Monday, July 27, 2009
No True Winner in TV Upfront: Both Nets, Buyers Give Ground
Sellers 'Go Negative,' While Major Marketers Yield on Big Drops in CPMs
NEW YORK (AdAge.com) -- Welcome to the unhappiest upfront market in recent memory: No one involved seems to be walking away with exactly what they want.
Earlier this summer, marketers indicated they'd stay on the sidelines until they achieved significant double-digit declines in CPM rates (the cost of reaching 1,000 viewers). Instead, they're settling for givebacks in the range of 1% to 3% -- maybe a little more, according to media executives.
CLICK HERE for the article at AdAge.com
Posted by MITCH TV at 10:48 AM