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.
Today, Islam is the fastest growing religion on earth with the Muslim population estimated to reach two billion by 2010. The global Halal food market is estimated to be worth $632 billion a year.. A new study by JWT points out that the six million or so Muslims in America are, on average, richer and better educated than the general population. Two-thirds of Muslim households make more than $50,000 a year and a quarter earn over $100,000; the national average is $42,000. Two-thirds of American Muslims have a college degree, compared with less than half of the general population. Muslim families also tend to have more children. With these stats, businesses should indeed be tapping at this growing market segment.