level, or professional status
How papers are categorized- Frequency of Delivery magazines
Audience Differences: Morning papers have a broader geographic reach and a larger male readership, while evening papers are more popular with women.
Weekly Newspapers: Weekly newspapers serve small urban, suburban, and rural areas, focusing on local news and ads, and are the fastest-growing newspaper category.
Cost and Reach: Weekly newspapers tend to have a higher cost per thousand readers but often have more readers per copy and a longer shelf life than daily newspapers
How papers are categorized- Physical Size magazines
Newspaper Formats: Two main formats exist: standard size (22" deep, 13" wide) and tabloid size (14" deep, 11" wide).
Tabloid Types: National tabloids (e.g., National Enquirer) focus on sensational stories for single-copy sales, while others like New York Daily News emphasize straight news.
Standard Advertising Units (SAU): In 1984, the industry introduced the SAU system to standardize column width, page sizes, and ad sizes, reducing the 400 ad sizes to 56 for standard papers and 32 for tabloids.
Industry Conversion: Almost all daily and most weekly newspapers adopted the SAU system, despite the cost of conversion.
How papers are ctegorized- type of audience
Special-Interest Newspapers: Some dailies and weeklies target specific audiences, featuring ads tailored to those groups and often having unique advertising rules.
Ethnic Market Focus: Over 200 U.S. newspapers serve the African American community, and others cater to various foreign-language groups, with papers printed in 43 languages other than English.
Business & Financial Newspapers: Papers like The Wall Street Journal focus on business and financial news, with a large circulation of 1.8 million.
Other Specialized Audiences: Some newspapers serve fraternal organizations, labor unions, professional groups, religious communities, or hobbyists.
Run of Paper Advertising Rates
entitles a newspaper to place a given ad on any newspaper page or in any position it desires.
Preferred Position Rate
A position in a printed publication that is thought to attract most reader attention and is sold at a higher rate
pros of mags
Color
Authority and Believability
Permanence
Prestige
Audience Selectivity
Extensive Pass-along Readership
Cons of mags
Lack of Immediacy
Lack of Distribution
High Cost
Low Frequency
Long Lead Time
Advertising Cutter
Pros of newspapers
Mass Medium
Local Medium
Comprehensive
Geographic Selectivity
Timeliness
Credibility
Cons of newspapers
Lack of Selectivity
Short Life-Span
Poor Production Quality
Clutter
Lack of Control over Placement