analyst

BIA/Kelsey expects online/digital to make up 25% of local ad market

Tuesday, July 17, 2012 - 12:00pm

BIA/Kelsey expects a 11.7% compound annual growth rate (CAGR) for radio's local online revenue in the 2011-2016 period. While television's local online revenue will grow a little more quickly (almost 13% CAGR), both trounce newspaper's (5%).

The firm also expects local ad revenues in the "online/interactive/digital" category to grow more than 13% this year, pushing the digital category past the 25% mark in the local ad market.

Probably not surprisingly, the "star" categories in BIA/Kelsey's new "U.S. Local Media Forecast (2011-2016)" are mobile, social media, and online video. The analysts expect the local mobile search segment to grow 77% this year, local online video about 52%, and social media 26%.

A summary of the report is here; purchase the full report here.

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