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U.K. Media and Marketing Growth to Rely on Internet

Ultimately, the U.K. will rely on the internet for most of its media and marketing growth, and traditional media will underperform in relation to the economy in the long term - unless it becomes more productive - according to the just-issued “This Year Next Year U.K.,” the latest in media and marketing forecasts from WPP’s GroupM, reports MarketingCharts.

Productivity is dependent on being accountable, which means that traditional media can either adopt the internet’s approach (and reason for success, at least in part) or ignore it at its own peril, according to GroupM.

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Highlights of GroupM’s forecast for U.K. marketing and media in 2007:

  • U.K. measured media revenue will recover 4 percent this year, reaching 13 billion pounds (more than $26 billion).
  • U.K. Marketing services are expected to grow - 1 percent, reaching 13 billion pounds.
  • Total U.K. marketing and media will reach 25 billion pounds in 2007 - up 2.6 percent from 2006.
  • That total is expected to reach 27 billion pounds next year, or a growth of 3.1 percent.
  • Demand for TV and print advertising is stabilizing after a big drop in 2006.
  • Internet ad revenue will grow at a slightly slower “warp” speed of 34 percent in 2007, compared with 2006’s 48 percent growth.
  • There is substantial hidden growth in unmeasured marketing services (e.g., events, public relations).

MarketingCharts provides GroupM U.K. forecast data regarding various media, including TV, radio and internet.

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