Nothing Ever Happens

Shrinking ad budgets and a weakened economic outlook will take a dramatic toll on all sectors of the media business in 2008 and 2009 — including the fast-growing digital sector, according to a series of revised ad forecasts released Tuesday.

Goldman Sachs projected that weak local and national ad markets will create a scenario in 2009 similar to the downturn experienced in 2001 — the steepest on record. The firm projected that broadcast networks will suffer a 5% decline in ad revenues, excluding ad dollars tied to the Olympics. It also projects that ad revenues at TV stations, excluding political spending, will fall 7% and that ad spending on radio, outdoor, magazines and newspapers will fall between 5% and 10%. Cable networks are expected to fare slightly better, facing a 1% decline.

More: WSJ

In case you missed them, here are my favorite content from Noovo from September:

Treasure Island Festival 2008 (gorgeous pics)

Aliens Attack San Francisco (video)

Can America Invent Its Way Back? (article)

Diesel Invitation to Worlwide party on October, 11. (SFW xxx video)

You Are All Individuals! (video)

6 Key Brainwashing Techniques (article)

Stop Making Sense Foundation (group)

What is Freedom? (quote)

How to Tell The Truth? (quote)

Motivation: Inch by Inch (Al Pacino video)

Lucha Libre (group)

Here’s the new address of my blog: http://www.noovo.com/u/nabergoj Open to all.

It’s on Noovo, a content-sharing and discovery platform- log in. I love it.