Total advertising expenditures in the first half of 2007 slipped by 0.3 percent to $72.59 billion versus the same period in 2006, according to data released by TNS Media Intelligence. "For the first time since 2001, media advertising expenditures have declined for two consecutive quarters," said Steven Fredericks, president and CEO of TNS Media Intelligence. "While the protracted downturn in automotive spending has been a prime contributor, the overall results reflect weakness across a wide range of industries and advertisers. Given the uncertainties about near-term economic growth and consumer spending, we expect core ad spending will continue to face challenges during the second half of the year." Internet display advertising maintained its growth leadership position, registering a 17.7 percent increase to $5.52 billion in expenditures. Consumer magazines posted a 6.9 percent gain to $11.50 billion in advertising. Outdoor expenditures were up 3.6 percent to $1.90 ...
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