If you look at just about any magazine you’ll see that the lines of text line up along the bottom of the page. Even if there are images in some columns and not in others, everything lines up very neatly along the bottom of the page.
Publisher 2003 included a new feature which has been carried forward into Publisher 2007 and which lets you create baseline guides so you too can get professional looking results with your text.
In Publisher, these baselines let you position text so that the baseline of the text in one column of text lines up with the baseline of the text in the columns adjacent to it.
To configure the baseline guides for a series of columns, choose Arrange > Layout Guides > Baseline Guides and set the spacing and offset for your baseline. While you can create both horizontal and vertical baselines, horizontal baselines are those you’re most likely to use.
To get the best results, the Spacing setting which controls the spacing between lines of text aligned to the guides should be the same or larger than the line spacing between your lines of text. So, for example, if you are using 12 point text set the baseline to 14 points or more (typically line spacing is set to 2 points more than font point size).
Then, when you have created your text, select it and choose Format > Paragraph > Indents and Spacing tab and, under the Line Spacing options, select the Align text to baseline guides checkbox. This will re-align the selected text so that it lines up with the baseline guides throughout your paragraph.