MoffettNathanson Research estimates overall TV advertising will climb 4.8% next year -- with local TV stations the big gainer, up 10% in revenue in 2016 versus a 4.5% decline in 2015. Local cable will also grow to high levels -- 7.4% versus 6.0% for 2015. Political advertising and Olympics will be major contributing factors.
The big four broadcast networks will rise 6% in 2016 after a year of mostly down periods, averaging an estimated 4% pullback for the full-year 2015.
National cable networks will remain consistent -- albeit with lower gains. MoffettNathanson expects those channels will see a 1.2% gain in 2016 -- up from a 1% estimated hike in 2015 and a 1% actual rise in 2014.
For the most recent three-month period, national TV networks performed a bit better than expected -- up 1% to $8.3 billion against an estimated 0.7% decline. Strong scatter market sales marked the difference.
Overall, there has been a 6.4% decline for the first nine months of 2015 for TV networks and a 2.6% overall for TV -- which includes broadcast and cable networks, local TV stations and local cable.
Among the broadcast networks, ABC led in improvement -- 5% higher during the period to $753 million. NBC (including its TV stations) was 2.8% higher at $1.19 billion, while CBS was basically flat at 0.1% to $788 million and Fox sank nearly 7% to $409 million.
Cable network groups were led by AMC Networks -- up a big 40% to $193 million. Scripps Networks Interactive added on 5.2% to $448 million; Discovery Communications was up 4% to $404 million; and Fox cable networks also gained 4% to $520 million. Viacom was on the other end of the spectrum -- down 7.5% to $1.0 billion.