Fed-Up Advertisers Stop Paying More for Declining TV Audiences
Cable networks headed for first drop in ad sales since 2010
In the coming weeks, TV networks will host glitzy events in New York to convince advertisers to spend more money on the latest dramas and reality shows. Many ad buyers, however, say they’re tired of paying ever-higher prices to reach ever-fewer viewers.
Thanks to competition from so many new forms of entertainment -- Netflix, Facebook, Snapchat -- audiences for traditional TV networks, from ESPN to MTV, are declining. In the current TV season, the four major broadcasters have lost 8 percent of their audience. Because of the slumping ratings, advertisers who want to reach a certain amount of eyeballs can’t get what they need from television anymore. -- More...
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