The entire advertising and media universe knew the first quarter was brutal; now the Nielsen Co. has crunched the numbers to prove it.
Overall U.S. advertising expenditures fell 12 percent to $27.9 billion in Q1, compared to the first three months of 2008, according to Nielsen.
Not surprisingly, three of the worst ad performers came from the beleaguered newspaper business. Local Sunday supplements lead all decliners with a drop of 37.7 percent ($12.1 million), followed by business-to-business magazines (-29.9 percent, to $633.2 million), national newspapers (-27.7 percent, to $286.5 million) and national Sunday supplements (-25.9 percent, to $211.7 million).
While representing a relatively tiny subset of the media landscape, Spanish-language cable TV showed the smallest decline overall, dropping 1.1 percent to $63.9 million.
Annie Toliatos, vp of sales development at Monitor-Plus, Nielsen’s tracking service, said: “These-first quarter results will hardly come as a surprise to an advertising industry that’s struggling just like many other areas of the American economy.”
Nielsen said TV remains the dominant medium for advertisers, accounting for two-thirds of all ad dollars. Network TV was the largest media category with $5.76 billion in ad expenditures in the first quarter, but it declined 4.8 percent. Among the major TV categories, cable showed the least churn, dipping 2.7 percent to $3.93 billion.
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