Report: Political Ad Spend to Increase 11% in 2010

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Political advertising will hit $3.3 billion in 2010, an 11 percent increase over 2008 (but a 4 percent decrease from 2006), according to a Wells Fargo Securities report released Wednesday (Oct. 21).

The ad windfall, more than 60 percent of which will go to local TV, will be fueled by the election of 37 governors, 38 senators, every member of the House of Representatives and issue advertising (which could approach $1 billion) on hot-button issues such as health care.

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