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NBTA Predicts Cost Cutting Measures To Continue Into 2009 as a Result of Economic Slowdown

Article from: Targeted News Service Article date: November 11, 2008

The National Business Travel Association issued the following news release:

The National Business Travel Association (NBTA) (http://www.nbta.org/NBTA/Templates/www.nbta.org) today released its 2009 Business Travel Overview & Cost Forecast predicting increases in business travel costs and slower than usual travel industry growth. According to the study, travel managers project an increase of 5 to 8 percent for business travel costs in the coming year. Additionally, as shifting market forces equalize with new levels of supply and demand for travel services, the number of business trips will ...

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Fox Ponies Up as Ad Picture Clouds

Posted Oct 23, 08 6:19 PM CDT in Politics Arts & Living Business 

Fox Ponies Up as Ad Picture Clouds
Source: AP Photo

(Newser) – With the election season winding down and the economy slumping, Fox News could have trouble paying the heavy hitters it's signed and re-signed to multimillion-dollar contracts, the New York Times reports. Experts agree that advertising, a big chunk of Fox’s budget, will fall off after the amazing expenditures during viewer-magnet election coverage. Whether the outcome of the vote will matter is another question entirely.

“The electorate has been electrified by this campaign,” one analyst said. “Interest is going to carry over into the subsequent governance.” And a Democratic win, throwing conservative Fox into a minority position, could be a boon. “The Fox style of aggressive commentary works best in opposition,” another expert said. Fox has also renegotiated fees with cable providers, almost quadrupling them in some cases, which could mean good news for Papa Bear.

Source: New York Times
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