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Pepsi Not Advertising in Super Bowl Next Year

Pepsi will not advertise its drinks in next year's Super Bowl, ending a 23-year run so the company can focus on a new marketing effort that will appear mostly online.

AP

Pepsi beverages have been advertised in the Super Bowl since 1987. Frito-Lay, a unit of parent company PepsiCo , will still advertise.

The company wouldn't say how much it spent last year on Super Bowl ads, but it bought several minutes of commercials.

The Feb. 7 NFL championship game will be televised on CBS.

The nation's second-biggest soft drink maker is plowing marketing dollars into its "Pepsi Refresh Project" starting next month as its main vehicle for Pepsi. The project will pay at least $20 million for projects people create to "refresh" communities.