Internet advertising spend continues to rise
Good news for Internet marketing professionals, Internet marketing spend in the USA continues to rise and is expected to continue chumping at traditional media budgets allocated for television and print ads. Here’s the bit from News.com
Internet advertising: Going up, up, up
More advertising dollars are flowing to the Internet, in a trend that started years ago. Advertising Age has come out with its annual look at the United States top-100 advertising spenders. There are few surprises, but it’s confirmation of what you’ve probably been seeing and expecting. Internet ads now account for 5.5 percent of total spending by the top 100 advertisers in the U.S. That adds up to nearly $10 billion, and the Internet’s about even with radio and ahead of outdoor.
What are the biggest losers? TV’s share of ad spending has been dropping annually for 16 years, after it peaked at nearly 70 percent. TV now accounts for less than 59 percent of American ad revenue. Newspapers had a serious drop of revenue in the 1960s, then slowly began to recover, only to fall off a cliff following 2000. That year papers collected 16 percent of all ad revenue; in 2006 it was less than 12 percent. Since 1970, magazine ad revenue has been fairly flat, but that means not keeping ahead of inflation. Glossy print still is No. 2 in total ad dollars garnered. That leaves the Internet as the only clear winner among major ad media.
The big advertising spender is Proctor & Gamble, which leads at $4.9 billion. Second and third are AT&T with slightly more than $3.3 billion and General Motors with just less than $3.3 billion. These are followed by Time Warner, Verizon Communications and Ford Motor. full story
In the Philippines, traditional media still gets the big share of the advertising pie but more and more companies are starting to foray into the Internet advertising and marketing la la land.