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ABC to get Super Bowl kick
Report says demand, prices for Super Bowl and Academy Awards advertising is strong.
November 25, 2002: 6:53 AM EST

NEW YORK (CNN/Money) - ABC is seeing strong sales and pricing for advertising for the Super Bowl and the Academy Awards, both of which it will broadcast next year, a newspaper reported Monday.

Strong ad sales for the two programs would provide a much-needed lift for ABC, which has trailed the other networks in ratings, particularly among the key viewers 18 to 49 years old sought by advertisers. The Super Bowl is especially important since it's the single biggest advertising showcase on television each year.

USA Today said ABC is about 80 percent sold out of time on the Super Bowl, with all but one spot in the game's first half already sold. The network, a unit of Walt Disney Co., is getting $2 million to $2.2 million for a 30-second spot, compared with $1.9 million a spot last year, when the game was broadcast on Fox, the network of Fox Entertainment Group.

Last year's overall ad market was much weaker than this year's market, which has seen prices for most prime time shows significantly above year-ago rates, and availability of spots relatively limited. Last year's Super Bowl was also hurt by the start of the Winter Olympics shortly after the game, which drew some advertising dollars away from the game.

The paper also said ABC is looking for $1.4 million for a 30-second spot on the Academy Awards in March, up from about $1.2 million a year earlier.

For the 12 months ending Sept. 30, ABC had an operating loss of $36 million, compared with an operating profit of $783 million a year earlier, as broadcasting revenue fell 15 percent to $5.1 billion, even as revenue increased at its cable networks.

Shares of Disney (DIS: Research, Estimates), a component of the Dow Jones industrial average, lost 2 cents to close Friday trading at $19.53.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.