CBS has awarded media buying and planning responsibilities across CBS, CBS All Access and Showtime to Horizon Media, sources with knowledge of the account confirmed to Adweek.
The appointment follows a competitive review conducted this spring in which incumbent OMD defended, according to these sources. That review followed the merger of CBS and Viacom last December and acts as a consolidation of the joint entities’ media account, as Viacom was already working with Horizon Media. OMD handled the account for nearly 12 years as CBS appointed OMD as its media buying and planning agency without a review in November 2008.
CBS spent nearly $180 million on media across all three properties last year and around $42 million in the first quarter of 2020, according to Kantar Media.
The appointment follows ViacomCBS CEO Bob Bakish discussing a planned 2021 relaunch of streaming service CBS All Access, which which has lagged behind competitors such as Netflix and Hulu. ViacomCBS has struggled in the wake of sports cancellations and production halts during the coronavirus pandemic. In April, the company laid off contract workers across divisions, followed by layoffs at CBS’ news and entertainment in May.
For Horizon Media, the appointment should come as a welcome win in a category where the independent media agency has ceded ground to Omnicom Media Group in recent years, bitten by mergers and consolidation.
Last year, Disney moved its media channels account—including ABC, Disney Channel, Freeform and FX—from Horizon to Omnicom Media Group’s bespoke OMG23 Unit, as part of Disney consolidating the majority of its $2.3 billion media account with Omnicom and Publicis Groupe. In another consolidation move, WarnerMedia sent its media account to Omnicom Media Group’s Hearts & Science in 2018, following AT&T’s $85 billion acquisition of Time Warner, with Horizon Media losing its share of the Turner business.
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June 25, 2020 at 02:13AM
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CBS Moves $180 Million Media Account to Horizon - Adweek
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