• November 20, 2018

More Than $3 Billion Spent on Local Broadcast Television Advertising During 2018 Midterms - Odessa American: Business

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More Than $3 Billion Spent on Local Broadcast Television Advertising During 2018 Midterms

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Posted: Wednesday, November 7, 2018 3:59 pm | Updated: 4:20 pm, Wed Nov 7, 2018.

NEW YORK--(BUSINESS WIRE)--Nov 7, 2018--The Television Bureau of Advertising (TVB) announces that total spending on political advertisements on local broadcast television in 2018 has set an all-time record for a midterm cycle, and any previous election cycle, based upon Kantar Media/CMAG’s latest figures.

“Campaigns, PACs and other entities spent over $3 billion dollars on local broadcast television advertising in the 2018 midterm cycle,” commented TVB President & CEO, Steve Lanzano. “There is no doubt that local broadcast TV delivers for political campaigns. Candidates continue to derive tangible, winning results from local broadcast television. Tuesday’s dominant reliance on TV, over all other media platforms, demonstrates that voters rely on local broadcast TV to inform their voting decisions.”

“2018 was uncertain in every way; the volatility this cycle was unprecedented,” said Kyle Roberts, President and CEO of Advertising Analytics. “It’s why we saw candidates and campaigns go back to what is tried and true: if you use TV, it reaches voters and they listen. TV works.”

Advertising Analytics reports local broadcast TV increased more than 100 percent from the 2014 cycle. Advertising Analytics also reports that three out of four dollars spent on traditional media went to local broadcast television.

“It’s true that local broadcast TV carried the day for all candidates,” added Roberts.

“Kantar and Advertising Analytics’ numbers prove what we already know and what our members have shared with us: voters trust local television and turn to their local, vetted news programming to make important voting decisions,” continued Lanzano.

Spending was up across the board, as heavy voter involvement and interest resulted in extensive efforts to reach and motivate voters.

This election cycle demonstrates that when it comes to political advertising, campaigns look for what influences voters most. Kantar Media/CMAG General Manager Steve Passwaiter noted, “The numbers speak for themselves. TV remains at the forefront of ad choices for political decision makers.”

While final numbers are yet to be confirmed, Kantar reports that political campaigns, PACs and other entities spent at least $3.01 billion on local broadcast television ads. Key races included:

$115,537,020 spent in the Florida Senate race$63,452,900 spent in the Missouri Senate race$55,050,980 spent in the Nevada Senate race$47,927,190 spent in the Arizona Senate race$37,537,750 spent in the Tennessee Senate race

In 2018, campaigns needed to tap into intense voter interest, looking to increase turnout. In this environment, local broadcast television’s established presence provided an edge. Voters trust their local TV stations, with 80 percent of respondents to an American Conversation Study, commissioned by TVB and conducted by Engagement Labs, reporting that they trust local broadcast TV news and 75 percent stating that they trust news from local TV websites. In 2018’s hyper-charged environment, this trust matters.

It’s clear that television was the choice for political decision makers in 2018.

“Trust and influence drive the power of local broadcast TV advertising to deliver,” said TVB’s Steve Lanzano. “Candidates and campaigns turned to local television to reach voters. This year’s spending and results prove they were right.”

About TVB:

TVB is the not-for-profit trade association representing America’s $21 billion local broadcast television industry. Its members include over 800 individual television stations, television broadcast groups, advertising sales reps, syndicators, international broadcasters and associate members.

About We Get Voters:

We Get Voters is a campaign created by the Television Bureau of Advertising (TVB) to promote local broadcast TV’s voter influence and political impact.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005956/en/

CONTACT: The Herald Group

Liam Sullivan

202-617-3082

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO COMMUNICATIONS ADVERTISING MARKETING

SOURCE: Television Bureau of Advertising (TVB)

Copyright Business Wire 2018.

PUB: 11/07/2018 04:59 PM/DISC: 11/07/2018 04:59 PM

http://www.businesswire.com/news/home/20181107005956/en

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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