First Quarter Ad Gains Led by Sports
Advertising expenditures rose 2.6% to $32.9 billion in the
first quarter, according to Kantar Media.
Spending on sports programming powered gains on cable TV,
which was up 7.4%, and network, up 7%, according to Kantar. The big ticket
items were the NFL postseason games and the NCAA Men's basketball tournament.
(There was more of March Madness in this year's first quarter than a year ago,
when it spilled into April.)
Syndication TV budgets were up 15.7% and spot TV rose 2.5%,
benefitting from gains in political advertising.
Spanish-language TV was up 20.7%.
"After a sluggish start in January, the pace of measured ad
spending quickly accelerated and grew at an average rate of more than four
percent during February and March, the best performance in more than a year,"
Jon Swallen, chief research officer at Kantar Media North America, said in a
statement. "Early figures from the second quarter indicate continued modest
growth with improvement trickling down to media that have been lagging the
overall advertising market."
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.