Source:
Agence France-Presse WASHINGTON - On Sunday when Americans settle down in front of their televisions to watch American football's Super Bowl, many will be hoping to put their worries about the fumbling US economy on hold. But it's going to be hard.
The reminders are everywhere, including on the screen in the form of the Super Bowl ads, which rival the game for entertainment value. Although companies have stumped up a record three million dollars for 30-second Super Bowl ad slots, the ads reflect the woes of the US economy.
Gone are American car manufacturers like General Motors, Ford and Chrysler; in are Japanese and German cars, like Honda, Toyota and Audi. Federal Express will not be running an ad this year, and have said "specifically that it's an economic issue," said David Shoffner, a spokesman for Pavone, the advertising company that since 2004 has hosted the Spotbowl.com website on which Super Bowl-watchers can vote for their favorite ad.
Cost-cutting measures, including a 20 percent salary cut for Federal Express chief executive officer Frederick Smith and a hiring freeze, have been put into effect at the shipping company which is struggling with what Smith has called "some of the worst economic conditions in our 35-year operating history." Taking out a three-million-dollar ad would not have sat well with those measures, even if the commercials reach a huge audience.
"The way a lot of companies justify paying three-million dollars for an ad is by saying -- look at the numbers. The viewership of the game compared to the investment is relatively low compared to other advertising opportunities," said Shoffner. "Take the Oscars: you pay less for the Oscars but you're actually paying more per viewer than during the Super Bowl," he said.
Read more:
http://www.abs-cbnnews.com/sports/01/31/09/super-bowl-ads-reflect-tough-times-us