BIA Estimates Local Broadcast TV Ad Revenues to Top $23.8 Billion in 2024, Bolstered by Political and Increased Auto and Legal Ad Spending
BIA CEO Addresses Television’s Share of the Local Advertising Marketplace for Key Ad Spending Verticals…
CHANTILLY, Va. (May 9, 2016) – BIA/Kelsey, advisor to companies in the local media industry, forecasts U.S. local television station over-the-air (OTA) advertising revenues to reach $20.8 billion in 2016, up 12.1 percent from 2015. Online local TV station ad revenues will grow to just over $1billion in 2016, up 13.3 percent over last year.
This follows a down year for local TV OTA revenues in 2015, which dipped 7.2 percent compared with 2014.
“Perhaps no local media is enjoying this year’s protracted presidential primaries and the expected large number of Senate and gubernatorial races more than local television stations,” said Mark Fratrik, senior vice president and chief economist, BIA/Kelsey. “The election and the economy, driven by stronger employment figures and continuing low interest rates, are helping push local TV ad revenues above expectations this year.”
Revenue performance by local TV stations across the U.S. was generally consistent, with all regions set to rebound from a challenging 2015:
A comprehensive profile of all 210 television markets (plus Puerto Rico) and television market projections through 20120 are available in the first-quarter edition of Investing In Television® Market Report and the 2016 Investing In Television® Ownership Report, published by BIA/Kelsey. These reports can be purchased in print form or as a digital book.
For more information on all of BIA/Kelsey’s Investing In publications, visit http://www.biakelsey.com/pubs. The Investing In Television Market Report, first-quarter edition, can be purchased online or by calling (800) 331-5086 or emailing email@example.com.
BIA/Kelsey defines, organizes and analyzes the multibillion-dollar Local Commerce Universe (LCU) for media, technology companies, brands and agencies competing in today’s multiplatform, interactive local media and marketing arena. LCU, the firm’s proprietary vision for tracking the evolving local marketplace, provides an effective framework for delivering meaningful data-driven analysis, consulting and valuation services, competitive intelligence and state-of-the-industry conferences. Learn more about BIA/Kelsey at http://www.biakelsey.com.
For more information contact: