Thursday, October 26, 2017
U-S Ad Market Flattens In Q3
Third-quarter media spend was up 0.6% and and September was 1% higher, and for the first nine months of 2017, the U.S. advertising market gained 2.3% over the same period a year ago, says Standard Media Index (SMI).
Digital media continues to be the main positive driver -- gaining 11% in the third quarter and 5% in September. Traditional TV was down 1% for September, and off 11% for the entire third quarter -- largely due to unfavorable comparisons to 2016, when NBC’s Rio Summer Olympics aired.
Only two TV segments showed growth in September -- local TV advertising 14% higher, and national syndication adding 4%.National broadcast was down 5%; national cable networks were off 2%; and local cable sank 12%.
Cable networks saw automotive advertising spending dip 5% lower, while entertainment advertisers in cable were down a massive 275%; and telecommunications were off 11%. Gaining categories include quick-service restaurants were up 7%; beauty marketers were 4% higher; and travel/tourism was 47% more.
Accofrding to MediaPost, virtually all other traditional media was down as well for the month: Magazines lost 16%, newspapers were off 12%, and radio slipped 3%. Only out-of-home media had a uptick, adding 9%.
Posted 3:16:00 AM