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BIA/Kelsey IDs Local Media Trends to Watch in 2010
Chantilly, VA - Jan 19, 2010 - BIA/Kelsey has released its top five trends and industry developments to watch in 2010 in interactive local media, mobile local media, global Yellow Pages, vertical directories and classifieds, and broadcast media. These predictions were drawn from analysis of more than three dozen anticipated developments the firm provided to clients of its Continuous Advisory Services.
The top five predictions for 2010 from BIA/Kelsey's Continuous Advisory Services - Interactive Local Media, Mobile Local Media, The Kelsey Report (global Yellow Pages), Digital Strategies for Broadcasters (the firm's newest advisory service), and Marketplaces (vertical media and services) follow.
1. The Return of a Competitive Search Market
BIA/Kelsey analysts believe the next two years will fundamentally alter the local media market landscape, based on the thesis that the economic implosion over the past year and a half will irrevocably change advertiser behavior. The ILM team's top prediction is the return of a competitive search market. They have advised their clients to expect traffic acquisition costs to start to rise. If AOL moves to the Bing camp, the tri-search-fecta of Bing-Yahoo-AOL brand would be a competitive one.
2. Location, Location, Location
BIA/Kelsey analysts believe the mix of technology, usage and advertiser trends will further define the pace and change of mobile media and affirm the core role mobile will play in the $140 billion local media industry. In 2010 the MLM analyst team predicts location and geotargeted advertising will represent a long-elusive revenue stream for Twitter and for third parties that mash Twitter streams and location data. Also expect Facebook to integrate automatic location detection into the status updates that have become central to its user experience.
3. Mobile Monetization Takes Hold
BIA/Kelsey analysts believe the level of urgency for Yellow Pages publishers to diversify their mix of revenues and re-engineer their sales organizations is at its peak. Look for publishers to begin testing discrete monetization paths for their mobile search products. These will range from discrete landing pages to pay per call. The dollars will be small, but publishers will want to see how they are embraced by the sales channel and reps. They will also want to understand which approaches deliver value and which do not.
4. Broadcasters Win With Localism
The top prediction from Digital Strategies for Broadcasters suggests local broadcasters have three incredibly valuable assets: local brands, local content and local sales forces. DSB analysts are advising clients to expect to see some creative broadcasters bringing these assets together in very compelling business models.
5. Newfangled Ad Networks Begin to Monetize Hyperlocal
Despite the general devaluation of ad networks and the impact of a poor economy, BIA/Kelsey analysts believe vertical ad networks hold a great deal of promise. The vertical opportunities in marketplaces appear to be the sector of the Internet economy where many of the biggest opportunities lie. New vertical combinations could provide a certain amount of sustaining revenues from emerging players, such as networks of hyperlocal sites and local/lifestyle networks. Marketplaces analysts will be watching for agencies to ask for alternative online distribution and to put up the bucks.
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