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Political Ad Spending to Hit $6B in 2016: Analyst - Multichannel

Political Ad Spending to Hit $6B in 2016: Analyst

TV to Take $4B, With Digital Gaining Share
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The 2016 elections could generate $6 billion in election-year ad spending, with 66%, or $4 billion going to television, according to a new report from a Wall Street analyst.

Marci Ryvicker of Wells Fargo forecast that digital will increase its share of political spending, but its gain will not come at the expense of television.

Digital’s share should go to about 11%, or $650 million, in 2016 from 6% in 2012, Ryvicker said. Most of those funds will come from budgets previously assigned to print.

“While every candidate will likely have a digital presence, presence is free -- don't confuse ‘interactions’ with ‘ad spend,’” Ryvicker said in her report.

Read more at broadcastingcable.com.

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