{"id":139298,"date":"2019-11-30T18:10:39","date_gmt":"2019-11-30T18:10:39","guid":{"rendered":"https:\/\/www.bnreport.com\/bloomberg-ad-buys-up-to-58-million-as-he-and-steyer-dominate-spending-among-2020-field\/"},"modified":"2019-11-30T18:10:39","modified_gmt":"2019-11-30T18:10:39","slug":"bloomberg-ad-buys-up-to-58-million-as-he-and-steyer-dominate-spending-among-2020-field","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/bloomberg-ad-buys-up-to-58-million-as-he-and-steyer-dominate-spending-among-2020-field\/","title":{"rendered":"Bloomberg Ad Buys Up to $58 Million as He and Steyer Dominate Spending Among 2020 Field"},"content":{"rendered":"<p>Michael Bloombergs spending on ads is up to $58 million as he and fellow billionaire Tom Steyer permeate television markets and dominate spending among the Democratic presidential candidates.<\/p>\n<p>Bloomberg spent more than $37 million on ads scheduled to run on television, mostly local networks, through the next week.<\/p>\n<p>About $12 million of the latest purchases are targeting voters in Democratic states while the rest was split between Republican and toss-up states and national television spots, according to <a href=\"https:\/\/www.kantarmedia.com\/us\/thinking-and-resources\/blog\/bloombergs-expensive-bid-for-president\" rel=\"noreferrer noopener\" target=\"_blank\">Kantar Media<\/a>.<\/p>\n<p>The biggest buys were in California ($4.1 million), Florida ($3.8 million), and New York ($2.3 million).<\/p>\n<blockquote><p>\nBloomberg is concentrating the majority of his initial presidential campaign budget in Democratic states, allocating 43% of spend ($12.7 million) and splitting the rest among Republican (30%) and toss up states (27%) <a href=\"https:\/\/t.co\/cMs2KFh67t\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/t.co\/cMs2KFh67t<\/a> <a href=\"https:\/\/t.co\/0gCgrTmXd8\" rel=\"noreferrer noopener\" target=\"_blank\">pic.twitter.com\/0gCgrTmXd8<\/a><\/p>\n<p>\u2014 Kantar (Media Division) (@Kantar_Media) <a href=\"https:\/\/twitter.com\/Kantar_Media\/status\/1199761535511474178?ref_src=twsrc%5Etfw\" rel=\"noreferrer noopener\" target=\"_blank\">November 27, 2019<\/a>\n<\/p><\/blockquote>\n<p>Bloombergs spending was more than all candidates combined had spent through Nov. 1, with the exception of Steyer, who has dropped $54.1 million, Kantar Media said. The group estimates $10 billion will be spent in the 2020 cycle.<\/p>\n<p>\u201cOur plan is twofold: compete aggressively in primary states like Florida where other campaigns have not focused as much, while simultaneously taking the fight to Donald Trump\u2014right now\u2014in those states, which are also key battleground states in the general election,\u201d Bloomberg campaign spokesperson Marc LaVorgna told the <a href=\"https:\/\/www.tampabay.com\/florida-politics\/buzz\/2019\/11\/27\/michael-bloomberg-already-spending-millions-in-florida\/\" rel=\"noreferrer noopener\" target=\"_blank\">Tampa Bay Times<\/a>.<\/p>\n<p>\u201cIn a state like Florida or other crucial swing states, Trump effectively has had the field to himself, running ads and starting his reelection effort. Mike has begun challenging him in those states already, and is the only candidate doing so.\u201d<\/p>\n<p>Bloomberg had already spent about $34 million for ads across 46 states as of Nov. 22, <a href=\"https:\/\/www.theepochtimes.com\/bloomberg-spends-34-million-on-ads-in-46-states_3156408.html\" rel=\"noreferrer noopener\" target=\"_blank\">according to<\/a> Advertising Analytics. It appears some of the data overlapped; Bloomberg had spent $58 million on television ads through the week of Dec. 3, <a href=\"https:\/\/twitter.com\/DavidWright_CNN\/status\/1199808608097259520\" rel=\"noreferrer noopener\" target=\"_blank\">according to<\/a> David Wright of CNN, citing Kantar.<\/p>\n<p>Lavorgna wouldnt say how much Bloomberg plans to spend overall for his self-funded campaign.<\/p>\n<blockquote><p>\nW\/ additional bookings this afternoon, Michael Bloomberg is now up to $58.35 MILLION in TV ad spending through the week of 12\/3.<\/p>\n<p>Again for context: Bloomberg is spending more on TV ads just this week ($30M) than the entire Democratic field, minus Steyer, has spe<a href=\"https:\/\/www.theepochtimes.com\/bloomberg-ad-buys-up-to-58-million-as-he-and-steyer-dominate-spending-among-2020-field_3159663.html\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Michael Bloombergs spending on ads is up to $58 million as he and fellow billionaire Tom Steyer perm..<\/p>\n","protected":false},"author":1,"featured_media":139299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-139298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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