Can you imagine a future without paper? As it turns out, few can. Despite advancing technology and talk of a paperless society, paper still plays a role in our imagined future. Perhaps that’s because paper is one of only a few truly sustainable products — it’s renewable, recyclable and can be managed sustainably. In the United States and Canada, Domtar has been a leader in advancing the circular economy of paper products by recycling and using wood waste to create renewable energy, and by promoting the recyclability of paper-based products and packaging, which will allow us to continue making products sustainably well into the future. Pop culture points to the continued presence of paper in our daily lives for decades to come, with paper-based products seen in unexpected places on screens of all sizes.
U.S. advertising revenues in August took an expected hit — down 7% for the month.
That’s due, in large part, to unfavorable comparisons to high TV media spending from the Summer Olympics in August 2016.
Standard Media Index says overall TV advertising spending for the month was down 25%, with broadcast TV networks sinking 54% and local TV station national spot advertising down 35%.
Cable TV networks and U.S. syndication fared much better — just losing 1% and 2% in the month. Local cable advertising grew 9%.
All the while digital media continued to grow — up 12% in the month. Social media was up 26%; search advertising, gaining 17%; and internet radio, 36% higher. One of the big losers — in part from the Olympics performance of a year ago — was TV network-associated digital advertising, down 20%.
Like TV, other traditional media during the month endured losses. Magazines were down 12%; newspapers dipped 5%; radio dropped 5%; and out of home fell 4%.
Looking at the calendar year to date (January through August), SMI reports U.S. advertising is still up 2.4% versus a year ago.
Digital media is up 11%; national TV is down 4%; radio lost 5%; out of home slipped 1%. Magazines were off 13%, and newspapers saw a steep drop of 18%.
SMI research comes from major U.S. media agency billing systems, representing about 70% of all U.S. agency spending.