According to the most recent report from the Radio Advertising Bureau, radio revenues remained steady as June numbers came in flat across most sectors of the industry. Grand total all revenue, local spot, national spot, and total combined local and national spot dollars all remained flat for the month compared to June of 2004. NTR figures dropped 5% this June over last June.
On a year-to-date basis, Radio revenues are up slightly for the first six months of 2005. Grand total all revenue, local spot, national spot, and total combined local and national ad sales figures all increased by 1% compared to the same time period from last year. NTR dollars for January through June of 2005 remained flat compared to those same months from 2004.
To put the intermediate and long-term growth of the Radio industry into proper perspective, the RAB introduced an Ad Sales Index that equates base year 1998 to 100. The monthly totals included here are based on the RAB Radio Revenue Index of more than 150 markets.
Gary Fries, President and Chief Executive Officer, RAB, says "The Radio industry is very actively and aggressively pursuing new technologies, formats, and platforms which will drive the business as we move forward into the second half of 2005 and into 2006."
INDEX OF RADIO REVENUE POOL NUMBERS | |||||
JUNE 2005 VS. JUNE 2004 | YEAR-TO-DATE JAN. - JUNE 2005 VS. JAN. - JUNE 2004 | 2ND QUARTER 2005 VS. 2ND QUARTER 2004 | |||
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Local Revenue |
| Local Revenue |
| Local Revenue |
|
All Markets | 0% | All Markets | 1% | All Markets | 0% |
Local Ad Sales Index | 140.8 | Local Ad Sales Index | 141.7 |
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National Revenue | National Revenue | National Revenue | |||
All Markets | 0% | All Markets | 1% | All Markets | 0% |
Nati'l Ad Sales Index | 123.2 | National Ad Sales Index | 144.8 |
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|
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Local & Nat'l Rev | Local & Nat'l Revenue | Local & Nat'l Revenue | |||
All Markets0% |
| All Markets1% |
| All Markets0% |
|
Comb. Ad Sales Index1 | 37.9 | Combined Ad Sales Index | 142.6 |
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|
| |||||
Non-Spot Revenue | Non-Spot Revenue | Non-Spot Revenue | |||
All Markets | -5% | All Markets | 0% | All Markets | 2% |
| |||||
Grand Total Revenue | Grand Total Revenue | Grand Total Rev | |||
All Markets | 0% | All Markets | 1% | All Markets | 0% |
Source: RAB, July 2005 |