»
The internet is about to overtake outdoor as the fifth-largest global ad medium this year, is closing in on fourth-place radio, and has achieved a first in two countries, according to the quarterly revision of ZenithOptimedia’s global ad tracking study.
Internet ad spend is forecast by Publicis Groupe’s ZenithOptimedia to achieve - for the first time in any major market - double-digit market share this year in two countries, the U.K. (12.9 percent) and Sweden (10.5 percent), writes MediaPost (via MarketingVox). Moreover, the agency now forecasts an 84 percent increase in internet ad spend from 2005 to 2008 - an upward revision from last quarter’s 76 percent estimate.
Despite such growth, only in 2011 is internet ad spend forecast to achieve double-digit share globally. Online ad spend share worldwide is anticipated to reach 5.7 percent in 2006 and 7.3 percent in 2008, when in several other countries online ad spend market share is expected to reach double-digits, including Australia, Israel, Japan, Norway, South Korea and Taiwan.
Overall, ZenithOptimedia expects global ad spend to grow 6.0 percent this year (5.2 percent in the U.S.), 5.4 percent in 2007 (U.S., 4.2 percent) and 5.9 percent in 2008 (U.S., 4.3 percent).
Katz Radio Group has snared two more major clients, having approached and signed CBS Radio and Entercom Communications, formerly clients of Interep.
CBS Radio represented about a third of Interep’s total revenue, writes Mediaweek.
Interep filed last month to convert its…
CNN plans to offer newspapers a wire service as an alternative to the Associated Press. CNN, which already runs an internal wire service, will explain its new, expanded service to editors from about 30 papers who are visiting Atlanta this…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
Regulatory filings reveal that billionaire hedge-fund manager Carl Icahn bought nearly 7 million additional shares — about $67 million worth — of Yahoo.
The investor paid an average of $9.92 for each share over the course of three days, bringing…
Despite the U.S. financial crisis and dwindling marketing budgets at some financial institutions, the number of retention-related direct-mail offers sent by banks to current customers in Q3 2008 was 42% higher than in Q2.
View chart of estimated mail volume, Q3…
