What constitutes a media owner is being challenged by structural shifts in the global advertising market worth $993bn this year. The entire global publishing ad market will be worth $47.2bn in 2023, per WARC Media data, a decline of 7.7% year-on-year in 2023. Global publishing print advertising revenue has halved in the last six years, from $75.9 billion in 2016 to $37.3 billion in 2022. “While Meta is launching a paid verification service reducing its reliance on ad revenues, content-creating media owners have not given up on the ad market. Global spend on video, audio, publishing and OOH has scarcely shifted.
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