Spectacular drop in media advertising as audiences keep growing
The media estimate that they will suffer from a 40 to 50% drop in advertising investment in Catalonia and Spain while the coronavirus-led confinement and crisis last. The coronavirus pandemic crisis is putting the media in a very difficult situation. Advertising budgets are collapsing globally, with audiences and internet connections reaching record levels. Audiences are larger than ever, but this does not translate into monetization for advertising companies. The latest eMarketer forecasts, for example, already target advertising investments, will continue to decline. The consulting...