US Offline Media Spend in 2023 and the Outlook for 2024
US advertising and marketing media spend grew by 5.1% year-over-year in 2023 to total $515.1 billion, a slower rate of growth than seen in 2022 and in 2021. Offline media was responsible in large part for the slowdown, as a 'down year for offline' pushed spending down on these channels by 3.8% to $195.1 billion, erasing gains made in 2022, per a report from Winterberry Group. Offline media's drop in 2023 came after increases in the couple of years prior, in so doing bucking the 4-year comp...
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