Spending on digital media for local advertising will grow about 19 percent through 2014 and will be 25 percent of total local advertising, while money spent on traditional ads will continue to decline, according to new research from BIA/Kelsey. This “steady shift toward digital media” will see online/interactive media expenditure, at about $15 billion last year, reach nearly $37 billion four years from now, the study said.

What this means for our traditional media outlets dependent on print advertising revenue: Those who already have an online presence should ensure their sites are (a) advertising/code friendly, (b) inventory ready, and (c) maintaining or increasing user traffic/impressions. Traditional media outlets can make up for a loss in print advertising revenues with online revenue, but they must be able to accept ad codes and have the inventory and traffic (and an online media kit). It’s a new world out there and with an increasing number of people getting their news and information online, advertisers are heading straight for the web.

At Broad Street Interactive, we are strong advocates for local online publishers. We represent a network of over 2,000 local news content publishers and bring them together with advertisers trying to reach the important local audience. We are certainly “bullish” on the growth of online advertising budgets in the local space. If your brand is trying to reach the local audience, nationwide contact us for a proposal. We will show you how local can work for your brand.