U.S. ad spending continues decline
From Times Wire Services
U.S. advertising spending is seen as “challenged” for the rest of the year after falling 0.3% in the first half to $72.6 billion, TNS Media Intelligence said.
It was the first time U.S. advertising spending has fallen for two consecutive quarters since 2001, TNS said.
TV ad spending dragged the market, falling 2.4% to $31.6 billion. Newspaper spending fell 5.8% to $12.9 billion. Radio spending fell 2.7% to $5.1 billion.
The declines offset gains from Internet display ad spending, which rose 17.7% to $5.52 billion.
