Online Ad Declines Bottoming Out; Media Stocks Poised To Rise
While this past week’s h109 numbers from the Interactive Advertising Bureau served as a reminder of how bad the first six months of this year were, there were a number of positive signs that the second half will at least look a little better. In its reading of the IAB numbers, eMarketer analyst David Hallerman believes that despite ad dollars’ continued fall, the market is bottoming out. The researcher expects h209’s ad decline to be less than the first half’s 5.3 percent drop.
SEE ALSO: Borrell: Local Online Ad Growth Peaking At 12 Percent In ‘09
Meanwhile, UBS analyst Michael Morris, citing consensus reports, says that revenue at the top 100 U.S. ad spenders will rise 3.0 percent in 2010, translating into higher stock prices for Viacom (NYSE: VIA), Time Warner (NYSE: TWX), Disney (NYSE: DIS) and CBS (NYSE: CBS), Mediapost reports.
Morris highlights the zeal with which the big ad spenders cut back over the past year. While revenues at the top 100 advertisers fell 6 percent, these companies collectively cut their ad spend by 13 percent. With the signs of some sort of recovery, Morris is confident those spenders to return to “pre-downturn” habits and loosen the purse strings during the holiday season.
Posted In: Advertising, Research & Metrics, Research

YouTube Music Videos
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: