by Joe Mandese @mp_joemandese
Source: www.mediapost.com, September 2020
While overall ad spending has declined, a new study of TV and radio ad campaigns indicates they are actually performing better during the COVID-19 pandemic.
The analysis released this morning by performance analytics firm Veritone shows that on average, TV and radio ad campaigns are generating nearly 7% greater “lift” — defined as increased traffic to the advertiser’s website — over the course of the 15 months analyzed.
The study analyzed 250 radio and TV ad campaigns running on stations in the U.S. and Canada during a 15-month period ending in June 2020.
“Consumer response to broadcast ads has not changed significantly,” the report concludes, adding, “ads that have shown to be effective prior to COVID-19 yield similar online results now.”
