Business Week Raised Rates

Posted on 7/7/1999 by Jim Pickerell | Printable Version | Comments (0)

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BUSINESS WEEK RAISES RATES


July 7, 1999

Business Week has announced a new rate policy effective July 1, 1999 with

substantial increases in usage rates. This is an interim policy while

negotiations continue between Business Week and a group of editorial

photographers. There are two full proposals on the table and it is expected to

be several weeks before a final policy is approved. The rates below apply to all

photographers and all work done for BW, not just for the photographers involved

in the negotiations.The rates are as follows:

  1/4 page or less   

$ 225   

  (this is up from $175.00 still the official rate at Time Magazine and an increase

of 29 percent. Further there will be no more spot rate bringing the minimum rate

from $100 to $225.00)   

  1/3 page   

$275   

  (new category which will help photographers because prior they only paid an

increase at 1/2 page size.)   

  1/2 page   

$325   

  (up from $250.00 for an increase of 30 percent)   

  2/3 page   

$400   

  (again a new category)   

  3/4 page   

$500   

  (up from $400.00 for an increase of 25 percent and $100.00 more than Forbes, Time

and Newsweek.)   

  Full page   

$600   

  (up from 500 for an increase of 20 percent and again more than all of the

competition.)

  

Business Week will also still pay for research fees when they are applicable. In

addition the day rate was recently increased to $400.00 from $350.00 or roughly

14 percent and the cover rate was increased to $1500 from $1000.00 or 50%.


Copyright © 1999 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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