Here comes the flood: political ad tsunami rolling in
Are you ready for some ... political advertisements?
At least $2 million in ad time in the Twin Cities market has been purchased by political groups, and more is likely to be spent before the Nov. 6 election, the Associated Press reports.
Ultimately, the Democratic Congressional Campaign Committee plans to spend $2.8 million on ads in Minnesota, a spokeswoman said. The National Republican Congressional Committee has reserved $1.2 million in the Minneapolis-St. Paul market just for the 8th District race, featuring DFLer Rick Nolan and incumbent Republican Rep. Chip Cravaack.
A 30-second spot can cost from a few hundred dollars to $20,000 during a Sunday Vikings game, the AP says.
All this means its Christmas time for broadcasters. Adweek reports that local, network and cable TV will see a 23 percent boost in revenue this year over last thanks to political advertising – perhaps as much as $5.2 billion total.