Shrinking ad dollars. I guess that 100milllion in ad dollars for the Oscars that I read this morning is a myth
I don't work in the Industry, but all the Industry trade rags have been stating overall broadcast advertising has been dwindling over the years. Obviously, advertisers have other cable choices, and online advertising has been increasing around 20% a year for more well over a decade. Digital ads account for 22% of all U.S. advertising spending. People want free broadcast TV, but that model only works (i.e., lease spectrum, built huge public broadcast infrastructures, comply with endless FCC regulations, etc.) when all the free programming is sponsored by advertisers. I'm not sure what the future holds, but the broadcasters need to make a profit in order to pay the bills and investors.