Jatukarm amulets good news for papers

WORANUJ MANEERUNGSEE

The Jatukarm Ramathep craze has brought good fortune to the country's newspapers, which recorded 10.47% growth in advertising spending in July due almost entirely to the amulets. The results for newspapers were among the few bright spots for the ad industry, which recorded total spending growth of just 1.93% in July and a decline of 0.04% year-on-year for the first seven months, said Nielsen Media Research.

Under spending by brand, Nielsen lists ''Wat-Thu-Mong-Kol'' or ''sacred objects'' as having spent 111.54 million baht on advertising in July _ 14 times more than was spent in July last year. For the first seven months of the year, the category accounted for 465.78 million baht, against 69.35 million a year earlier.

The only brand that spent more was Pond's facial skin-care products, at 478.52 million baht. Trailing the amulets were traditional heavyweights including Oil of Olay, Coke, M-150 energy drinks, Toyota, DTAC, AIS, Breeze detergent and Colgate toothpaste.

Mass-market Thai-language papers received the lion's share of the amulet ads but the party appears to be over. The law of supply and demand has caught up with the amulets and their prices have fallen like a stone. Some can now be had for five baht each or even bought in bulk.
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