Magna Forecasts Slower Ad Growth in 2013Big year seen in 2014 6/14/2013 08:44:01 AM Eastern
Global TV advertising growth is expected to slow to 2% in
2013, according to leading media buying agency MagnaGlobal.
Magna's new forecast puts total TV ad dollars for 2013 at
$196.5 million, making it the leading media category with a 40% share.
With the U.S. economy on a slow but steady trajectory toward
recovery, Magna expects to see improvement in the second half of 2013 and in
2014. Total TV ad spending in the U.S. will be down 2.8% in 2013 because of the
absence of Olympic and political spending. Broadcast will be down 6.8% while
cable will grow 2.4%, Magna says.
Magna says the only media category to show significant
growth in the U.S. will be digital, registering an 11.5% bump.
ahead, the agency says 2014 should be the strongest year for global advertising
since 2010. Ad revenues are expected to rise 6.1% to $515 billion, a bigger
rise than Magna forecast in December.