I disagree with Paul R's "bottom line" comment. There are multiple cases where C89 is advantageous for portability.
Targeting embedded systems, which may or may not have compilers supporting C99:
https://groups.google.com/forum/#!topic/comp.arch.embedded/WNvhw3T_9pI%5B1-25%5D
Targeting the TinyCC compiler, as might be required in a restricted environment where installing a gigantic toolchain is either impractical or not allowed. (TCC is no longer being developed, and Bellard's last statement as to ISOC99 support was that it was "heading towards" full compliance.)
Supporting dynamic compilation via libtcc (see above).
Targeting MSVC, as others have noted.
For source-compatibility with projects that may be required by their company to use the C89 standard. This is especially relevant if you're writing an open source library, and want to maximize its application in some industry.
As cegfault noted, some of the C99 features as listed on Wikipedia can be very useful, but none I would consider indispensable if your priority is portability, or any of the above reasons apply.
It appears Microsoft hasn't budged on C99 compliance. SimonRev from Beijer Electronics commented on a related MSDN thread in November 2016:
In broad strokes, the only parts of the C99 compiler that were
implemented are those parts that they needed to keep the C++ compiler
up to date.
Microsoft has done basically nothing to the C compiler since VC6, and
they haven't made much secret that C++ is their vision of the future
of native code, not C.
In conclusion, if you want portability for embedded or restricted systems, dynamic compilation, MSVC, or compatibility with proprietary source code, I would say C89 is advantageous.