Mediavest scores hat-trick in press spend

Michael Clancy, Mediavest and Vincent Crowley, chairman, NewsBrands Ireland

Mediavest was the biggest spender on press advertising in 2016 for the third year running. A report by NewsBrands Ireland – formerly the National Newspapers of Ireland (NNI) – showed the Core Media group agency recorded a spend of €154.5 million. Sister agency, Mediaworks, had the highest increase. Sixty per cent of agencies upped their spend in 2016.

The NewsBrands’ data found that a total of €154.5m was spent on press ads last year, with €94m from agencies and €60m direct. The annual agency league table which ranks agencies by spend.  Mediavest had a spend of almost €14.5m. Michael Clancy, managing director, Mediavest, said his agency was delighted to once again be the largest press investor.

“Both on and offline they deliver a valuable audience to our clients in a trusted editorial environment, something that’s increasingly important in a world of ‘alternative facts’ and fake news’,” Clancy added. Elsewhere in the agency league table results, Mediaworks recorded the highest increase in ad spend, a growth of €2.4m, or 60 per cent, year on year.

Ad Vantage Media recorded the highest annual percentage increase at 80 per cent.

NewsBrands Ireland’s 2016 Agency League Table

Position 1 January 2016 to 31 December 2016  
1 Mediavest   14,580,492
2 Mediacom        7,613,722
       3 Mindshare Media        7,238,702
4 Starcom        7,092,206
5 MediaWorks        6,559,111
6 Carat        5,554,425
7 OMD        5,192,904
8 MEC Ireland        4,064,272
9 Initiative        3,814,989
10 Vizeum        2,857,354
11 Zenith Optimedia        2,331,179
12 PHD Media (Ireland)        2,000,427
13 Maxus        1,675,879
14 Pierce Media        1,182,906
15 Havas Media Ireland          976,096
16 Javelin Advertising       926,795
17 Focus Advertising       855,218
18 Engage Communications       831,535
19 Hopkins Communications       639,616
20 Ad Vantage Media       539,473
Total Revenue from Agencies 94,305,122
Total Revenue from Direct Sources 60,258,651
GRAND TOTAL 154,563,773
   

 

Newsbrands Advertising Revenue Full Year 2016 2015         Diff %
Revenue from agencies 94,305,122 98,415,997 -4.18
Revenue from direct sources 60,258,651 66,126,118 -8.87
Total 154,563,773 164,542,115 -6.06
 

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