One thing that’s occurred to me recently is that car companies seem to make up a wildly disproportionate share of the ads I see on television. But who knows — my TV viewing, like everyone else’s, is pretty idiosyncratic. But James Fallows summarizes a talk from Robert Paterson:
As one solution is tried it drives another problem. We all pull back and the consumer economy stalls. The auto industry and credit firms feeds the media (40% of conventional advertising). Papers and TV and Radio networks, many subject to LBO’s will have to fail as per the Tribune.
Yikes — 40 percent for autos and financial services combined.