This paper reports the thermal stability of particulate media, which include Co-Fe oxide, CrO2, and thick and thin MP tapes. By measuring the time decay of magnetization at room temperature, fluctuation fields were obtained as a function of reverse applied field. It was clarified that the fluctuation field has a constant and minimum value when the reverse applied field is equal to coercivity. Minimum fluctuation fields for the four particulate tapes were measured at several environmental temperatures ranging from -75 to +100. It was also clarified that the fluctuation field normalized by remanence coercivity increases as the environmental temperature increases for all tapes, indicating that it is a good measure of thermal stability. Activation volumes were also deduced as a function of temperature.