presidential election boosts TV ratings — but ad sales plummet
The presidential election has been a boom for TV ratings — capturing every move made by Hillary Clinton and Donald Trump — but a disaster for channels hoping to cash in on big money political ad spending.
Only a slight $146 million has been spent since April; by contrast, in the same time period in the 2012 race, a whooping $373 million had been plunked.
The drop is largely caused by Donald Trump relying on free media coverage — and not spending a dime on political TV advertising until this week.
The Trump campaign began its first ad campaign, backed by a relatively modest $4.9 million. The Clinton campaign and its main super PAC, Priorities USA, have spent at least $104 million on TV advertising so far. Outside pro-Trump groups have spent at least $13.5 million up to this point.
Trump has told reporters he didn’t want to begin spending too early, because he viewed it as a waste of money.
“I don’t want to waste money now. It’s too early,”Trump said.
“I spent less money than anybody else. It used to be in the old days if you spent less money and had fewer people, you’d be called a genius,” he added.
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