Yeah, we’re in a digital age, and radio isn’t lagging behind. According to a press release from the Radio Advertising Bureau (RAB), radio digital ad revenue now makes up 10% of total radio advertising spend. That’s more than $1 billion spent just on radio digital advertisements. “Digital revenue is now growing faster for the radio industry than it is for any other media segment that is also selling digital advertising,” says RAB.
According to RAB, ad buyers are more likely to continue being customers of radio as long as they are offered digital packages. Ad buyers who are told digital packages are not an option for purchase are 26% more likely to stop investing in radio advertising altogether.
As a result, 70% of radio stations are now offering digital advertising services. On average, local radio stations earned $299,213 through sales of digital ads last year, with top performers bringing in up to $17.1 million in digital ad revenue.
Radio’s relevancy has yet to slip, even with most traditional forms of media struggling to stay relevant nowadays. In fact, 92% of Americans still listen to the radio on a weekly basis (that’s 272 million people). And almost all (98%) Americans listen to the radio at least once a month.
AudienceSCAN on AdMall by SalesFuel has audience profiles on over a dozen types of radio-based audiences, from Radio Ad Responders to Online Local Radio Station Listeners to Satellite Radio Listeners. If your client isn’t sure their target customers are listening to the radio, over-the-air or digital, you can show them the light using the marketing, demographic and purchase intent information on each profile. It would be a shame for them to miss out on promoting their company and its products and services on the advertising medium that nearly all Americans interact with at least once per month.