Television advertising spending rose 13% in March, compared to March 2020, the first month impacted by the COVID-19 pandemic, according to Standard Media Index.
The March increase is the first in more than a year, other than the slight 1% gain in March, SMI said.
The jump in March still leaves spending down 6% from the March 2019 level, but SMI noted that the data represents a “very positive trend” for TV as upfront season approaches.
Overall ad spending was up 22% in March. A year ago spending dropped 13% as businesses closed because of COVID. Spending was up 6.3% compared to March 2019.
SMI said that digital advertising is leading the market’s overall growth and was up 27% in March.
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.