Television Advertising Loses Out To Online Advertising
The Lintas Media Guide 2008, in its analysis of media spends, reveals that expenditure on television, which makes up close to 40 per cent of the entire pie, actually dropped a bit—by 0.8 per cent over the previous year, to Rs 6,766 crore in 2007. A more traditional medium, press, nudged ahead by 3.5%. The big growth came in the newer pieces of the pie—28% for radio, and 43% for the internet..
Indeed, digital budgets grew by 4-5 times last year. Says Lynn De Souza, Director, Lintas Media Group: “Rs 1 crore in 2006 became Rs 5 crore last year. And clients who spent Rs 5 crore last year are spending Rs 15 crore this year.” Small wonder then that the most optimistic projections for spends on the internet in 2008 are pegged in the Rs 700-crore region.
The current internet reach in the country is 3-5 per cent. With the likes of Microsoft donating computers pre-done in various languages and scripts— like Hindi and Tamil—penetration is expected to improve in a big way. De Souza thinks it could go up to 10 per cent by end-2008. [Via]