Bracing for the recession, out-of-home media companies are making adjustments in the hopes that the business will survive the turbulence, if not come out ahead. While out-of-home has held up better than most other media through the first half of the year—posting modest, single-digit growth—the third quarter was a different story.
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Posterscope USA and McClain Finlon Advertising were the two big winners of the Outdoor Advertising Association of America's 9th Annual Out of Home Media Plan Awards. The awards were presented Thursday (Sept. 25) during the OAAA STAR Showcase in New York City.
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For the first time, the TV industry has daily electronic measures of TV viewing outside the home. On Monday (Sept. 2), The Nielsen Co. and its partner, Integrated Media Measurement Inc. debuted the first ratings results from the new syndicated service and announced two charter clients, ESPN and Zenith Media.
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Clear Channel Media Holdings, the new parent company formed by private equity to manage Clear Channel Communications, reported Monday (Aug. 11) its second-quarter revenue increased 2 percent to $1.83 billion.
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With spending on out-of-home media poised to all but double by 2011, networks are eager to get a better handle on the relative effectiveness of television advertising when it’s viewed outside the confines of the family room.
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