I like the IAB. They’re nice people, and do good work. I’m even a member.
As I pointed out this time last year, their reporting is a bit disingenuous (click through to see a nice chart – a product of my ability to devote greater time to blogging).
The headline finding this year is that online represents 23.5% of all UK spending, whereas TV represents 21.9%
- Online conflates search, classified, display and email
- Press display and classified (conveniently separated) combined account for 29.5% of ad spend
- Display represents less than a fifth of all online spend
- If my mental arithmetic is performing better than it was previously (no guarantee), online video advertising is about 2/3 of a % of all online advertising
- Despite PWC auditing, the data is still ultimately self-reported. Online video spend was caveated last year because many respondents didn’t notice the change to the survey, and grouped video into display (as they had done in previous years)
There are still plenty of good stories within the data – online advertising is the only growing medium (though this is driven entirely by search).
But why let the truth get in the way of a good story.
Image credit: http://www.flickr.com/photos/expressmonorail/