The real reason why war is bad, mmkay

Written by James Russell
Published March 20, 2003

Why war really sucks: big companies are going to lose their TV ads.

Broadcasters were still hedging their bets Wednesday evening about just how much advertising might be lost as the networks go into war news overdrive, but the financial reality was becoming increasingly apparent to investors.
Assuming the first two to three days of the war will see 100 percent of programming preempted by coverage with the subsequent four days ceding around 50 percent of airtime to commercial-free programming, Disney, Fox and AOL Time Warner could lose up to $200 million in total revenues from reduced advertising and travel-related businesses, investment bank Goldman Sachs estimates.
Using the cost of Gulf War and post-9/11 coverage as a comparison, calculations by Goldman Sachs analyst Anthony Noto put the all-in cost impact of continuous network TV war coverage at anywhere from $5 million to $20 million per day, depending on the company.

Yes, fuck the cost of human suffering that war will almost certainly bring, obviously the cost of lost advertising is a far greater concern. Let's all feel sorry for the poor media conglomerates, give them a patronising clap on the back and say "AWWWW!"

Keep reading for information and comments on this article, and add some feedback of your own!
The real reason why war is bad, mmkay
Published: March 20, 2003
Type:
Section: Video
Filed Under: Video: News, Video: Television
Writer: James Russell
James Russell's BC Writer page
James Russell's personal site
Spread the Word
Like this article?
Email this
Submit to del.icio.us Save to del.icio.us
RSS Feeds
All RSS Feeds (240+)
Comments on this article
BC articles by James Russell
Video: News
Video: Television
All Video Articles
All BC articles
All BC Comments

Comments

#1 — March 20, 2003 @ 14:09PM — Ed [URL]

Hell, I think they should do less war coverage. No one will admit it but it's boring! I'll wait for the movie. Maybe product placement in the Gulf War II movie will help alleviate some of the pain of these companies.

#2 — March 20, 2003 @ 14:25PM — Jim Carruthers [URL]

Screw product placement on teevee, we need product placement on blogs. Like right now, I'm alleviating a persistent itch with Goldbond(tm) lotion, and I couldn't be more relieved. While I'm listening to (your act here) and having some good ... erm, damn, this innernet thing seems to be broke.

#3 — March 25, 2003 @ 02:13AM — donna

this is a stupid site and its almost useless.

#4 — March 25, 2003 @ 02:16AM — James Russell [URL]

Well fuck off then...

Want comments emailed to you? No spam, promise! Address:

Add your comment, speak your mind

(Or ping: http://blogcritics.org/mt/tb/3948)

Personal attacks are not allowed. Please read our comment policy.





Remember Name/URL?

Please preview your comment!

Fresh
Articles
Fresh
Comments