TV ad spending in the U.S. fell 5% during the fourth quarter, according to new data from Standard Media Index.
SMI says that overall media spending in the U.S. continues to show improvement, led by 26% fourth-quarter growth in digital spending.
Overall U.S. ad spending rose 6% in the fourth quarter. That follows a big 30% drop in the second quarter, when the economy was hurt by the early fallout from the Coronavirus outbreak. The spending decline slowed to 3% in the third quarter.
Ad spending has increased for five consecutive months starting in August. Spending was up 11% in November and 5% in December.
The growth in digital ad spending boosted it to a 53% share of spending, up 6%, overtaking traditional media. TV’s share fell 3% to 45%.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
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