Business
2:06 pm
Fri September 21, 2012

Tobacco Companies Spend Less on Advertising

The latest federal data shows the nation's top tobacco companies have reduced spending on advertising and promotion of cigarettes and smokeless tobacco products in recent years. Figures from the Federal Trade Commission show cigarette marketing declined more than five percent to $8.05 billion from 2009 to 2010, the latest year for which figures are available.

Money spent on marketing smokeless tobacco products decreased nearly ten percent that year to $444.2 million.

Smokeless tobacco promotion had reached an all-time high of $547.9 million in 2008.