Report: Media Congloms See Advertisers Tune Out TV

Bloomberg: Advertisers may be leaving TV for good. Television-advertising sales in the U.S. fell 7.8 percent to $61.8 billion last year, the steepest drop outside of a recession in at least 20 years, while sales at cable networks slumped for the first time in almost a decade. And there’s no sign of a pickup in 2018, according to Magna Global.