Currently browsing posts about: FTC (Federal Trade Commission)

Margo Wootan from Center for Science in the Public Interest and Lori Dorfman from the Berkeley Media Studies Group send the latest request from the Federal Trade Commission (FTC). The FTC is asking food companies to say how much money they spend on marketing to kids and for a bunch of other information. And now here is the list of companies that have to provide that information. What is so interesting about this list is that it is not only aimed at Kraft, PepsiCo, and other such makers of junk foods but also at Boskovich, Grimmway, and other vegetable companies that put SpongeBob SquarePants and other such cartoon characters on their product labels. It will be interesting to see how much money goes into marketing carrots as compared to breakfast cereals or junky snack foods. Stay tuned.

Despite the efforts of the Federal Trade Commission (FTC) to block purchase of Wild Oats stores by Whole Foods on anti-trust grounds, a federal judge is allowing the merger to go through. As reported in today’s New York Times, Whole Foods believes that it needs the purchase to keep the company competitive. If Whole Foods’ competitiveness seems distasteful and inappropriate to its stated mission (as reportedly documented in FTC filings and reports of its CEO’s sometimes covert bloggings) , consider that it is a publicly traded company. Like all such companies, its primary responsibility it to stockholders and that means that it not only must make profits, but must grow and report growth to Wall Street every 90 days, or else. Shares of Whole Foods stocks rose yesterday by $3.33 so Wall Street thinks it’s doing something right. And you?

The Federal Trade Commission (FTC), the agency that regulates food advertising, has just ordered a large group of food companies that make junk foods targeted to children to reveal how much money they are spending on advertising each of their products in general and to children, minorities, and other target groups. The FTC wants specific information about expenditures on marketing through traditional as well as modern kid-friendly channels: TV, radio, and print media, but also company-sponsored and other Internet sites, movie theaters, video games, in-store promotions, premium distributions, product placements, character licensing, sports sponsorships, word-of-mouth and “viral” campaigns, in-school, celebrity endorsements, and philanthropy, among others.

This is an astonishing action by the FTC, an agency that usually promotes food marketing and protects companies’ rights to do so. The last time the FTC tried to do something about the marketing of junk foods to kids–just on television–was in 1979. Then, Congress intervened, fired the head of the FTC, and passed a law allowing such marketing to continue. Well, times have changed in the intervening decades. Even little kids are now overweight and developing type 2 diabetes, reason enough to try to address the problem. At the end of 2005, the Institute of Medicine’s committee examining food marketing to kids complained that companies would not give it “proprietary” information about advertising expenditures or sales. So let’s give the FTC lots of credit for demanding this information and for considering how to put some curbs on the unchecked greed of companies pushing junk foods to kids.