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IBM Pulls BusinessWeek Advertising

Published on June 06, 2006 | Email this article

IBM is pulling advertising out of McGraw-Hill’s BusinessWeek magazine for the foreseeable future, the Wall Street Journal reports. IBM has been one of BusinessWeek’s top advertisers in recent years, although it had reduced its spending to $9.3 million last year from $14.9 million in 2004.

 

One reason for IBM’s move is related to pricing. BusinessWeek wasn’t willing to give IBM the level of discount sought by the marketer. IBM spent about $355 million on U.S. ad time and space in 2005, down from about $420.6 million in 2004.

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