Article: MIN'S EXCLUSIVE REVIEW OF GROUP PUBLISHERS' FIRST-QTR.-1998 AD PAGES: 20 OUT OF 30 COMPANIES' ADVERTISING "BOTTOM LINES" ARE BLACK.

If corporate ledgers depended only on ad pages, then execs at Curtco Freedom (+28.38% through March) would be jumping for joy, while those at Rodale (-16.70%) would be jumping out windows. But both group publishers' cumulative differentials are induced by extenuating circumstances: Curtco is aided by fledgling titles Home Theater (+76.29%/ Portable Computing Direct Shopper (+58.77%), while Rodale is hurt by one less issue from Bicycling (-47.12%) and its stricter ad parameters (no tobacco, etc.) with 1997 acquisition New Woman (- 23.42%). There is nothing extenuating, though, at American Express Publishing, where Departures/Food & Wine/Travel & Leisure's combined +19.52% ...

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