NewsDude
07-30-2008, 03:30 PM
The nation's largest food and beverage companies spent about $1.6 billion in 2006 marketing their products -- especially carbonated drinks -- to children, according to a Federal Trade Commission report.
The report, to be released Tuesday, stems from lawmakers' concern about growing obesity rates in children. It gives researchers new insight into how much companies are spending to attract youth to their products, and what venues the companies are using for their marketing. To come up with its estimate, the FTC used confidential financial data that it required the companies to turn over. An executive summary of the report was obtained by The Associated Press.
Overall, the spending was less than some previous estimates had indicated. Still, it represents a large *** of money that is being used to entice children to foods that are often unhealthy choices, said Sen. Tom Harkin, D-Iowa, who had sought the study.
"This study confirms what I have been saying for years. Industry needs to step up to the plate and use their innovation and creativity to market healthy foods to our kids," Harkin said. "That $1.6 billion could be used to attract our kids to healthy snacks, tasty cereals, fruits and vegetables."
The commission studied spending directed at children ages 2-17. Spending on soda marketing came to $492 million, with the vast majority of that spending directed toward adolescents. Restaurants reported spending close to $294 million, which was divided about evenly between children and adolescents. For cereals, companies spent about $237 million with the vast majority of that amount targeted to children under age 12.
The 44 companies reviewed spread their marketing across all segments of the media, the commission found. Television ads provide a theme that usually carried over to packaging and displays in stores, and to the Internet where entry of a code on the package...
More... (http://www.toptechnews.com/story.xhtml?story_id=61017)
The report, to be released Tuesday, stems from lawmakers' concern about growing obesity rates in children. It gives researchers new insight into how much companies are spending to attract youth to their products, and what venues the companies are using for their marketing. To come up with its estimate, the FTC used confidential financial data that it required the companies to turn over. An executive summary of the report was obtained by The Associated Press.
Overall, the spending was less than some previous estimates had indicated. Still, it represents a large *** of money that is being used to entice children to foods that are often unhealthy choices, said Sen. Tom Harkin, D-Iowa, who had sought the study.
"This study confirms what I have been saying for years. Industry needs to step up to the plate and use their innovation and creativity to market healthy foods to our kids," Harkin said. "That $1.6 billion could be used to attract our kids to healthy snacks, tasty cereals, fruits and vegetables."
The commission studied spending directed at children ages 2-17. Spending on soda marketing came to $492 million, with the vast majority of that spending directed toward adolescents. Restaurants reported spending close to $294 million, which was divided about evenly between children and adolescents. For cereals, companies spent about $237 million with the vast majority of that amount targeted to children under age 12.
The 44 companies reviewed spread their marketing across all segments of the media, the commission found. Television ads provide a theme that usually carried over to packaging and displays in stores, and to the Internet where entry of a code on the package...
More... (http://www.toptechnews.com/story.xhtml?story_id=61017)