CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Upfront TV ad sales fall behind
Advance sales for the season that begins in September are wrapping up below last year's tally, according to a report.

NEW YORK (CNNMoney.com) -- Television advertising executives are biting their nails this year as advance ad sales fall short of last year's tally, according to a report Wednesday.

The consensus among buyers and sellers is that ABC, CBS, Fox, NBC and the new CW and My Network TV will end up booking nearly $8.9 billion in the frenzied "upfront" period, which typically accounts for about 75 percent of total prime-time ad sales, USA Today reported.

That's down about 3.4 percent from last year, the paper said, citing Morgan Stanley's assessment of the 2005-06 market.

"Buyers are in control," John Moore, group media director of MediaHub, told the paper. "The competitive landscape is much, much different" from previous years.

"For some product categories, like travel and automotive, these aren't the best of times," Brad Adgate, research director at Horizon Media, told the paper. "Unfortunately, sometimes if the dollars aren't there, one of the first things they cut is marketing."

Advertisers also find it easier to resist steep network deals as the number of alternative ad venues increases, particularly on the Internet.

This year, the popularity of digital video recorders also had advertisers seriously questioning the value of network ads. Nearly 16 percent of all homes are expected to have DVRs by the end of the year, which allow viewers to fast-forward past commercials, the paper said.

Networks even tried to sweeten deals this year by offering tie-ins with their online arms or product placements in the TV shows themselves.

"The networks have more pressure than ever," Chris Allen, associate director of national broadcast at ad agency GSD&M, told the paper. "They want to show good numbers to Wall Street. They have a revenue picture they want to meet. That makes things difficult."

---------------------

Related: Cable stealing network TV's ad thunder.

Out with the old media... Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.