Some marketers, however, appear to be bucking the downturn, and maybe using recessionary cutbacks of rivals as an opportunity to increase share. Verizon's spending was up 3.1%, for example, while Johnson & Johnson jumped 28.9%, and Spring soared 30.3% during the quarter.
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Jon Swallen, senior vice president-research at TNS MI, said Johnson & Johnson's spending growth was all "organic," and reflects "higher spending across a broad spectrum of their OTC remedy and health and beauty aid brands."
The top 10 advertising categories, meanwhile, was down largely due to cutbacks in automotive spending during the first quarter, falling 13.6% vs. the first quarter of 2008. "The aggregate drop was skewed by the reduction in auto category expenditures, which nose-dived 28.4 percent to $2,309.0 million. Auto manufacturer spending was off 15.2 percent and dealer advertising was down a stunning 48.9 percent, paralleling a 38 percent decline in new vehicle sales during the period," TNS MI said.
Rank | Company | Jan-Mar 2009 (Millions) | Jan-Mar 2008 (Millions) | % Change |
1 | Procter & Gamble Co | $674.1 | $820.0 | -17.8% |
2 | Verizon Communications Inc | $577.1 | $559.8 | 3.1% |
3 | AT&T Inc | $459.4 | $465.1 | -1.2% |
4 | General Motors Corp | $424.2 | $524.6 | -19.1% |
5 | Johnson & Johnson | $397.2 | $308.2 | 28.9% |
6 | News Corp | $341.2 | $404.6 | -15.7% |
7 | Sprint Nextel Corp | $317.7 | $243.7 | 30.3% |
8 | Walt Disney Co | $303.7 | $337.0 | -9.9% |
9 | Time Warner Inc | $263.4 | $348.5 | -24.4% |
10 | General Electric Co | $261.4 | $251.0 | 4.1% |
| Total | $4,019.5 | $4,262.6 | -5.7% |
Funny now this quote from the outgoing Mr. Lafley at the end of Jan 2009 as published in Media Post:
CEO A.G. Lafley said marketing outlays have remained at their traditional levels, and P&G is looking to take advantage of the turmoil in the ad market to build share of voice.
Great strategy that the TNS #'s now show J&J embraced and P&G took a pass.