Television Ad Revenue Down 41% in April: SMI

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Television ad spending was down 40.9% to $1.4 billion as the COVID-19 pandemic throttled business, particularly sports, according to research company Standard Media Index.

SMI said that local advertising was most affected. Spot TV dropped 58.8% to $101.2 million and local cable plunged 75.5% to $22.3 million.

National broadcast TV was down 37.5% to $425.4 million and national cable fell 39% to $656.9 million.

Digital advertising was less affected, with total digital advertising down 22.5$ to $1.4 billion and digital video down 22.9% to $278.9 million

Sports was a big factor in the April numbers as the NBA and NHL stopped playing, Major League Baseball never started and the NCAA Men’s Basketball Tournament was cancelled.

Sports programming ad revenue was down 72.1% to $93.7 million, compared to non-sports programming, which was down 30.2% to $1.14 billion.

Jon Lafayette
Jon Lafayette

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.