By John Eggerton -- Broadcasting & Cable, 12/14/2008 5:00:00 PM MT
TV ad spending for the first nine months of 2008 was up 2.1%, due to Olympic and political spending. That is compared to a 1.7% drop in ad spending for other media in that period and a 2% drop in the third quarter, according to TNS Media Intelligence.
Syndication led in percent gains, up 9%, followed by cable, up 3.7%, and network TV, up 3%. Spot TV was down 2.6% despite political spending. Not surprisingly, TNS predicts further overall weakening of the ad market in the fourth quarter.
Fox Business Network begins broadcasting from its new high-tech Studio G, overlooking Manhattan from the 3rd floor of News Corp. headquarters, on April 20. B&C got an early peek at the new space.
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