Political ads are everywhere. Kantar’s latest estimate projects that political advertising could total $8.0 billion this year. That number has increased from their previous projection from last August, which was $7.8 billion. And according to Kantar, this is a conservative number and not as dramatic as other industry estimates.
Political spending will increase across all platforms, traditional and digital. But the early estimate puts over $3.8 billion, the largest share, on broadcast TV. Cable and satellite at $1.4 billion, followed by digital and OTT/CTV at $1.2 billion each, and radio at $215 million.
Political advertisers are protected by the FCC and the Communications Act of 1934 when advertising on traditional media platforms. They are entitled to reasonable access, the lowest unit charge, and equal time. Besides the protection, candidate and issue advertisers also like broadcast TV due to its large reach and scale at a low cost per thousand.
This is all great for political advertisers, but as they buy up broadcast TV inventory, the stations are forced to preempt general advertisers. It is up to the individual station discretion how to preempt. Stations may decide to preempt based upon last in/first out, the lowest rate in a time period, or some will try to spread the preempts evenly among advertisers.
Any advertiser who utilizes broadcast TV as part of their media plan should be aware of political advertising in a market. It is important to know the political windows of your specific market. These windows are typically where political spending is the highest and where general advertisers will see the most preempted spots.
Broadcast Television advertisers can take some steps to avoid preemptions:
In a highly contested political market with limited broadcast TV inventory and increased rates, non-political advertisers may need to re-evaluate their media mix and look at other ways to reach their target audience. Options to consider include:
Advertising during a political year can be tricky. The Moran Group is knowledgeable and able to develop a plan that will reach your target audience efficiently during this year of high political spending.