BIA Advisory Services forecasts another big political advertising season for 2020 -- with $6.55 billion spent on local political ads, a year that includes the big presidential race.
Most of the money will go to local TV stations -- $3.08 billion, for a 47% share. Local digital/online advertising will land $1.37 billion (21% share), while local ads through pay TV providers -- cable, satellite or telco -- will get $919 million (14%); and radio, $312 million (4.8%). The balance will go to other media.
BIA says the three biggest markets will be Los Angeles ($368 million), Phoenix ($280 million) and Philadelphia ($259 million), with local TV getting the lion’s share in each market.
In June, Kantar Media predicted the 2019-2020 federal political advertising season would see $6 billion: broadcast, $3.2 billion; digital media, $1.2 billion; cable $1.2 billion; and radio, $400 million. Kantar’s estimates include spending only on ads sponsored by federal candidates or campaigns, not PACs.
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PQ Media forecasts 2020 total political advertising to hit $8.33 billion. It estimated political advertising to total $6.75 billion in 2018.
For the midterm 2018 elections, Kantar reports that $5.25 billion was spent on advertising in local broadcast, local cable and local digital media -- 17% higher than in 2016.
Actually, if I read these predictions right, "TV" will receive 61% of the spending as ads sold by cable systems, satellite distributors, etc, are also TV commercials.
Focusing on how these local ads are bought from an efficiency standpoint should be paramount. Automation and software is now available to assist.