By Susan Burke
According to recently released reports, the Television Bureau of Advertising is predicting an increase in advertising revenue for 2010, as a result of the upcoming Winter Olympics in Vancouver and the U.S. mid-term elections, both of which are expected to lead to an influx of dollars into the TV ad market.
Additionally, Disney’s CFO, Tom Staggs, announced that they have started to see improvements in ad sales for local markets, as well as among automotive manufacturers on the national stage. Recently, General Motors ventured back into the advertising market with an ad featuring their new chairman, Edward E. Whitacre, Jr. The ad offers customers a full refund (within 60 days of purchase) if they are not happy with their new GM vehicle:
New TV shows, such as The CW’s The Vampire Diaries (yes, I watched it), the network’s biggest series debut to date, are still drawing in viewers during their regularly scheduled time slots, potentially indicating that some ads are surviving the much discussed DVR blitz.
Does all of this point to a recovery? It’s too soon to tell, but it’s certainly better news than what we’ve been hearing for the past few months.