|
LONDON: A study conducted by Nielsen Media Research, UK, has some
good news in store for the advertising business. The advertising
in the UK has grown in each month, except for March, in the last
12 months. This signals some kind of a revival as the market has
been depressed for the last three years or so. Cinema advertising
was up 9 per cent but press advertising remains in the doldrums
with growth of less than 1 per cent.
According to the research report, the total UK advertising spend
was up 4 per cent in April and TV - the biggest medium in terms
of expenditure - increased by more than 8 per cent year on year.
The Guardian newspaper quotes the Nielsen report as saying that
Procter & Gamble, Britain's biggest advertiser, spent 26 per
cent more on advertising in April 2003 than in the same month last
year. It says that the consumer goods giant, which owns brands such
as Ariel, Sunny Delight and Pringles, spent £14.7 million
on advertising in April. The report also says that L'Oreal increased
its advertising expenditure by 33 per cent to £7 million.
This news will give media firms hope that the worst recession in
a decade may soon be over.
|