FEATURED STORY

Ksh41bn ad revenue at stake in TV switch-off

Share
Share

Advertisers have joined the digital migration stand-off, urging the warring parties to reach consensus over the issue. Mr Lenny Ng’ang’a, chairman of the Advertising Practitioners Association of Kenya (APA), says in a statement released moments ago that a drawn-out media blackout will cause a large revenue loss with ripple effects to advertisers, broadcasters, the advertising industry and the economy.

“The Association of Practitioners in Advertising of Kenya wishes to express its deep concern over the standoff between the Government of Kenya, and the leading broadcasters over the digital migration exercise,” he says.

The television advertising sector was valued at Ksh41 billion in 2014. Advertisers who are unable to drive their marketing campaigns on television effectively are likely to scale down their advertising investment on this medium which in turn could reduce consumer demand and thus slow down the economy.

The fall in television viewership occasioned by lack of pervasive set top box penetration, will in the coming months have far-reaching ramifications for the broadcast sector which largely draws revenues from selling audience ratings to advertisers.

“We wish to state that whilst APA fully supports the efforts by the Government of Kenya to meet its international treaty agreements and deadlines for digital migration, we have held the belief that a phased, well-planned and mutually agreed approach to the benefit of all Kenyans is ideal,” says APA. “We appeal for moderation and compromise in resolving this crisis as a disorderly migration benefits no one and will come at a huge cost to the economy.”

Written by
BUSINESS TODAY -

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Related Articles
Affordable Housing Project
FEATURED STORY

Govt Puts Up For Sale 4,888 Affordable Housing Units: Here’s The Full List And How To Buy

The government has put up for sale 4,888 affordable housing units across...

Geraldine Sande, Channel Sales Leader for Schneider Electric East Africa
FEATURED STORY

How Working With ‘Glocal’ Original Equipment Manufacturers Can Empower East Africa’s Channel Partners For Success

Channel partners in East Africa, including resellers, distributors, system integrators and panel...

Treasury CS John Mbadi
FEATURED STORY

Understanding Tax Amendment Bills: How The New Laws Will Affect Kenyans

The government has announced several amendments to the existing tax laws to...

Prime Cabinet Secretary and Cabinet Secretary for Foreign & Diaspora Affairs
FEATURED STORY

Inside Kenya’s 60 Years of Diplomatic Journey

Kenya is set to commemorate 60 years of diplomacy this week starting...