Ad buyers have been negotiating a dramatic spike in TV media costs since mid-2020, according to the latest Global Ad Trends report on the rising cost of incremental reach.
Globally, TV CPMs (cost per thousand) have increased 31.2% since 2019 – the steepest incline in more than two decades – and are up 9.9% year on year in 2022. The trend is especially pronounced in western markets: in the US, TV CPMs are forecast to reach $73.14 in 2022, an increase of 40.0% on pre-COVID costs.
A twin trend of declining linear TV viewership and rising costs in...