Confirming steady U.S. advertising projection growth trends, October’s national advertising market posted strong results -- up 7% over the same period a year ago, according to
Standard Media Index.
These gains were largely due to the digital media category, which increased 17%. Another strong platform -- linear TV -- was flat versus the same revenues a year
ago. Radio gained 7% for the month, while out-of-home was up 10% and print advertising was steeply down 27%.
Breaking down the national TV category, broadcast networks dropped 7% in media spend, with cable networks
5% higher.
Upfront deals placed in the month grew 2% and scatter fell 4%.
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SMI says the decline in broadcast was largely attributable to advertising revenue from fewer NFL games --
totaling 27 versus 31 the year before. In the two-month period from September to October, NFL revenue dropped 19% versus the same two months in 2017, with the average thirty-second commercial unit
pricing sinking 6%.
Broadcast networks witnessed gains in other areas. Original prime-time programming was up 3% in revenue, and the average thirty-second unit pricing gained 6%.Against some double-digit viewing percentage declines -- according to some Nielsen data -- broadcast networks saw their overall thirty-second unit average pricing rise 5% over the same month a year
ago. There was 6% less makegood inventory offered to marketers in the month.
Cable TV news channels remained strong -- a significant factor in cable’s strong overall results. Six cable news networks -- Fox News
Channel, CNN, MSNBC, CNBC, HLN and Fox Business -- grew a combined 14%. Among all cable news networks, MSNBC was the top performer -- up 30%.
The biggest advertising category
across all media platforms -- automotive -- was down 1%, while telecommunications was off 2%; prescription drugs, up 14%; insurance, up 1%; and quick-serve restaurants, 12% higher.
Looking at
the major TV categories, automotive was down 9%, while entertainment lost 7%; prescription drugs were up 1%; insurance was up 9%; and quick-serve restaurants were down 3%.
SMI's data comes
from five of the seven major media agency groups, gleaned from raw invoices, with actual dollar amounts spent on each ad buy. These agencies make up 70% of the national TV market. SMI models out the
remaining 30% using occurrence data.