|

Winter Olympics Will Boost US TV Revenue, Says CMR

Winter Olympics Will Boost US TV Revenue, Says CMR

CMR forecasts that network and spot television spending for the 2002 Winter Olympics will total approximately $700 million, a rise from the $627 million grossed during the last Winter Olympics.

During the 1998 Winter Olympics, network television grossed $480 million and spot television $147 million. In 2000, network advertising expenditures for the 2000 Summer Olympics in Sydney increased by nearly 50% to $929 million in network advertising and spot television reached $340 million.

Top advertisers for both 2000 and 1998 games include automotive industry leaders such as General Motors and Ford. Other consistent major advertisers are Coca-Cola Company, IBM Corporation, AT&T and Visa USA Inc.

Media Jobs