CBS Sees Primetime, Late-Night Advertising Gains From Upfront (EXCLUSIVE)

Variety | 6/20/2019 | Brian Steinberg
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Despite an array of new video options, Madison Avenue is still placing big bets on one of its standbys.

CBS expects the volume of advance advertising commitments placed against its next primetime schedule to rise 5% to 6%, according to a person familiar with the matter, and advance commitments placed against its late-night programming to increase 20% in the industry’s annual “upfront” marketplace. The figures show advertisers maintaining their position in one of the stalwarts of linear broadcast television at a time when more consumers are showing interest in streaming video they can watch at times of their own choosing.

CBS - Advance - Commitments - Primetime - Schedule

CBS may have secured between $2.39 billion and $2.79 billion in advance commitments for its primetime schedule, according to Variety estimates. In 2018, the network known for series such as “NCIS” and “Young Sheldon” was able to secure between $2.28 billion and $2.63 billion, a 1% gain over its performance in 2017. CBS’ estimates surface after the CW likely secured a 5% increase in ad commitments for its primetime schedule.

Advertisers have moved to lock down broadcast inventory in this year’s upfront, conscious that rapid viewership declines fueled by moves to digital video mean they actually have to worry about a diminished supply of consumer eyeballs. That has created higher demand...
(Excerpt) Read more at: Variety
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