TV Revenues Up in First Quarter
By John Eggerton -- Broadcasting & Cable, 5/26/2004 10:27:00 AM
Local station, syndication and network ad revenue were all up for the first quarter of 2004, according to the Television Bureau of Advertising. The total-broadcast ad figure for the quarter was $11,182,931,600, up 10.2%
Syndication was the biggest gainer, with a 16.7% bump to $947,801,600; network TV was the second biggest, up 10.4% to $6,174,535,800; local TV was third, up 8.7% to $4,060,594,200.
Seven of the top 10 local TV ad categories showed gains over first-quarter 2003, led by big gains in government spending and financial services. The seven "ups" were government, up a whopping 93.4% (primarily political dollars); financial, up a healthy 31.4%; real estate, up 23.7%; automotive, up 14.3%; car and truck dealers, up 13.3%; furniture, also up 13.3%; and leisure time activities; up 7.5%.
The biggest downer was telecommunications, off 20.6%; followed by food, down 13.6%; and restaurants, down 8%.
Likewise, seven of the top 10 advertisers also boosted spending. They were: Nissan, up 51%; Honda, up 24.4%; Toyota, up 23.2%; GM, up 16.2%; Ford, up 13.8%; Toyota dealers, up 9.1%; GM dealers, up 4.6%. Downers were Verizon, off 9.7%; Daimler Chrysler, down 3.5%; and Ford dealers, down .8%
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