03.09.2010 01:00 PM
Analysts See $4 Billion in Local Ad Growth Through 2014
CHANTILLY, VA.:Local ad revenues for TV and radio are projected
to hit $34.3 billion in 2014, up from $29.9 billion in 2009, BIA/Kelsey said
today. The increase represents a compound annual growth rate of 2.8 percent.
Digital revenues for TV and radio are expected to grow at a 17.8 CAGR during
the same period, “illustrating the continued shift toward digital media,”
All local media platforms are expected to take in nearly $145 billion in 2014,
according to an earlier estimate from BIA. The total would represent a CAGR of
2.2 percent from 2009, and mean that TV and radio would take in nearly 24
percent of it.
BIA said all digital media (including those related to TV and radio) would take
in $36.7 billion in 2014, a CAGR of 19.3 percent. Rick Ducey of BIA/Kelsey said
broadcasters need to find a way to get a piece of that.
“Broadcasters must evolve to participate in more areas of the media ecosystem,”
he said. “This means developing the right multiplatform and multiple revenue
stream strategies, which in turn requires new workflow, partnerships, business
models and resources.”
BIA recently projected 2010 TV revenues, including online income, at $16.1
billion, up from $15.6 billion last year, but still down from roughly $20.1