TV networks should be encouraged by the ad forecasts presented this morning at the UBS Global Media and Communications Conference. Global spending on the medium will grow 7.7% in 2014, up from +1.8% this year, UBSMagna Global EVP Vincent Letang says, In the U.S., broadcast TV will benefit most from the mid-term elections and Winter Olympics. Spending will increase 9.3%, in contrast to this year’s 5.7% drop. Cable will be +7.8% vs. +4.4% in 2013. Much of the growth will come from technology and telecom companies as they introduce game consoles and gadgets — but auto and pharmaceutical spending will rise. Entertainment, however, will be down in 2014, due in part to efforts by studios to trim their release slates. Political spending likely will be about a third higher than it was in 2010 at $3B, Letang says. He also expects about $600M in spending around the Winter Olympics. Generally speaking “television and digital media are sharing the eyeballs and dollars that print and radio are losing,” Letang says.