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2009 U.S. ad spending and rank. Click plus signs to explore database. Click each division name to see brands, agencies and people.
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Berkshire Hathaway
U.S. advertising spending $1,153.6 million
29U.S. AD SPENDING ($ in thousands) By media 2009 2008 % chg Magazine $127,364 $122,664 3.8 Sunday magazine 421 12,142 -96.5 B-to-B magazine 3,699 5,253 -29.6 Local magazine 192 233 -17.4 Spanish-language magazine 343 1,395 -75.4 Newspaper 11,003 13,098 -16.0 National newspaper 8,790 8,352 5.2 Spanish-language newspaper 44 100 -55.5 Network TV 131,800 94,586 39.3 Spot TV 88,905 130,471 -31.9 Syndicated TV 52,982 48,854 8.5 Cable TV networks 225,084 209,411 7.5 Spanish-language network TV 4,090 10,913 -62.5 Network radio 21,641 13,000 66.5 National spot radio 41,034 65,977 -37.8 Local radio 46,144 56,892 -18.9 Outdoor 31,513 29,030 8.6 Internet (display only) 12,465 14,906 -16.4 Measured media 807,512 837,275 -3.6 Unmeasured spending 346,077 348,812 -0.8 Total 1,153,589 1,186,086 -2.7 Media spending by megabrand 2009 2008 % chg Geico 612,490 618,704 -1.0 Dairy Queen 65,011 67,557 -3.8 Fruit of the Loom 26,867 42,695 -37.1 Benjamin Moore 12,663 10,987 15.2 SALES & EARNINGS ($ in millions) Berkshire Hathaway (NYSE: BRK.B) Worldwide 2009 2008 % chg Sales $112,493 $107,786 4.4 Earnings 8,055 4,994 61.3 Geographic sales 2009 2008 % chg Worldwide 112,493 107,786 4.4 Division sales 2009 2008 % chg McLane Co. 31,207 29,852 4.5 Insurance Group 31,107 30,284 2.7 Other businesses 21,380 25,666 -16.7 MidAmerican 11,443 13,971 -18.1 Marmon 5,067 5,529 -8.4 Finance & Financial products 4,587 4,947 -7.3 Shaw Industries 4,011 5,052 -20.6 Reconsiliation 1,688 -7,515 NA
Sources: Measured media from Kantar Media. Unmeasured spending estimates from Ad Age DataCenter. Sales and earnings from public documents. See methodology.
Headquarters
Berkshire Hathaway/3555 Farnam Street, Ste. 1440, Omaha, Neb. 68131/Phone: (402) 346-1400.
Website
http://www.berkshirehathaway.com
Fast facts
Berkshire Hathaway is a conglomerate assembled by renowned investor Warren Buffett.
Berkshire's biggest sources of revenue in 2009 were insurance (led by Geico) and McLane Co., a grocery and food-service distribution company.
Consumer-brand businesses include Shaw Industries (carpet); Benjamin Moore (paint); H.H. Brown Shoe Group, Fruit of the Loom, Russell, Vanity Fair, Garan and Justin Brands (apparel); Ben Bridge Jeweler, Borsheims, Helzberg Diamond Shops, Jordan’s Furniture, Nebraska Furniture Mart, See's, Star Furniture and R.C. Willey (retail); and International Dairy Queen (fast food).
Buffett in October 2010 hired Todd Combs, a little-known hedge fund manager from Connecticut, to help run the company's investment portfolio, making Combs the leading candidate to succeed Buffett as the firm's chief investment officer at whatever point Buffett steps down. At the time of Combs' hiring, Combs was age 39 and Buffett was age 80.
Berkshire in November 2009 agreed to buy Burlington Northern Sante Fe Corp., a railroad based in Fort Worth, Texas, in a deal valued at $44 billion (including $10 billion of the railroad's outstanding debt). BNSF was Berkshire's largest-ever acquisition. The deal closed on Feb. 12, 2010. Berkshire said in its 10-K for the year ended December 2009: "Berkshire’s operating businesses are managed on an unusually decentralized basis. There are essentially no centralized or integrated business functions (such as sales, marketing, purchasing, legal or human resources) and there is minimal involvement by Berkshire’s corporate headquarters in the day-to-day business activities of the operating businesses. Berkshire’s corporate office management participates in and is ultimately responsible for significant capital allocation decisions, investment activities and the selection of the chief executive to head each of the operating businesses."
Berkshire in March 2008 paid $4.5 billion for a 60% interest in the Pritzker family's Marmon Holdings, an industrial group that operated 130 manufacturing and service businesses across 11 diverse business sectors. Berkshire raised its stake in second-quarter 2008 to 63.6%. Under the terms of the purchase agreement, Berkshire will buy the remaining minority interests in Marmon between 2011 and 2014 for a price to be based on earnings of Marmon.
Mars, the candy and food company, in October 2008 bought Wm. Wrigley Jr. Co., the gum marketer, for $23 billion. Mars received financial backing from Berkshire Hathaway. Berkshire's investment consisted of $4.4 billion of subordinated Wrigley notes due in 2018 and $2.1 billion of preferred Wrigley stock. (Berkshire also owns chocolate retailer and direct-marketer See's.)
Amid the fall 2008 global financial crisis, Berkshire made a $5 billion investment in Goldman Sachs Group on Oct. 1, 2008, and a $3 billion investment in General Electric Co. on Oct. 16, 2008.
Berkshire in April 2007 bought VF Corp.'s women's intimate apparel (Vanity Fair, Lily of France, Vassarette, Bestform, Curvation and licensed Ilusion brands) for $350 million cash.
In August 2006, Berkshire bought Russell Corp., a marketer of athletic apparel and sporting goods, for about $600 million.
The company in February 2006 bought Business Wire, a distributor of press releases and regulatory filings.
In August 2005, Berkshire bought Forest River, a manufacturer of recreational vehicles and trailers. One of Forest River's motor home models pays homage to the owner; it's called the Berkshire.
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Abbott Laboratories
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Allstate Corp.
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American Express Co.
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Anheuser-Busch InBev
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Apollo Group (University of Phoenix)
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Apple
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AstraZeneca
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AT&T
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Bank of America Corp.
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Bayer
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Best Buy Co.
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Boehringer Ingelheim
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Bristol-Myers Squibb Co.
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Burger King Holdings
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Campbell Soup Co.
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Capital One Financial Corp.
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Chrysler Group
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Citigroup
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Clorox Co.
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Coca-Cola Co.
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Colgate-Palmolive Co.
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Comcast Corp.
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ConAgra Foods
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Daimler
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Dell
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Deutsche Telekom
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Diageo
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DirecTV
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Dish Network Corp.
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Doctor's Associates (Subway)
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Dr Pepper Snapple Group
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eBay
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Eli Lilly & Co.
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Estée Lauder Cos.
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Ford Motor Co.
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Fortune Brands
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Fry's Electronics
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Gap Inc.
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General Electric Co.
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General Mills
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General Motors Co.
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GlaxoSmithKline
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Hershey Co.
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Hewlett-Packard Co.
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Home Depot
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Honda Motor Co.
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Hyundai Motor Co.
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IBM Corp.
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J.C. Penney Co.
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Johnson & Johnson
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JPMorgan Chase & Co.
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Kellogg Co.
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Kohl's Corp.
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Kraft Foods
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Kroger Co.
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L'Oréal
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Limited Brands
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Lowe's Cos.
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LVMH Moet Hennessy Louis Vuitton
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Macy's
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Mars Inc.
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MasterCard
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Mattel
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McDonald's Corp.
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Merck & Co.
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Microsoft Corp.
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Nestlé
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News Corp.
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Nike
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Nissan Motor Co.
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Novartis
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PepsiCo
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Pfizer
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Procter & Gamble Co.
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Progressive Corp.
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Qwest Communications International
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Reckitt Benckiser
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SABMiller (MillerCoors)
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Safeway
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Sanofi-Aventis
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SC Johnson
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Sears Holdings Corp.
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Sony Corp.
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Sprint Nextel Corp.
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State Farm Mutual Auto Insurance Co.
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Target Corp.
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Time Warner
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Toyota Motor Corp.
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U.S. Government
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Unilever
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Verizon Communications
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Viacom
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Visa
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Volkswagen
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Walmart Stores
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Walt Disney Co.
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Wells Fargo & Co.
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Wendy's/Arby's Group
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Yum Brands
Advertising Age's DataCenter updated Marketer Trees 2010 in November and December 2010 as an online database application detailing ad spending, brands, agency assignments and executives for the nation's top 100 advertisers.
Collection of data on brands, agency assignments and executives was coordinated by Research Editor Keri Lynch.
To find rankings of marketers by medium, selected market share data and other industry analysis, see the 100 Leading National Advertisers 2010 report. For more on how this list was compiled, see Methodology.
For more information on agencies, see Agency Report 2010. and Agency Family Trees 2010.
Send your ideas to improve the Marketer Trees. Update us on agency assignments and executives. Report database errors. E-mail: DataCenter@AdAge.com
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