Report: Station Revenues Down $5.5 Billion

By Andrew Gauthier 

Broadcasting & Cable

Between 2006 and 2009, TV station revenues were down over five and a half billion dollars, according to a new report from SNL Kagan, from $24.6 billion to under $19 billion.

By 2013, Kagan predicts TV station revenues will only have recovered about half of that drop, to $21.7 billion. “While still below 2006 levels,” says the report, “our analysis indicates an industry with positive momentum.”

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That’s in part because the good news is that Kagan predicts the increase in retrans and online revenue, while still only a relatively small fraction of the total pie, will lead to a healthier future.

It is also because the report estimates a 5-7% boost in ad spending this year, which Kagan calls conservative and adds could increase if auto comes back and political “delivers on some early promise.” A Supreme Court decision allowing direct funding of campaign ads by corporations and unions could help boost the latter, unless it is undone by unhappy legislators and the Obama administration. More…

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