eMarketer forecasts a decline of 4.2% in US television ad spending in 2009. Similarly, Myers Publishing predicts ad spending for TV will decline by 4.0% next year. Barclays Capital has the gloomiest outlook, estimating TV advertising expenditures will drop 7.8% in 2009.
Industry forecasters have continued to lower ad spending projections across the board for all US media due to the ongoing slump in the US ad market. In 2009, the double trouble of the poor economy and no Olympic or major political expenditures will only drag down spending further and bring the overall forecast into negative territory.
Traditional media is also reeling from the shift to more online media consumption, according to Carol Krol, senior analyst at eMarketer. "The shift in consumer usage toward digital media will continue to erode TV's share," she said.
Internet's take is comparatively small, according to Myers Publishing (10.6%), but it will continue to enjoy robust year-over-year growth through 2010.
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