Advertising expenditures rose 7.1% to $34.5 billion in the
third quarter, boosted by the Summer Olympics, according to Kantar Media.
With the London Games airing on NBC, network TV expenditures
rose 29.9%. Kantar estimates that the Olympics generated about $1 billion in
incremental spending for the sector.
Spot TV jumped 19.8% in the quarter thanks to what Kantar
called a flood of political money in an election year.
Spanish-language TV was up 17.8% and syndication grew 9.3%,
showing strong growth in the packaged goods, insurance and restaurant
Cable TV, usually a bigger gainer, grew just 2.9% as money
got diverted to the Olympics in the quarter.
In the third quarter, total TV spending rose 15.3%. For the
first three quarters of 2012, TV is up 9.1% from 2011.
"Political campaigns and the Summer Olympics delivered their
expected bonanza in the third quarter, adding roughly $1.8 billion of
incremental spending to the marketplace," Jon Swallen, chief research officer
at Kantar Media North America, said in a statement. "Looking beyond these
special events and focusing on indicators of core health, our data show that
more than 60 percent of the Top 1000 advertisers increased their budgets
year-over-year. This proportion has been stable for several quarters and
indicates marketers are holding the course."
The television industry's top news stories, analysis and blogs of the day.