It was nice to see the Radio Advertising Bureau’s 2009 Year End news release and how it pointed out the momentum in revenues from online radio. The RAB release showed that the digital sector brought in $480M in revenues in 2009, a 13% increase from 2008. These results compare to radio’s overall revenue, which dropped 18%, from $19.55B in 2008 to $16B in 2009. Many large terrestrial stations reported revenue drops of 20% to 25% for 2009.
Creating some excitement as move in 2010, the RAB report pointed out that 2009 Q4 revenue saw a 15% increase over 2008’s Q4 number. The RAB reported that “Marketers increasingly recognize Radio’s loyal audiences who tune in via multiple audio devices such iPods, HD, mobile apps, etc.”, and that “…the digital sector has maintained its upward trajectory throughout 2009”.
Yes, it’s nice to be in the online sector.
In a related report, the Radio and Internet Newsletter’s 2/22/09 edition cited BIA/Kelsey’s U.S. Local Media Annual Forecast for 2009 that online ad revenue will grow from $15.2B in 2009 to $36.7B in 2014, and that there will be “a steady shift toward digital media.”