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NEW YORK As the financial crisis unfolded in dramatic fashion last month, credit card companies and advertisers in other finance-related categories sharply curtailed their TV advertising, according to Nielsen Monitor-Plus.
Most of the top credit advertisers, including Capital One, Discover, Synovus, Washington Mutual and Visa, reduced their TV ad spending during the first three weeks of September, per Nielsen.
As a group, credit card companies scaled back their TV ads by almost 24 percent during that period, per Nielsen
Other financial service categories are also off sharply during the same time frame, including mortgage services (-50 percent), mutual funds (-29 percent) and loan companies (-7 percent).
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