"In the 1970s and 1980s, advertising revenues grew faster than the overall economy. Corporate profits began to plunge in the early 1990s and with the dive in profits came a decrease in advertising spending (Woods 1995). In 1991, network ad spending fell more than 7 percent from 1990 figures {Television Bureau of Advertising, in Woods 1995). Newspaper ad spending dropped by the same amount during the same period (Newspaper Advertising Bureau, in Woods 1995), and magazine ad budgets fell 5 percent {Landier, Konrad, Schiller, and Therrien 1991, 67). The advertising industry almost exclusively underwrites mass media in the United States. Newspapers obtain 75 to 80 percent of their revenue from advertisers, general circulation magazines about half (Jhally 1990). All revenue for broadcasts such as television and radio programming come from advertising. Clearly, advertising is the economic lifeblood of the media (Kilbourne 1989). Digital advertising is the new kid on the block. It began in 1998 and includes the Internet and smart phones."
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Original Language: English
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Sources
Cortese, A. J. (2008). "Provocateur: Images of women and minorities in advertising (3rd ed.)", Oxford, UK: Rowman & Littlefield, p.4.
https://en.wikiquote.org/wiki/Advertising
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