Through the first four months of 2004, media account turnover totaled $1.662 billion--down 21 percent from the first four months of 2003 and 48 percent from the first four months of 2002, the year that Media Analysis Plus first began tracking media account shifts.
Part of the reason for the slowdown, says MAP CEO Jim Surmanek, is that some marketers have begun shifting to media audits, choosing instead to work on improving their relationship with--and service from--their incumbent media agency, as opposed to throwing their business into review.
"There is a lot of media auditing work going on, most of it very quietly, but the pace of media account changes has slackened considerably," he notes.
Media Account
Turnover: April 2004 advertisement advertisement
Account Loser Winner Billings
Equal Wolf Group Media Kitchen $15 million
Mitsubishi
Deutsch PHD $265 million
Starbucks Starlink Wieden + Kennedy $20 million
Timberland Fallon Arnold $11 million
USA Today In-house
Interpublic $10 million
April Total $306 million
Vs. April '03 -64%
Year-to-April
$1,662 million
Vs. YTD '03 -21%
Source: Media Analysis Plus' April 2004 MAP Barometer.