This article raises the question of whether press readers are ad- lovers or
ad-averse. If readers are ad-lovers, a positive circulation spiral should
be expected, through mutual reinforcement between circulation and advertisi
ng. On the contrary, advertising aversion may eventually lead to a decrease
in circulation when newspapers' advertising space increases. The empirical
section of the article concludes that attitudes toward press advertising a
re country specific. The theoretical section develops some implication of a
dvertising aversion hypothesis.