BENGALURU: The FICCI-KPMG Media and Entertainment Report 2014 (M&E-2014 Report) says that the radio industry outperformed all other traditional media segments by clocking a growth of about 15 per cent in 2013. The report further goes on to say that clients are being forced to re-evaluate their media mix as their advertising budgets are constantly under pressure. There has been a tendency to shift focus from nationwide pure brand building to more tactical, local, focused promotional targeting. This has played in radio’s favour as it enables local reach to advertisers, who are looking to target specific audiences at affordable pricing.
Be it a product launch, realty, education institutes, restaurants, jewellery brands, theatres, movie and movie audio launches, the elections, events or artist performance, radio is now an important part of a plan for any media planner.