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As per industry estimates, the overall radio industry is growing
at around 22 per cent annually. Private FM players contributing
45 per cent towards this growth pie. The four metros during the
period between July and September 2004, Chennai contributed for
81 per cent of local advertising followed by Delhi at 70 per cent,
and Kolkata and Mumbai at 66 per cent respectively.
Interestingly, Chennai emerged as the most developed retail market;
Mumbai and Kolkata contributing the least across the 4 metros
Across the three platforms - TV, radio and print, Radio seems closest
to print in terms of the product categories advertised. Across the
four metros, on an average, radio advertising rate is estimated
at 9 minutes per hour of during the morning daypart, commonly referred
to as SPT or super prime time slot for radio.
The clutter was observed to be much lesser during the afternoons
but peaked again to about 8 minutes per hour during the second SPT
slot, which is early evening. Advertising pattern also saw a different
trend across the four metros: The analysis revealed that while Delhi
and Mumbai enjoyed two distinct peaks during the morning and early
evening, Chennai peaked the highest as compared to other cities
during the morning but there was no peak during the evening at all.
Kolkata radio although attracted the lowest advertising duration
through the day, the clutter levels were quite stable across the
day.
Another notable point here was that during the evening slot only
Delhi and Mumbai observed radio advertising peaks again.
Although, subscription rates have not yet been decided, AdEx is
very optimistic about the radio AdEx, and believes that this offering
will help media agencies as well as clients plan and buy on radio
more cost effectively.
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