Radio Ad Revenue Plummets In 2009

Radio Ad Revenue Plummets In 2009

 

Radio Ad Revenue Plummets In 2009
Radio advertising revenue across on-air, off-air and digital categories declined 18 percent to $16 billion in 2009, according to a Radio Advertising Bureau report. While local and national on-air advertising dropped 20 percent to $13.2 billion and network radio advertising declined 9 percent to $1 billion, digital advertising increased 13 percent to $480 million. (2/22)

Japan Digital Market Level
Digital units totaled 468 million in Japan in 2009, down 2 percent compared to 2008, equaling $993 million in revenue, according to the Recording Industry Association of Japan. Internet downloads increased 12 percent to 46.8 million, equaling $111.3 million in revenue. Mobile music units declined 4 percent to 421.3 million, with ringtones falling 19 percent in value to $178.8 million while full track units rose 4 percent in value to $538.7 million. (2/22)

EMI Shelves Plans To Sell Abbey Road
Following last week's report, EMI Group Ltd. has announced it plans to keep Abbey Road Studios and entertain discussions with potential investors regarding a possible revitalization project. The news of Abbey Road Studios' potential sale generated reaction from music fans, Beatles co-founder Paul McCartney, who said he hoped the studio could be preserved, and the National Trust heritage group, which said it was considering purchasing the studio. (2/22)
 

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