With last week’s bulletin reporting significant economic growth from Q2 of this year, this week we wanted to look at the role radio can play in helping brands ensure they get their share of revenue from the increase in consumer demand.

According to new Re-Evaluating Media for Recovery research from Ebiquity and Radiocentre Radio is one of the best performing media to help brands recover from a recession.

Their most recent report reveals that media consultants are planning to increase radio spend in 2021. Ebiquity discovered that radio perceptions are catching up with reality for particular attributes including targeting the right people in the right place at the right time and building brand prominence. This means that radio’s overall perception ranking has improved from 6th in the 2018 report to 3rd (behind TV and online video).

 

 

Over one third of advertisers (34%) are planning to invest more in radio in 2021 when compared to pre-COVID 2020 budgets. This shift is the highest for any traditional medium according to the study.

Despite the positive move media decision makers still underestimate the time audiences spend listening to radio and overestimate the time spent listening to podcasts or steaming. The research found that they believed listeners spent 58% of time listening to radio, 26% with on-demand music and 16% on podcasts. The evidence from RAJAR MIDAS revealed very different results – live radio actually made up 84% of listening time, with on demand making up 9% and podcasts 8%.

Radiocentre Planning Director Mark Barber said “We are pleased to see perceptions of radio come closer to the truth and that media spending intentions show radio is in line to get more investment from advertisers wanting to ensure their brands bounce back from recession.”

 

67% of Advertisers will increase or maintain their radio spend across 2021

 

 

If you would like a more in-depth analysis of these points or we can help with your advertising needs please contact us at hello@urbanmedia.ie.

Bringing your message to new urban audiences.

 

urbanmedia is now on Instagram, follow us @urbanmediairl.

Source: Ebiquity, Radiocentre
Categories: newsonlineRadioTrends

urbanmedia

urbanmedia

We are urbanmedia and we’ll bring your brands closer to the people living, listening and consuming in urban Ireland.