The top US advertisers cut their ad spending last year for only the fourth time since 1956. Ad Age's Data Center Analysis shows that the top 100 advertisers, as a group, spent 2.7% less on ads than the previous year. This year, not surprisingly, looks worse:
The overall picture for this year is shaping up to be more grim:
Measured media spending for the top 100 advertisers tumbled 8.1% in the
first quarter, according to TNS.
Moreover, Publicis Groupe's ZenithOptimedia forecasts an 8.7%
decline in U.S. media spending in 2009 and 1.7% drop next year, with a
tepid recovery -- 1.1% growth -- in 2011. It predicts U.S. spending
declines of 5.1% in 2009 and 1.4% in 2010 and then growth of 2.4% in
2011 when it combines media spending and unmeasured disciplines.
Last year's ad-spending drop may seem relatively mild. But
full-year figures smooth out the stunning declines that came after
financial markets imploded last fall.
Brad Johnson, Ad Age's director of data analytics explains the report here:
You can read the full Ad Age report here.
Posted
06-23-2009 8:09 AM
by
Graham Griffith