BIA Estimates Local Broadcast TV Ad Revenues to Top $23.8 Billion in 2024, Bolstered by Political and Increased Auto and Legal Ad Spending
BIA CEO Addresses Television’s Share of the Local Advertising Marketplace for Key Ad Spending Verticals…
CHANTILLY, Va. (Aug. 10, 2016) – BIA/Kelsey analyzes opportunities and hurdles for the local television industry in the newly published report, Local Television Stations: Maintaining an Important Presence in 2016 & Beyond. The report examines TV’s position in the competitive media landscape, with a look at a range of influences, from the many viewing options now available to consumers, to the variety of revenue streams the industry is embracing.
“Although local television will experience new challenges, its overall position remains strong and valuable to the media marketplace,” said Mark Fratrik, chief economist, BIA/Kelsey. “For certain advertising groups, it continues as an important local platform. Still, the industry must continue building out digital channels to reach local communities and deliver valuable access points for advertisers.”
Included in the report is a look at recent station sales transactions and the increased activity expected this year and beyond. It also covers regulatory and legal issues associated with local television station ownership, including the anticipation of tightening of the rules governing existing relationships between local television stations.
Other topics covered in the 67-page report include:
More information about Local Television Stations: Maintaining an Important Presence in 2016 & Beyond, including how to purchase, is available at http://bit.ly/StateofLocalTelevision. BIA/Kelsey content subscribers will receive the report this week.
This past June, BIA/Kelsey released the first in its State of the Industry Reports with a comprehensive analysis of the Radio Industry, The Position of Local Radio Stations: Trends for 2016 & Beyond, examining radio advertising revenues and how the industry maintains a prominent position in the local marketplace. For a full listing of available research, visit http://www.biakelsey.com/research-data/current-research/.
BIA/Kelsey (@BIAKelsey) defines, organizes and analyzes the multibillion-dollar Local Commerce Universe (LCU) for media, technology companies, brands and agencies competing in today’s multiplatform, interactive local media and marketing arena. LCU, the firm’s proprietary vision for tracking the evolving local marketplace, provides an effective framework for delivering meaningful data-driven analysis, consulting and valuation services, competitive intelligence and state-of-the-industry conferences. Learn more about BIA/Kelsey at http://www.biakelsey.com.