WPP and iHeartMedia join forces to lure more audio branding business

WPP is hooking up with IHeartMedia on a new partnership aimed at luring more audio business from marketers. The venture, called “Project Listen,” will offer creative consulting and media planning covering multiple platforms, including broadcast radio, digital streaming, podcasts, smart speakers and live events. The two companies, which plan to announce the initiative today at Cannes, want to capitalize on the rising interest in audio advertising. The medium is enjoying a renaissance thanks to the surging popularity of podcasts and digital streaming. “Project Listen is about tapping into the scale of audio and moving from the traditionally transactional radio business to the future of audio advertising where insights and ideas lead the way to growth for brands,” iHeartMedia CEO Bob Pittman said in a statement. Consumers are listening to audio content for an average of 17 hours a week, according to new research from iHeartMedia. Ad spending in the U.S. on podcasts jumped 53 percent last year to $479 million, with podcast revenue projected to grow to $1 billion by 2021, according to a new report from the Interactive Advertising Bureau and consultancy PwC. The most interest is coming from direct-to-consumer retailers, followed by financial services, according to the report. It notes that host-read ads remain the most popular format, accounting for nearly two-thirds of ad spend.The rising spending has created a new battlefield for audio ad and consulting dollars. The... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-06-17 10:00:00 UTC ]
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[ Publishers Weekly | 2014-05-06 00:00:00 UTC ]
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Recorded Books Buys HighBridge Audio

Recorded Books Inc. has acquired HighBridge Audio, the audiobook imprint of Workman Publishing. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-05-05 00:00:00 UTC ]
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'Geek Girl' joins seven-strong Branford Boase shortlist

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[ The Bookseller | 2014-04-30 00:00:00 UTC ]
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Karin Scherer joins Heywood Hill

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[ The Bookseller | 2014-04-30 00:00:00 UTC ]
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Learn to Leverage Your Niche Media Brand at FOLIO:’s Growth Summit

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[ Folio Magazine | 2014-04-23 00:00:00 UTC ]
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The Audio Book Club Wonders Where’d You Go, Bernadette

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[ Slate | 2014-04-11 00:00:00 UTC ]
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Canongate confirms Brand kids' books buy

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[ The Bookseller | 2014-04-02 00:00:00 UTC ]
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Readerlink Expands Distribution Business

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[ Publishers Weekly | 2014-04-02 00:00:00 UTC ]
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Creamer Joining Hachette Books

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[ Publishers Weekly | 2014-04-02 00:00:00 UTC ]
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Russell Brand at work on children's books

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[ The Bookseller | 2014-04-01 00:00:00 UTC ]
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O’Reilly Abdicates Throne, Patterson Claims Audio Crown

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[ Publishers Weekly | 2014-03-28 00:00:00 UTC ]
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LinkedIn Launches Insights Tool to Help Brands Become Better Publishers

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[ Advertising Age | 2014-03-27 00:00:00 UTC ]
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Fox joins Phaidon as c.e.o.

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[ The Bookseller | 2014-03-26 00:00:00 UTC ]
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Comcast joins Time Warner Cable in Consumer Reports' doghouse

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[ Los Angeles Times | 2014-03-26 00:00:00 UTC ]
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[ The Bookseller | 2014-03-24 00:00:00 UTC ]
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Brands should welcome entry of news publishers' into content marketing

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[ The Guardian | 2014-03-24 00:00:00 UTC ]
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[ Publishers Weekly | 2014-03-24 00:00:00 UTC ]
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Why Forbes sees a platform approach building its brand, not diluting it

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Join PW's Cookbook Webcast

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[ Publishers Weekly | 2014-03-17 00:00:00 UTC ]
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