Hungarian ad market slumps

TV ad revenue in Hungary fell by 16% to HUF60 billion (€226.1 million) in 2009, according to Ernst and Young.

Quoted in Real Deal, a senior executive from the company added that the ad revenues of national terrestrial broadcasters fell by 21% to HUF48 billion last year. On the other hand, that of thematic channels rose by 10% to HUF12 billion, while that for sponsored spots was down by 29% to HUF2.5 billion.

Hungary’s TV ad market continues to be dominated by the national commercial stations RTL Klub and TV2, which between them are believed to account for up to 80% of TV ad spend. However, thematic channels are slowly gaining share at their expense.

Chello Central Europe and IKO Media are two of the leading providers of thematic channels in Hungary.

 

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com.

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