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Political spending. combined with an increase from traditional
advertisers helped fuel spending for the first six months of the
year. The automotive category saw the largest dollar increase, as
major automotive companies, such as DaimlerChrysler and Nissan Motor,
continue to boost the ad economy.
First half advertising spending for the top 10 companies topped
$8 billion, up 11.3 per cent on the same period last year. Nearly
every advertiser experienced growth, with two of the four automotive
companies, DaimlerChrysler (+55.9 per cent) and Nissan Motor (+21.3
per cent), showing the greatest increases in advertising expenditures.
Nielsen Monitor-Plus MD Jeff King said, Advertising spending
remains strong in 2004. The second half of the year will be fueled
by two major events, the Summer Olympics and the presidential campaign.
President Bush and senator Kerry have already placed a substantial
amount of advertising on spot television in key battleground markets.
In addition, independent interest groups supporting Kerry contributed
a significant amount of ad support for the candidate.
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