What’s the Future of Local Advertising?

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    What will local advertising look like a few years from now?

    BIA/Kelsey recently released the following slides about the local ad marketplace in the US.

    A few interesting points they make:

    1. It’s Big – The local ad market brings in $133 billion annually
    2. It’s Fairly Traditional – 92% of local ad spending still goes to traditional media companies (TV, radio, yellow pages, etc.)
    3. It’s Top-Heavy – 81% of the spending is by the largest 22% of companies

    What are the takeaways? There is a lot of hype around ‘local’ at the moment, what with FourSquare, Facebook Places and the Google/Groupon non-deal, but for the companies that get it right there are huge real opportunities in local advertising over the next few years.

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