Data Mining Seen Spurring TV Political Ad Spending

Thanks to innovations in "addressability" and data targeting, TV political ad spending in 2016 is forecast to climb to $3 billion, according to Comcast projections recently provided during "Advanced Advertising: Profiting From a Targeted Audience," an event hosted by Broadcasting & Cable and Multichannel News publishing. Demand for spot cable is expected to see especially strong growth because it can offer targeted inventory late in political races. About 75% of ad buys come after July 4, with most post-Labor Day, when cable set-top box data and other data insights let campaigns reach a more precise cross-section of voting viewers. However, though addressability is practical on a regional or system basis, scaling up to a wider campaign is challenging. Michael Bologna, president of MODI Media, pointed out in a Broadcasting & Cable report that once a TV ad buy requires more than 30% of the U.S. audience, or CPMs over $5, broadcast "one-to-many makes more sense" than spot cable's addressability. Read the Broadcast & Cable story at http://www.broadcastingcable.com/news/bc-events/data-mining-spurs-political-ad-buying-advancedad/138701