Not a banner ad year for politics
Presidential candidates are expected to spend almost $5.5 billion on political ads by election day, with less than 1 percent of that going to online ads. But Stacey Vanek-Smith reports Web ads are still seen as significant.
Democratic presidential candidates Senator Hillary Clinton and Senator Barack Obama (Win McNamee/Getty Images)
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Doug Krizner: We've heard a lot this year about presidential hopefuls fundraising online. But it comes to spending these political dollars, the candidates are going offline. Stacey Vanek-Smith reports.
Political Ad Montage: I'm John McCain and I approve this message . . . I'm Barack Obama and I approve this message . . . I'm Hillary Clinton and I approve this message.
Stacey Vanek-Smith: All told, candidates are expected to spend almost $5.5 billion on political ads by election day. About 90 percent of that will go to TV and mailings. Less than 1 percent will go to online ads.
Richard Kosinski is Yahoo's VP of political ad sales. He addressed that imbalance at a recent conference.
Richard Kosinski: In political campaigning, the old guard and the ways of old still reign supreme.
Still, the campaign has advanced the way candidates use the Internet, says Kate Kaye with ClickZ news.
Kate Kaye: It's definitely a significant year just in terms of them recognizing the potential impact of having a Facebook page, or of having a MySpace page. We're seeing them pay a lot closer attention to the Web.
Kaye also points out that $55 million is a sizeable amount -- especially for online ads, which tend to be much cheaper than those on TV.
I'm Stacey Vanek-Smith for Marketplace.
