Peter Kafka

Recent Posts by Peter Kafka

More Optimism for Big Media and Big Ad Budgets

Things looked positively awful a year ago in medialand. So when prognosticators say things are improving, it’s important to remember that it’s all relative.

Still, if you’re among those who, say, make their living working for an ad-supported media outlet, it sure is nice to see this sort of thing: Barclays analyst Anthony DiClemente jacking up his 2010 U.S. ad market estimates from no growth to a 3.5 percent bump.

That’s a reflection of an “incrementally buoyant picture,” DiClemente says in perfect Wall Street deadpan. Why the muted optimism? “We believe corporate America must and will return to market its products and services.”

Interestingly, DiClemente sees the largest increase coming not from Web advertising, but traditional TV ads, pushed up in part because of the Winter Olympics and next fall’s election season. Last week’s Supreme Court decision didn’t hurt either.

That helps explain why DiClemente has also raised his price targets for Viacom (VIA) and News Corp. (NWS) (which owns this Web site). Click on the table below to see a full breakdown of his predictions:


Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”