CMOs See Traditional Media Ad Spend Falling
Spending on traditional advertising -- meaning media advertising that does
not use the Web or other digital channels -- will decrease 2.1% over the next
year, according to a survey of
410 marketing executives conducted by the Duke University Fuqua School of
Business from July 16 to August 6, 2013.
The forecast is especially noteworthy because overall execs polled for the
CMO Survey also predicted a 4.3% increase in marketing budgets over the next
year. No surprise -- much of that increase will come from a 10.1% leap n
digital marketing spending, which is expected to grow across the board.