Data: MAGNA Advertising; Table: Andrew Witherspoon/Axios

If it weren't for the Olympics and the election next year, TV advertising sales would be down again next year, according to MAGNA, an advertising firm.

Why it matters: Engaged live audiences have become a commodity for advertisers, and they are willing to spend big.

  • In total, $10 billion is expected to be spent around the 2020 election cycle. That should help push local TV advertising spend to over $20 billion in the U.S. next year.

Driving the news: NBC Sports has sold $1 billion in national ad sales for Olympics, executives said on a call last week. The company is on track to beat its prior record of $1.2 billion in domestic ad sales during the Rio 2016 games.

  • NBC advertising executives noted NBC Olympics’ coverage of Rio in 2016 across all of its television platforms "delivered more than 3x the gross audience of the five major pro championships combined that year – the Super Bowl, NBA Finals, Stanley Cup Final, World Series, and NASCAR Homestead."

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Exclusive: CBSN launches global expansion

CBSN

CBSN, the 24/7 digital streaming news service for CBS News, is expanding internationally to pull in more digital TV ad dollars, while also expanding its audience.

The big picture: The company has brokered over-the-top (OTT) TV carriage partnerships with connected TV providers in over 89 countries outside of the United States.

Jun 23, 2020 - Technology

Outdoor brands lead the call for Facebook ad boycott

Illustration: Sarah Grillo/Axios

Patagonia became the third major outdoor brand to say it was boycotting Facebook and Instagram on Sunday, following similar moves by North Face and REI.

Why it matters: Tension between advertisers and the tech giant has existed for years, but now — as the country faces a reckoning over systemic racism — marketers feel more compelled to take a public stand on filtering hate speech.

Scoop: Goldman Sachs hires first-ever chief marketing officer

Photo by Monica Schipper/Getty Images

Goldman Sachs has hired former AT&T chief brand officer Fiona Carter as its first-ever chief marketing officer, according to an internal memo obtained by Axios.

Why it matters: While Goldman spends less than some of its financial services competitors on advertising, the company has built a robust in-house media team that produces everything from podcasts to live events and videos.