Monterey, California (PRWEB) November 01, 2012
According to SNL Kagan’s most recent projections, this year’s TV station political advertising revenue is expected to increase to $2.6 billion, a 68% increase over the 2008 total of $1.6 billion. The swing states, including Ohio, Pennsylvania and Florida, predictably have emerged as the political battleground for 2012 presidential election spending. Republican presidential candidate Mitt Romney's campaign has outspent President Barack Obama in TV and radio advertising in these states, with well over half a billion dollars already spent with local broadcasters. As the election approaches, political revenue projections will be put to the test as the presidential candidates compete in local markets to close the gap on much-needed electoral votes.
SNL Kagan estimates that 80% of political revenues were generated in the second half of each of the last three election years, with roughly 60% of the total coming in during the fourth quarter alone. If this holds true this year, the top 10 publicly held TV broadcast affiliate groups will see a 57.5% average increase in political revenue over 2008. Total political revenue for these groups would be $625.3 million, a 41.9% increase from $440.5 million in 2008.
An analysis of the these TV station owners in the second quarter by SNL Kagan shows that Journal Communications Inc. should see the highest growth vs. 2008, while E.W. Scripps Co. could realize the second-highest percentage growth in political revenues. Consistent with the second quarter, Gray Television Inc. would lead the pack in total revenues based on these projections. The ever-increasing political spend on local TV stations will lead to even greater disparity between even- and odd-year revenues over time.
About SNL Kagan
SNL Kagan, a division of SNL Financial LC, is a comprehensive resource for financial intelligence in the media and communications sector, including the broadcasting, cable, entertainment, motion picture, telecom, wireless, satellite, publishing and new media industries. The SNL Kagan suite of products integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit http://www.snlkagan.com.
One SNL Plaza
Charlottesville, VA 22902
Other office locations:
North America. Europe. Asia
Visit SNL in the Media to learn more about resources available to members of the media.
SNL Financial on Linked In: http://linkedin.com/company/snl-financial