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What A Media Rate Card Actually Means

Published rates are an opening position. Understanding what sits behind them is what makes a negotiation possible.

Feature illustration for “What A Media Rate Card Actually Means”

A rate card lists what a publisher or broadcaster charges for advertising. Almost nobody pays the number on it. Treating the card as a price list rather than as an opening position is the most common mistake a first-time buyer makes.

The unit of measurement

Most cards quote a cost per thousand impressions — CPM — rather than a flat price, so that buys of different sizes can be compared. A higher CPM is not automatically worse: it usually reflects a more specific audience. The question is always cost per thousand of the people you actually want, not cost per thousand people.

What moves the number

Volume moves it, and so does timing: inventory close to air or close to publication is priced differently from inventory booked months ahead, and which direction depends on how full the book is.

Position moves it. A homepage takeover, a cover, or a first-in-break television slot commands a premium over run-of-site or run-of-schedule placement, which is sold cheaply precisely because the seller chooses where it goes.

Category exclusivity moves it a great deal. Being the only firm of your kind in an issue or a program is worth paying for, and it is worth asking about even when the card does not mention it.

What to ask for beyond price

Ask what is included that is not on the card — newsletter placement, event presence, added-value inventory to round out a package. Sellers with unsold inventory would generally rather add volume than cut the headline rate, because the rate sets the precedent for the next negotiation.

Where disclosure comes in

If the arrangement involves editorial content rather than display advertising, disclosure requirements apply, and they are not optional. Sponsored content must be identifiable as such to a reader. That is a legal and ethical requirement, and any publisher willing to waive it is telling you something about how it treats its audience.


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