The banking industry increased ad buys during televised sports events by 36% in 2008, despite an overall 10% cut on all TV buys, according to an analysis by The Nielsen Company.
Banks spent $122 million – or 18.7% of all its TV ad dollars – on sports event programming in 2008. In 2007, the banking industry spent $90 million on sports broadcasts, or 12.5% of the industry’s total TV ad expenditures
“In today’s market, the banking industry is wise to target its ads to sports audiences,” said Tom Ziangas, SVP for Nielsen Sports. “Not …