Global print ad spend will slip to $24.3bn in 2024, according to WARC Media, while online newsbrand spend will reach $9.7bn.
The year-on-year change for print ad spend has stayed in the negatives for a decade when it tanked to -23% in the pandemic year. It’s forecast that print ad spend will decrease by 3.7% year-on-year in 2024, at a milder rate than in previous years.
Buoyed by sports events and elections, online press ad spend is expected to experience further growth at 3.9%, up from 0.5% last year.
An outlier for the global newsbrands’ trajectory...