Friday, October 24, 2008

Spend this amount, get elected?

Obama’s ad spending in top tier
Posted: 02:32 PM ET

(CNN) — Presidential candidates are sold in much the same way a new product is: with an expensive, flashy, and ubiquitous television campaign.

And according to advertising figures provided by Campaign Media Analysis Group, CNN’s consultant on ad spending, Barack Obama’s campaign has spent more money selling its candidate on television than most major brand name companies do selling their products.

The Illinois senator’s campaign is projected to have spent $250 million on ads in the past four months — a number that is equivalent to $750 million in a full year. Only AT&T, with a yearly advertising budget of about $1.3 billion, and Verizon, which shells out $950 million a year on ads, spends more than the Democratic presidential nominee. Most major companies spend far less, including McDonald’s ($588 million), Sprint PCS ($482 million) and T-Mobile ($404 million).

John McCain is projected to have spent about $110 million since the general election began.

–From CNN’s Alexander Mooney

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