{"id":995724,"date":"2021-11-10T19:14:06","date_gmt":"2021-11-11T00:14:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=995724"},"modified":"2021-11-10T19:14:09","modified_gmt":"2021-11-11T00:14:09","slug":"supply-chain-crisis-brings-pain-to-tv-networks-companies-slash-ad-spending","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/supply-chain-crisis-brings-pain-to-tv-networks-companies-slash-ad-spending\/","title":{"rendered":"Supply Chain Crisis Brings Pain to TV Networks \u2014 Companies Slash Ad Spending"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsupply-chain-crisis-brings-pain-to-tv-networks-companies-slash-ad-spending%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=995724&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/GettyImages-1277853766-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">Media giants are now feeling the negative effects of the supply chain crisis as it continues to wreak havoc on the U.S. economy, forcing advertisers to cut spending on TV commercials.<\/p>\n<p>Advertisers including&nbsp;Hershey\u2019s and Kimberly-Clark have reduced ad spending ahead of the Christmas season as demand continues to outstrip supply, according to a <a href=\"https:\/\/www.wsj.com\/articles\/supply-chain-crisis-has-companies-asking-should-we-still-advertise-11635599386?mod=hp_lista_pos2\">report<\/a> from the <em>Wall Street Journal<\/em>. Overall, TV commercials are expected to be down 1 percent from a year ago and down 7 percent from the fourth quarter of 2019, according to a report from&nbsp;MoffettNathanson as <a href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/supply-chain-issues-tv-advertising-1235045168\/\">reported<\/a> by <em>The Hollywood Reporter<\/em>.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The advertising sectors hit hardest include automotive, consumer technology, retail, and restaurants, according to MoffettNathanson. These sectors collectively accounted for&nbsp;30 percent of 2019 ad spending.&nbsp;An executive at a top 10 national advertiser told <em>The Reporter<\/em>&nbsp;that they have cut back their TV ad spending \u201csignificantly\u201d for the remainder of 2021, except for sports.<\/p>\n<p>Among the media companies reportedly feeling the effects of the decline in advertising include Discovery, Fox, and ViacomCBS. By contrast, NBCUniversal is defying the downward trend due to ad spending tied to the Summer and Winter Olympic Games.<\/p>\n<p>As Breitbart News <a href=\"https:\/\/www.breitbart.com\/economy\/2021\/10\/12\/report-supply-chain-crisis-will-damage-u-s-economy-until-2023\/\">reported<\/a>, supply chain problems are expected to persist through next year and into 2023. The crisis has become a major embarrassment for the Biden administration as shipping containers continue to pile up at ports on the east and west coasts.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>The crisis has led to empty shelves in stores across the country, compelling American consumers to stock up on basic necessities. Compounding the economic woes, inflation <a href=\"https:\/\/www.breitbart.com\/economy\/2021\/11\/10\/consumer-prices-soar-6-2\/\">continues to surge<\/a>, with October seeing the&nbsp;highest annual rate since 1990.<\/p>\n<p>Moody\u2019s chief economist <a href=\"https:\/\/www.breitbart.com\/clips\/2021\/11\/04\/moodys-chief-economist-supply-chain-issues-inflation-probably-wont-be-resolved-until-this-time-next-year\/\">said<\/a> fixing the problems in the supply chain and moderating inflation \u201cis going to be a bit of a process. It probably won\u2019t be until this time next year.\u201d<\/p>\n<p>Some have sought to spin the crisis as a sign that President Biden\u2019s policies are working.<\/p>\n<p>\u201cThat\u2019s a good thing,\u201d&nbsp;National Economic Council&nbsp;Director Brian Deese <a href=\"https:\/\/www.breitbart.com\/clips\/2021\/11\/09\/national-economic-council-head-many-supply-chain-issues-reflect-that-americans-are-able-to-buy-goods-again-and-thats-a-good-thing\/\">told<\/a> PBS\u2019 Newshour this week. \u201cIt reflects the fact that Americans are out there and able to buy goods again.\u201d<\/p>\n<p><em><strong>Follow David Ng on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/HeyItsDavidNg\" target=\"_blank\" rel=\"noopener external\">@HeyItsDavidNg<\/a>. Have a tip? Contact me at&nbsp;<a class=\"c-link x5l\" href=\"mailto:dng@breitbart.com\" target=\"_blank\" rel=\"noopener external\">dng@breitbart.com<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media giants are now feeling the negative effects of the supply chain crisis as it continues to wreak havoc on the U.S. economy, forcing advertisers to cut spending on TV &#8230;<\/p>\n","protected":false},"author":22,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-995724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/995724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=995724"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/995724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=995724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=995724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=995724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}