The halcyon days of print-based media are not returning in the near future, a new report said, as flat or declining revenues are expected at magazines and newspapers over the next five years. But digital growth will help hold the line, at least at magazines.
Consumer magazine revenue will be essentially flat this year at $24.6 billion compared with 2013, according to the annual Global Entertainment and Media Outlook from PricewaterhouseCoopers, which was released on Tuesday. It will remain at approximately $24.6 billion through 2018, PricewaterhouseCoopers predicted.
During that time, overall ad sales are expected to climb at a combined annual growth rate of just a half percent; circulation is forecasted to inch up 0.1%.
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