Wednesday, August 5, 2020
National TV Advertising Fell 9% in June
National TV advertising in June declined 9% to $3.2 billion -- a much smaller decline than the two previous months, according to Standard Media Index.
In April, in the thick of the COVID-19 pandemic downturn, there was a massive loss of 28%, followed by a 19% decline in May. Overall, the second quarter witnessed a 19% decline in the March to June period.
Mediapost reports the primary reason for the decline in June was the lack of sports TV content, which led to a 60% drop in ad spending. During this month, there were no NBA Finals, NHL’s Stanley Cup Finals and or regular-season Major League Baseball games.
Sports that did make a comeback in the month of June included PGA golf, soccer, NASCAR, and horse racing, including the Belmont Stakes.
On the plus side, the company there was 2% higher advertising spending in TV news content, due to high interest in the COVID-19 pandemic and economic downturn.
Looking company-wide, Walt Disney (with the NBA Finals delayed) sank 36% in national TV revenues for the month. Fox was 17% lower, and NBCUniversal lost 10%.
Since the beginning of the pandemic in March, major media companies have been hit hard overall, with declines of 20% and higher. In the second quarter, Disney was down 31%, while WarnerMedia declined 26%. ViacomCBS was 22% lower, while NBCUniversal lost 21%. Networks that had smaller losses included Discovery with 15%; Univision at 8%; Fox with 5%; and A+E at 3%.
The biggest individual network loser was ABC, due to the loss of the NBA Finals -- down 51%. Fox lost 39%, while NBC lost 11%. CBS saw an increase of 12%, and was first in advertising revenue for June.
The biggest individual network gainers included CNN, up 86% and Fox News, 55% higher. Fox ranked seventh among all TV networks in national advertising revenues.
Posted 2:07:00 AM