New Analysis Reveals Audio and Out of Home Media Offer the Strongest Opportunity to Impact Purchasing

Study Shares Unique Insight on Consumer Decision Making Across Categories and Segments that Include Automotive, CPG, Millennials, and African-Americans

CHICAGO, IL (June 13, 2016) – Mediavest | Spark and iHeartMedia today released the results of a joint analysis that measures the correlation of various media and how they influence consumers’ purchase decisions. The results reveal that although there are slight variances across certain categories and consumer segments, overall, audio and out of home advertising prove to exhibit the strongest opportunity to influence consumer purchase decisions shortly before they happen. The study measured consumers’ use of different media on the path to purchase against the following: audio, out of home, print, TV, digital video, search, and social media.

The work covered more than 5,000 consumers using a single-source data set and platform, industry currencies, and globally-consistent yet locally-relevant execution tactics. The insights were gleaned in partnership with RealityMine and the USA Touchpoints dataset, a cross-platform study that identifies consumer behavior relative to location, social setting, activity, emotion and media usage – yielding a “day-in-the-life” snapshot. This study specifically focused on analyzing overall purchase journey behavior, and contains deeper category and target analyses of the following: CPG; Automotive; African-Americans; and Millennials.

“What was so fascinating about these findings is that in an increasingly digital world, audio and out of home advertising still dominate in terms of influencing consumer purchase habits across different stages, categories and targets,” said Helen Katz, SVP Research Director at Publicis Media.

“These findings highlight the unparalleled importance of reach and proximity to purchase for brands wanting to target their core consumers,” said Radha Subramanyam, President of Insights, Research and Data Analytics for iHeartMedia. “Radio, the number one mass reach medium, and out of home advertising are absolutely critical when it comes to driving results for marketers. Companies that ignore these two essential elements risk not taking full advantage of the media mix.”

Key findings from the report include the following:

  • Correlations between media exposure and purchase were higher for both radio and out of home than any other media type
  • Among Millennials – who are typically thought of as “digital first” or “digital only,” – a strong correlation between media exposure and purchase remains highest for radio and out of home versus other media
  • Among African-Americans, audio and out of home are strongly associated with the purchase journey – both in the CPG and Automotive categories
  • In the CPG category, audio and out of home demonstrate a nearly 1 to 1 correlation to purchase consideration and decisions
  • In the Automotive category, audio and out of home show strength for consideration and decision-making

The full research report can be viewed online: http://mediavest-spark.com/wp-content/uploads/2016/06/RCDPP.pdf

About Mediavest | Spark USA
Mediavest | Spark is one of four global media agency brands within the Publicis Media solutions hub, a division of Publicis Groupe. Led by CEO Chris Boothe, Mediavest | Spark USA leverages an agency footprint that includes offices in Chicago, New York, Los Angeles, Seattle and Detroit in the U.S., along with the additional resources of the full Publicis Media organization that spans 100 countries with more than 13,500 employees worldwide.

About iHeartMedia, Inc.

iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month. It consists of three business groups.

With its quarter of a billion monthly listeners, the iHeartMedia Multiplatform Group has a greater reach than any other media company in the U.S. Its leadership position in audio extends across multiple platforms, including more than 860 live broadcast stations in over 160 markets nationwide; its National Sales organization; and the company’s live and virtual events business. It also includes Premiere Networks, the industry’s largest Networks business, with its Total Traffic and Weather Network (TTWN); and BIN: Black Information Network, the first and only 24/7 national and local all news audio service for the Black community. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio suite of data targeting and attribution products using data from its massive consumer base.

The iHeartMedia Digital Audio Group includes the company’s fast-growing podcasting business -- iHeartMedia is the number one podcast publisher in downloads, unique listeners, revenue and earnings -- as well as its industry-leading iHeartRadio digital service, available across more than 500 platforms and 2,000 devices; the company’s digital sites, newsletters, digital services and programs; its digital advertising technology companies; and its audio industry-leading social media footprint.

The company’s Audio & Media Services reportable segment includes Katz Media Group, the nation’s largest media representation company, and RCS, the world's leading provider of broadcast and webcast software.

Visit iHeartMedia.com for more company information.