Obama Raises $600 Mil, But TV Doesn't Profit

  • October 29, 2008
Democrat Barack Obama has raised a record $600 million in fund-raising, but according to Bloomberg.com, it isn't turning into an ad bonanza for stations. Blame a lack of competitive Senate races, the sluggish economy and John McCain's acceptance of campaign spending limits. Stations that projected bigger gains in a political year have been surprised and disappointed. Campaign spending on local TV will fall to $984.3 million from 2004's $1.05 billion, per Borrell Associates.

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