Date-wise News
Data center services growing at 23 pc: CyberMedia
Blazar helps Shine.com ‘Move Up’ with new campaign
IAMAI announces Info Edge’s Hitesh Oberoi as new Chairman
Lowe Lintas bags Suzlon Group creative biz
IAA Olive Crown Awards make a green impact at GoaFest 2011
Ad Age's Global Cover Contest Could Be Your Ticket to Cannes
Bharat Bhari Udyog Nigam seeks agencies for empanelment
Digital Media Awards 2011: Industry’s who's who in Jury panel
<b>Apurva Purohit</b>, CEO, Radio City
Whether there is Phase 3 or not, radio will grow to 6 per cent from the current 3.5 to 4 per cent of the ad pie. The first push in that direction will come from ratings itself. We are already seeing very early green-shoots of loyalty towards slots or RJs, which did not happen in the past. Slowly we are seeing the time spent listening to stations going up. The second growth driver is from revenues. Increasingly there are more people who are trying radio at the lower end. From 5,000 advertisers on radio last year, this year there were 9,000 advertisers. At the higher end, the amount of money that people are spending on radio is increasing. So, we can say that overall only 4 per cent of ad budgets reach radio, but large advertisers are spending 8-10 per cent of their budgets on radio now.