*You digital-native kids, you whippersnappers wouldn't know anything about that.
*Incredible social transformation here. American TV going broke because nobody buys TV ads any more. It goes without saying that nobody watches them, but nobody *buys* them. It's like watching the Cold War ending.
(...)
The top-25 advertising categories for local broadcast television reflected the general decline in Q2: All but one - Legal Services - spent less than in the same quarter a year ago.
Changes in the the top-10 categories:
#1 Automotive was down 54.5%
#2 Communications/Telecommunications was down 7.9%
#3 Restaurants was down 16.2%
#4 Travel, Hotels & Resorts was down 14.7%
#5 Car & Truck Dealers was down 43.2%
#6 Furniture Stores was down 23.1%
#7 Insurance was down 19.0%
#8 Legal Services (the only category in the top 25 to post a gain) was up 1.6%
#9 Schools, Colleges & Camps was down 7.3%
#10 Government & Organizations was down 7.5%
Among local broadcast TV’s top 25 individual advertisers, four posted increases, Verizon and Time Warner Cable were the only two in the top 10:
#1 Verizon Communications was up 3.5%
#2 Honda Motor Co Ltd. was down 16.5%
#3 Comcast Corp. was down 11.3%
#4 AT&T was down 33.2%
#5 Ford Motor Co. Dealers Association was down 43.8%
#6 Toyota Motor Corp Dealers Association was down 50.2%
#7 General Mills was down 6.1%
#8 McDonalds was down 11.7%
#9 Time Warner Cable was up 32.3%
#10 Chrysler Group LLC was down 73.8%
Though the floundering economy is likely responsible for much of the decline in broadcast TV ad spend this year, significant shifts are poised to take place in the TV market overall, including a preference for time-shifting and TV viewing on alternative devices.
Watching TV on an actual TV set is still preferred by most of the TV-watching audience and Nielsen reported that amount of TV watched is still growing, but other research from The Conference Board found that one in four US households watches online TV, and a separate study by Knowledge Networks found that two-thirds of Americans now use portable, video-enabled gadgets....
