US adspend: Radio & newspapers lose to online & outdoor

2006 saw newspapers and radio lose substantial market share to online in the US, according to data just released from Nielsen’s ad expenditure monitoring service.

Online advertising grew by 35% and outdoor by a healthy 8% in 2006, whilst network radio dropped by 2.5% and local newspapers 3.5% in a market where national newspapers are few and far between. The hot categories in 2006 were pharmaceuticals with 15% growth and mobile telephone services which rose by over 10%. Overall, US advertising expenditure climbed 4.6% to be worth $139 billion.