Marketers Bullish on Traditional Media A greater proportion of marketers than agencies believe that spending on traditional media will increase this year.
Marketers More Bullish Than Agencies on Traditional Media Spend
January 10, 2012
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A greater proportion of marketers than agencies believe that spending on traditional media such as direct mail (25% vs. 17%), print (22% vs. 8%), and radio (18% vs. 3%) will increase this year as compared to 2011, with the proportions expecting spend to increase on TV relatively on par, according to [download page] a survey released in January 2012 by RSW/US. And although the survey shows that increases in digital media spending will outpace that of traditional media, marketers’ planned increases do not appear to match agency expectations: a higher proportion of agencies than marketers expect spending to increase in social media (89% vs. 63%), mobile (72% vs. 46%), SEO (66% vs. 48%), and banner advertising (55% vs. 30%).
According to December 2011 figures from Kantar Media, outdoor (3.2%), TV (3.2%), and radio (1.1%) led all media in Q3 2011 year-over-year ad spend gains, while internet and newspaper ad spending declined 2.9% and 3.7%, respectively.
Agencies, Upbeat on Economy, Forecast Higher Spending
65% of agencies feel the economy is on the uptick, while 17% say it is not, compared to 45% and 24% of marketers, respectively. Buoyed by this optimism, agencies are 34% more likely than marketers to believe that marketer spend will increase this year (55% vs. 41%) and 53% less likely to believe that spend will decrease (9% vs. 19%). 2 in 5 marketers anticipate no change in spending this year, which RSW/US insight indicates may be a reflection of how spends will be allocated, meaning that more dollars are placed into less expensive digital media.