Broadcasters, ad folks desperate for a better audience-measuring mousetrap

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It took a while, but the broadcast media community is starting to realize that Nielsen Media may not have the answers to all their audience-related questions.

So, 14 of the largest players in the space -- including programmers, advertisers, and ad buyers -- are shelling out some cash to see if there's a better way. The group claims it isn't looking for an alternative to Nielsen ... but let's do the math on this one. If they aren't looking for some new choices, then just what the hell are they doing?

Among the participants in the hunt for a new audience measurement system are CBS (NYSE: CBS), Disney (NYSE: DIS), GE's (NYSE: GE) NBC Universal, News Corp. (NASDAQ: NWS), ad giant Omnicon (NYSE: OMC), and TimeWarner (NYSE: TWX).

The light at the end of the tunnel, presuming they don't need a road map to find it, is a solution suited to an age of digital video recorders, online video, and handheld devices that can do far more than the first television I was allowed to have in my bedroom.

The need is palpable: CBS is the only major broadcaster to see an up-tick in its audience in the season ending last May. Overall, it looks like people aren't watching as much television -- a conclusion supported by ad sales. The Television Bureau of Advertising puts the year-over-year plunge at 12.8% and landing at $9.6 billion for the second quarter of 2009.

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Last updated: February 10, 2010: 04:23 AM

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