Thursday, February 19, 2009
  • Outdoor Ad Group Stays Home, Cancels Annual Meeting Citing Economy

    The Outdoor Advertising Association of America has canceled its annual national convention in May. The trade organization said the decision was prompted by members focusing on ways to weather the worst economic downturn in decades. The cancellation is ominous; out-of-home advertising was one of the few "traditional" media to prosper in recent years. ...Read the whole story

  • Black Eye At Black Rock, CBS Sees Red Ink

    CBS witnessed massive advertising declines among its television, radio and outdoor in the fourth quarter, which contributed to a 52% drop in net profits and a slashing of its quarterly dividend. One plus: rising interactive revenues. ...Read the whole story

  • Nielsen: More Prepared For DTV Switch

    Had the digital transition not been delayed, Nielsen figures suggest that more than 5 million U.S. homes would have lost all TV reception Tuesday morning. ...Read the whole story

  • Profits Plummet At Comcast, Cable Nets Provide Some Traction

    Comcast Corp.--the largest cable television operator in the U.S.--witnessed overall profits falling in the fourth quarter, with one bright area coming from its cable networks. ...Read the whole story

  • Oscar Ads: The Envelope, Please

    In another sign that Oscar revenues could be significantly lower for ABC at large this year, the network's station group was floating a proposal this week offering buyers a package at a sizable discount. The proposed deal includes 35 spots on Oscar night to run across nine of the local stations ABC owns that collectively reach some 21% of the country, sources said. ...Read the whole story

  • AP Threat: 5 NY/NJ Newspapers Share Content

    Five big regional daily newspapers in New York and New Jersey, including The New York Daily News, have formed a content-sharing club, the Northeast Consortium, that allows them to borrow stories, photos, and graphics from each other. The group represents another threat to the Associated Press. ...Read the whole story

  • Denny's Super Bowl Ad Value: 'Incredible'

    After its Super Bowl ad promoting a free breakfast created demand on Main Street, Denny's top executive Nelson Marchioli tried Wednesday to serve up interest on Wall Street. The CEO told investors that Denny's has had "a very encouraging lift in guest traffic" since the gimmick, but stopped short of predicting long-term results. ...Read the whole story