SMI: April ad spend falls 9.2 per cent, newspapers hardest hit again
April was a bleak month in advertising with media agency expenditure falling 9.2 per cent or $53.8m year on year as extended holidays took their toll on the industry.
According to the Standard Media Index (SMI) media agency billings dropped to $530.5m for the month, with executives pointing to the proximity of Anzac day to Easter and advertiser hesitation ahead of this week’s federal budget.
In total the metro TV market revenue was down 13.2 per cent year on year to $182.9m, down $27.7m on last year. Seven had a record share of revenue hitting 43.6 per cent on the back of the finale of the franchise My Kitchen Rules, Nine fell 1.1 per cent to a 37.1 per cent share, which it has blamed on a delayed start to The Voice, while Ten’s share continues to slump amid continuing lacklustre ratings with just 19.3 per cent.
Kurt Burnette, Seven’s chief revenue officer said: “This is a record share for Seven. It underlines how every part of our business – across television and publishing – is outpointing its competition.
I wonder if there will be any printed papers in 5 years
Nic – why the fixation on monthly results? Every month there is something to point to that either happened this year as a one off (eg anzac day, easter together) or last year (eg special event xxx) that explains away any large variance.This is even before we consider the more obvious explanation of client campaigns starting earlier or later than last year, which render monthly comparisons useless.
Would it not be more meaningful to report Year To Date growth vs last year?
This would get rid of the nonsense of comparing monthly results versus same month last year, and as the year goes on, the YTD growth measure would become less volatile and so provide a good indication of the yearly growth figures in the industry
If April ad spend fell 9% in April (vs 2013) here’s a fearless prediction: May will be up!