Telemundo Media says it finished making upfront deals just
before the Fourth of July holiday and racked up record sales.
Dan Lovinger, executive VP sales & integrated marketing
at Telemundo says volume was up close to 20% while prices rose by high-single
Overall, Lovinger estimated that the Hispanic TV upfront
market rose by between 3% and 5%.
Because Telemundo had increased its share of TV viewing, it
figured it would be getting a bigger share of ad dollars in this upfront versus
Univision, which has long dominated the market.
"We thought going in that there would be a pretty
significant share shift from Univision [Communications] to Telemundo and mun2,
and that's in fact what we believe we saw," Lovinger said.
"Everywhere we did business, we were pretty well assured
that the share shift was on and that people had recognized the growth in our
audience and they were rewarding us for it," he said.
A Univision spokesperson was checking on the status of
upfront sales at the leading Spanish-language network.
Telemundo increased its business with current
Spanish-language advertisers and also added on $25 million to $35 million in
new business from advertisers that hadn't done business with Telemundo before.
"The new business is always an important part of growing the
overall market," Lovinger said. "When you look at the number of advertisers in
Spanish television versus English television, there's certainly room to grow."
Lovinger said that nearly every category posted increased
spending, with big gains coming in auto, packaged goods, telecom and retail.
He also said Telemundo was seeing demand in daytime, where
its ratings are rising and it will be adding new original-content shows to the
lineup. "Advertisers recognized the value of investment Comcast has made in
this channel," he said.
MundoFox, the new network from News Corp. and RCN of
Columbia, has signed on a number of charter sponsors, but Lovinger says it
wasn't a big factor in this year's upfront market.
"They're getting a little bit of business done. It makes
sense for a lot of people to lay a small base," he said. "I think they're doing
all the right things to get people excited about a new service that still has
to prove itself."
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.