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Television demand for the Tour de France: the importance of outcome uncertainty, patriotism and doping Daam Van Reeth HUB RESEARCH PAPERS 2011/15 ECONOMICS & MANAGEMENT SEPTEMBER 2011

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Television demand for the Tour de France: the importance of outcome uncertainty,

patriotism and doping

Daam Van Reeth

HUB RESEARCH PAPERS 2011/15

ECONOMICS & MANAGEMENT SEPTEMBER 2011

1

Television demand for the Tour de France: the importance of outcome uncertainty, patriotism and doping

Daam Van Reeth

Hogeschool-Universiteit Brussel, Campus Economische Hogeschool, Stormstraat 2, B-1000 Brussels, [email protected]

Abstract

This paper analyzes demand for televised cycling races. Using data for 296 Tour

de France broadcasts from 1997 until 2010, average and peak TV audience per

stage is estimated by an OLS regression model. A first set of independent

variables measures the importance of stage scheduling and includes variables that

define the stage type and stage date. These variables are defined ex ante by the

race organiser and can therefore be controlled to influence viewing. A second set

of variables consists of stage features not under the control of the race organiser.

These variables measure the importance of outcome uncertainty, patriotism,

doping and weather conditions. Our findings suggest that viewership of televised

cycling is largely determined by stage characteristics. Only on a much smaller

scale are viewing habits driven by race developments. The study supports the idea

that a well-chosen profile of stages is crucial when trying to maximize Tour de

France TV viewership.

Key words: Tour de France, TV demand, outcome uncertainty, doping,

patriotism

1. INTRODUCTION

The Tour de France is the most important cycling race in the world. The

three-week race takes place in July each year and captures the interest of tens of

millions of cycling fans every day. Alongside the cobblestones classics Paris-

Roubaix and the Ronde van Vlaanderen it is the only cycling race to get

2

worldwide live coverage. According to the race organiser ASO1, global TV

audience for the 21 stages amounts to almost 1 billion spectators. Many fans also

watch the race from the roadside. The live audience along the Tour de France

route during the whole event is estimated to be around 15 million

(www.letour.fr). The significant media exposure the race offers motivates cycling

teams to line up their best riders. Although an analysis of what drives Tour de

France viewership is therefore clearly appropriate, to our knowledge there has

been no detailed empirical study of Tour de France audience yet, a gap in the

literature which this article wants to address.

The paper investigates to what extent stage scheduling and race features

like outcome uncertainty, patriotism, doping and the presence of substitute goods

influence live Tour de France TV viewing. As a case study, viewing data for

Flanders, the Northern part of Belgium, were used. Although one of the smaller

European TV markets, the choice of Flanders is highly relevant when studying

road cycling. In 2009 almost 150 cycling races were broadcast over 120 different

days on Flemish television, numbers no other country or region can match. With

about 8% of its population tuning in daily, Flanders also has the highest Tour de

France TV ratings in the world, followed at a distance by Denmark and France

(ViewerTrack 2010). The television popularity of cycling in Flanders is no

surprise. Due to its established heritage in the sport, the region is often described

as "the heart of cycling". This heritage is also reflected in the fact that in many

top cycling teams former Belgian cyclists play a major role. Alberto Contador,

Lance Armstrong, Jan Ullrich and Greg Lemond all won the Tour de France

under the guidance of a Flemish directeur sportif2.

The rest of the paper proceeds as follows. In section 2 we present a

literature survey on TV demand for sport. The Tour de France and its fruitful

relationship with television is explained in section 3. Section 4 describes the data

and the methodology. The empirical results are discussed in section 5.

Conclusions then follow together with a remark on some future research

opportunities.

3

2. LITERATURE ON TV DEMAND FOR SPORT

Empirical studies on sports events demand have focused heavily on live

attendance. The attendance demand for sports events is therefore extremely well

researched. In their survey, Garcia & Rodriguez (2009) list 81 empirical studies

on sports attendance, most of them analyzing popular sports like baseball or

soccer. But for road cycling this attendance approach is inadequate. The sport is

taking place on public roads and there is no host team playing in a home stadium.

TV viewership and not live attendance is therefore the more relevant measure to

use when studying demand for road cycling.

The literature on television audience demand is still relatively

underdeveloped compared to the literature analysing live attendance. The

historically-based research focus on live attendance resulted in much of the initial

research on TV demand for sports, analysing the impact of live broadcasting on

game attendance rather than analysing the actual TV audiences. Over the years,

the so-called crowding-out effect of television on attendance has been studied for

sports as diverse as American football (Kaemper & Pacey (1986), Fizel & Bennett

(1989), Putsis & Sen (2000)), basketball (Zhang & Smith (1997)), rugby

(Baimbridge et al. (1995) and Carmichael et al. (1999)) and soccer (Kuypers

(1996), Baimbridge, Cameron & Dawson (1996), Czarnitzki & Stadtmann (2002),

Forrest, Simmons & Szymanski (2004) and Allan & Roy (2008)). The studies

show some mixed evidence as to whether there is a significant impact of

broadcasting on attendance. Baimbridge et al. (1995) find a 25% decline in

stadium attendance in the case of rugby while Kuypers (1996) found no

significant effect for the English Premier Football League. Czarnitzki &

Stadtmann (2002) even estimated a positive effect when modelling attendance in

German football. Because, given the absence of a home stadium, a study of the

crowding-out effect is irrelevant in the case of cycling, we will not discuss this

line of research any further.

A second important subject that sports economists analysing TV demand

have concentrated their attention on is the impact of outcome uncertainty on TV

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viewership. Although there had been some previous research in this field3, this

line of research has only recently witnessed a significant boost in interest,

kickstarted by the seminal article of Forrest, Simmons & Buraimo (2005) on what

they call the couch potato audience. Based on a model that estimates the determinants

of audience figures, Forrest et al. (2005) conclude that in the English Premier

Football League “outcome uncertainty is a significant determinant of audience size, but the

magnitude of its impact appears to be modest.” The authors also took a look at the

supply side of the TV market by modelling the broadcaster's choice of games to

be screened.4 They find some evidence that both broadcaster and audience

favour matches expected to be close.

Their work inspired similar studies on other European football leagues.

For the Spanish first division Garcia & Rodriguez (2006) report that the ex ante

attractiveness of a match is the main determinant of the size of the audience.

They also find a strong seasonal component in the evolution of the size of the

audience within the football season. Also Buraimo & Simmons (2007) analyse

Spanish football and conclude that "unlike their stadium counterparts, who have a

preference for outcomes which favour their home team, TV audiences overwhelmingly prefer close

matches than ones in which the outcomes are more predictable." The Italian first division

was studied by Di Domizio (2010). He shows that more then 90% of the

variability concerning TV audiences can be explained net of uncertainty factors.

Variables associated with the closeness of the match increase the goodness of fit,

but are not crucial in determining the TV share.

Other European authors analysed TV football audiences from a different

point of view. In a novel approach, Alavy, Gaskell, Leach & Szymanski (2010)

analyze minute to minute intragame viewership for English League football

matches and find that “although uncertainty matters, it is the progression of the match which

drives viewership and as a draw looks increasingly likely, viewers are likely to switch channels.”

Based on a comparison between two Scandinavian football leagues, Johnsen &

Solvoll (2007) report that viewers have different motives for watching games on a

public service broadcaster to those watching on a private channel. For a private

channel content (the types of games shown) is decisive, while for a public service

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broadcaster timing (scheduling strategies) is everything. Nüesch & Franck (2009)

present evidence of patriotism in TV viewership by examining data for

international football games between countries. They show that both the

expected game quality based on the proven playing strength of the teams and

levels of patriotism strongly predict the TV figures.

Also American sports economists have recently studied TV audiences in

relation to outcome uncertainty. Berkowitz, Depken & Wilson (2010) compare

TV viewership and attendance in NASCAR racing and conclude that "with greater

uncertainty, fan interest reflected in attendance and viewership increases. With less competitive

balance, fan interest in TV viewership falls but attendance is not influenced." Biner (2009)

studies American Football and reports that “while stadium attendance is determined by

home team’s dominance, TV ratings are determined mostly by close games with possibly strong

teams playing each other”.

Finally we briefly point to the analysis of spectator motives for watching

sport on television as a third line of research in television audience demand. Fink

& Parker (2009) and Solberg & Hammervold (2008) present evidence that

outcome uncertainty is not as important for peoples' interest in sport as the

literature in sports economics has argued in the past.

3. TELEVISION AND THE TOUR DE FRANCE: A PERFECT MATCH

TV coverage of the Tour de France started shortly after World War II

with the first live broadcast of the Tour’s conclusion at the Parc des Princes in

Paris in 1948. Previously, images of the Tour de France had only been shown on

cinema newsreels a couple of days after the event took place. The success of the

1948 live transmission prompted French television to schedule a daily evening

news program. During the 1950s the popularity of the Tour de France news

programs grew resulting in the first live coverage from within the race in 1958 on

the legendary col d’Aubisque. French television began to pay for the right to

cover the race in 1960. That year, nine hours and twenty minutes of race

coverage was provided, including four hours of live coverage (Thompson, 2008).

6

In the following decades, television coverage expanded in duration and

scope. European countries like Belgium, the Netherlands and Italy started live

transmission in the 1960s and 1970s. The race was broadcast for the first time in

the United States in 1979 and in Japan in 1985 (Thompson, 2008). Australia,

China and Latin American countries soon followed, making the Tour de France

one of the most viewed multiday sports events.5 In 2011 TV channels provided

coverage of the Tour de France in 190 countries including live coverage in 60,

twice as many as in 2000 (www.letour.fr). Decisive stages attract between 40 and

50 million TV viewers worldwide (ViewerTrack 2010), offering sponsors of

cycling teams valuable exposure to a large audience.

Several elements make the Tour de France and television such a perfect

match. Firstly, unlike many other sports, road cycling can only be understood

well through access to the media. While a spectator at a soccer match might not

get the best view of the action, he would at least know the score. With cycling,

you can only appreciate the day's racing by watching it on television. Note that

historically there has always been an important link between the media and road

cycling. Indeed, many big races were originally created as a promotional tool.

Both the Tour de France and the Giro d’Italia were at first just a means to

increase newspaper sales for the organizing media behind the race, l’Auto in

France and La Gazzetta dello Sport in Italy. In fact, in recent decades television

has largely taken over the newspapers' primary role of telling the heroic story of

the Tour de France.

Secondly, road cycling is an ideal means to promote tourism. Although at

Wimbledon or in a Champion's League final you also get some obligatory

promotional city overview shots, there is no connection between the sport and

the images shown. With road cycling this is different. Cyclists not only compete

with each other, they also have to overcome the obstacles the stage route

imposes. To guarantee the best possible coverage of how the race develops

helicopters and motorbikes carrying cameramen have to follow the cyclists along

the stage route. Road cycling broadcasts thus offer a harmonious mix of live

sport images and complementary roadside showings of the scenery. With the

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exception of sports like city marathon running or the triathlon, this natural mix

of images is present in almost no other sport and it makes road cycling one of the

most watched sports by non-sports fans. It offers places along the Tour de

France route invaluable exposure to a broad audience.6 Just as the 2008 Beijing

Olympic Road Race was a well designed promotional clip for the rich tourist

value of the Beijing region, the Tour de France represents a yearly showcase for

the cities, towns, villages and landscapes of France. For this reason, in

partnership with the French tourism agencies ASO also provides an extensive

stage per stage tourist guide which sports journalists can use in their daily stage

commentaries.

Thirdly, road cycling is not subject to many technical rules or complex

game regulations. Basically the first rider to cross the finish wins the stage. The

absence of important viewing barriers makes the sport accessible to a large

audience and stimulates social and family watching.

Fourthly, road cycling is not a prime time evening sport like, for instance,

football. Consequently, cycling races are fairly easy to fit into the TV schedule.

To a European broadcaster the afternoon Tour de France broadcasts are a

welcome and well-watched alternative to the reruns of old TV programs that

often fill the afternoon TV slots, especially in the dull summer period.

4. MODELLING TV DEMAND FOR TOUR DE FRANCE STAGES

The Tour de France has a long and heroic history of over 100 years. The

race lasts for three weeks, counting 21 stages that differ in length and route. The

cyclist who has taken the least time overall to cover the course wins. Three types

of stage exist: flat stages, mountain stages and time trial stages. Flat stages are

easy to ride and are likely to end in a bunch sprint. They are of almost no

importance to the overall Tour de France win although occasionally top

favourites suffer time losses when crashes or windy conditions result in splits in

the peloton7. When riders have to cycle up steep mountain passes, the race

becomes much harder and usually large time differences between riders are

8

created. Mountain stages are therefore crucial to the overall Tour de France result

and attract a much larger audience. While flat stages and mountain stages are

raced collectively, the peloton starting en mass together, time trial stages are

ridden individually or, sometimes, in teams. Cyclists start at equal time intervals,

usually one or two minutes apart. The absence of clear man-to-man action makes

time trial stages less spectacular to the TV public8, but as they might result in

significant time differences between riders, time trial stages are very important to

the overall Tour de France result too.

The overall time classification is the most prestigious classification to win,

the leader wearing the famous yellow jersey.9 But there are other competitions of

importance too. The points classification, awarded with a green jersey,

determines the best sprinter, the rider who is best capable of winning the bunch

sprint when the whole peloton is still together at the end of a stage. A polka-dot

jersey is worn by the king of the mountains, the leader in the classification for the

best climber, while the best young rider receives a distinctive plain white jersey.

Only cyclists under 25 years of age are eligible for this competition. Next to these

individual classifications, there is also a team classification based on the time of

each team's best three riders in every stage. Not all participating teams have a

strong enough contender for an overall classification. These teams might focus

on individual stage victories instead. But with 22 teams participating and only 5

overall classifications at stake, the stage victories are also hard-fought. In fact,

usually about half of the teams leave the Tour de France empty-handed. The mix

of different stages with multiple success opportunities makes all stages, including

the flat ones, interesting for a large TV audience.

The dependent variables

Different viewership measures are used in sports literature. Some studies

analyse a television rating, which is the percentage of viewers watching the

program out of a potential audience. Other studies focus on the average number

of people watching a program. When the potential audience remains about

constant both measures, of course, lead to the same results. A third viewership

9

measure is the peak audience. Although not yet used in sports literature, we argue

that especially in cycling, for at least for two reasons, analysing the peak audience

is relevant. Firstly, in many sports depending on the progress of the game the

number of viewers more or less remains constant or even decreases. In a cycling

race, however, viewership increases massively towards the conclusion of the race.

Secondly, broadcasts of cycling races differ in length, not only between races but

also between TV channels. Important Tour de France stages are often broadcast

from start to finish, the program sometimes lasting 6 hours or more. Less

spectacular stages usually get coverage of the final 2 or 3 hours only.

Insert figure 1 about here

Figure 1 illustrates the minute-by-minute evolution of the TV audience

for a typical Tour de France broadcast. In the course of the program the

audience grows steadily to 1.5 million, three times the initial audience. While the

peak audience at the end of the race is independent of the length of the program,

the average audience very much depends on this duration. If the TV channel had

opted for a shorter broadcast of only the final hour, the average audience would

have been well in excess of 1.2 million, much more than the now reported

average audience of 941,000. This also shows one has to be careful in comparing

audience figures across countries, especially between cycling-popular countries

with long broadcasts and other countries with much shorter live coverage of

cycling races.

It is safe to assume the average audience mainly reflects the interest on

the part of true cycling fans who prefer to watch every minute of a broadcast.

The peak audience basically gives an idea of the general level of interest in (part

of) a cycling race. This measure therefore better captures the importance of the

occasional, thrill-seeking or 'social' cycling audience watching only the most

relevant part of a cycling race, usually the final kilometres. To analyse a potential

difference in viewing motives between true and occasional cycling fans, in our

analysis both the average audience and the peak audience are used as dependent

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variables. Note we prefer to use the average audience to a TV-rating because it

delivers a more direct interpretation of the results in terms of people watching

and it allows better comparison with the peak audience figures.

It should be noted that all reported viewership measures underestimate

the real number of people watching a program. This is because official data

account for resident viewership only, excluding for instance group viewership in

pubs and viewership from abroad. In the case of cycling, the TV audience from

abroad is significant. Many Dutch fans, for instance, prefer to watch cycling on

Flemish television because of the professional and well-informed commentary.

These spectators are neither included in the reported Flemish viewership data nor

in the reported Dutch viewership data. Unfortunately, no official data on the

number of foreign spectators for cycling races on Flemish television are

available.10

The independent variables

In their analysis of football Johnsen & Solvoll (2007, p. 322) identify two

groups of determinants for TV viewership: scheduling specific factors and

football specific factors. In figure 2 we adapt their model to the case of the Tour

de France and assume that viewing figures are determined mainly by two sorts of

independent variables: scheduling specific variables and viewer specific variables.

Insert figure 2 about here

As early as October, the profile of next year's Tour de France is

announced in detail. Day-to-day information on all the individual stages is made

public, including a description of the route from start to finish. In our model 17

scheduling specific dummy variables were included as control variables to

describe all the relevant ex ante stage characteristics that are already known many

months before the race actually takes place.

There are 6 dummy variables to identify the stage type. As described

earlier, stages are labelled as flat stages, mountain stages or time trial stages. We

11

consider the flat stages to be the reference situation and use 3 dummy variables

for defining different types of mountain stages. We make a distinction between

high mountain stages, in the Alps and the Pyrenees or on the Mont Ventoux, and

low mountain stages, for all other mountain stages. Because mountain stages that

finish on a mountain top are more likely to create time gaps between the top

contenders and thus potentially generate more viewer interest, we also created a

dummy for mountain top finishes. The other 3 stage type dummy variables

identify three time trial formats: individual (flat) time trial stages, team time trial

stages and mountain time trial stages.

Not only is the stage type important, the day or date on which the stages

are held matters too. Because to European TV viewers road cycling is an

afternoon sport, stages ridden during the weekend or on a holiday are likely to

attract more viewers than weekday stages. We therefore include another 9

dummy variables to account for these effects. Two dummy variables capture the

expected increase in TV viewership on the Belgian national holiday (July 21) and

on the Flemish national holiday (July 11). Also the first and the final stage of each

Tour de France are identified with a dummy variable. The other 5 day variables

differentiate between stages held on Saturdays, Sundays or weekdays and stages

held in the first, second or third week, the reference situation being a stage held

on a weekday in the first week.

From time to time the Tour de France crosses international borders for

one or more stages, creating an extra interest in the Tour de France in the

country visited. Since in our study we use Flemish/Belgian viewing data, dummy

variables were used to identify stages with a stage start or a stage finish in

Belgium. By using two dummy variables, we are able to differentiate between

stages passing through the Northern part of Belgium, which are likely to have a

significant impact on Flemish viewership data, and stages passing through the

Southern part of Belgium, from which a smaller impact could be expected.

The second set of independent variables is viewer specific. These

variables measure all ad hoc decisions by TV viewers to watch a Tour de France

stage. These decisions are based on sporting factors like outcome uncertainty and

12

patriotism as well as on non-sporting factors like doping and the competition

from alternative activities.

There exists no published research on outcome uncertainty in road

cycling yet. We are convinced this is partly due to the peculiarities of road cycling

that make a statistical analysis less straightforward. As a start, great care has to be

taken in judging time differences or stage results when looking for evidence of

outcome uncertainty in cycling. Two examples illustrate the point. First, part of

Armstrong's tactics in winning the Tour de France was "offering" the yellow

jersey for a couple of days to another team to reduce pressure on his own team.

This was done by deliberately losing time to a group of riders not strong enough

to compete for the overall Tour de France win. To a non-cycling fan Armstrong's

time loss might be indicative of a bad day and stronger than expected

competition, while in reality it just strengthened the hold of the Armstrong team

on the Tour de France peloton, thus in fact reducing outcome uncertainty.

Second, a zero time difference can in the case of a thrilling bunch sprint point to

a great outcome uncertainty. However, in the case of a mountain stage, the same

zero time difference could be the result of a disappointing lack of competition

between the top contenders, fearing each other too much. But not only is it the

case that a correct assessment of time differences is complex, it is also the case

that as a sport road cycling is very different from most other sports. Road cycling

is an individual sport practised in teams in which collusion between competitors

often occurs and is generally accepted as frequently riders may have mutual

interest in working together. Furthermore, there is no home team, as usually

about 20 teams of 6 to 9 riders compete simultaneously during a race. The

absence of a two-team context and the presence of results-distorting strategic and

collusive decisions by teams makes defining and measuring outcome uncertainty

in road cycling a complicated job.

Three outcome uncertainty variables are included in the model. A first

variable captures the importance of single Tour de France stages to the overall

Tour de France win by using a dummy variable to identify suspense stages. Time

differences between top riders in mountain stages and time trial stages are usually

13

below two minutes at the finish. Consequently, outcome uncertainty with respect

to the final Tour de France winner is only significant when current time

differences in the overall standings are not too large. Suspense stages are therefore

defined as third week mountain stages or time trial stages where at the start the

time difference between the top two riders was less than 90 seconds. The squared

number of stage victories obtained so far in this year's Tour de France by last

year's Tour de France winner acts as a second outcome uncertainty variable.

When winning several stages, a defending Tour de France winner shows he is

ready to retain his title, thereby reducing outcome uncertainty. This so-called

dominance variable thus measures the impact of a more predictable outcome. In

addition to these two competition-based variables, to account for a potential

superstar effect the comeback of Armstrong in the 2009 and 2010 Tour de

France was measured by including another dummy variable.

A second group of viewer specific variables measures patriotism. Both

the number of Belgian cyclists participating in the Tour de France and their

success are included as variables in the model. Belgian success was defined as stages

in which a Belgian cyclist was wearing a leader's jersey of any sort. Next to these

two general patriotism variables, two rider-specific patriotism variables were

used. As a result of believed cocaine use, Tom Boonen was banned from the

2008 Tour de France. Being the most successful Belgian Tour de France rider in

previous years, this was likely to reduce TV interest. The opposite happened

when the unexpected good overall results of Jurgen Van Den Broeck created

extra interest in the 2010 Tour de France.

Because all stages are broadcast on public television in Belgium, Tour de

France viewership is free. In the absence of a price, the opportunity cost of

watching Tour de France stages on television is mainly related to the competition

for leisure time. Consequently, weather conditions and simultaneous major sports

events, like Wimbledon or the soccer World Cup, may play a role in Tour de

France viewership. To capture the impact of these alternatives, a third group of

viewer specific variables was created. On rainy days people tend to stay inside

and TV viewing is expected to be higher. A second weather variable was based

14

on the outside temperature in the viewing country. Although at first no

straightforward relationship between temperature and Tour de France viewership

could be detected, a more detailed analysis led to a surprising result. As long as

temperature is normal for the time of year, temperature does not affect

viewership. But with extremely high as well as with extremely low temperatures,

viewership increases exponentially. The best fit was obtained by constructing a

variable temperature that was set equal to the squared difference in temperature

from 25 degrees Celsius, only if the temperature difference exceeded 5 degrees

Celsius. For smaller differences, this variable was set equal to zero. The only

major rivalling sports event with Belgian participation during Tour de France

stages is Wimbledon. A dummy variable Wimbledon was included in the model to

measure the effect on Tour de France viewership from a live broadcast of a Kim

Clijsters or Justine Henin Wimbledon tennis match.

It is often argued that doping scandals influence TV viewership for road

cycling negatively. In fact, German public TV claimed the drop in German

vierwership for Tour de France stages was due to the continuous doping

atmosphere that surrounds cycling and therefore decided to stop almost all live

coverage of the Tour de France.11 A dummy variable doping was included in the

model to check whether doping cases really affect Tour de France viewership.

Doping stages were defined as the first stage held after a doping case was

uncovered. We should remark though that it is impossible to measure the impact

of famous doping cases like the 2006 Floyd Landis case or the 2010 Albert

Contador case, because both riders were accused of doping use after the finish of

the Tour de France. The public's reaction to these doping cases can therefore not

be reflected in the reported Tour de France viewing figures.

Insert table 1 about here

In table 1 the independent variables are summarized with the expected

sign. All stage date variables are expected to have a positive sign. Mountain stages

are also expected to stimulate TV viewership, while time trials are assumed to

15

negatively influence the number of viewers. The combined effect of the two, a

mountain time trial stage, is not a priori clear. Also for the stage location variables

we do not have any a priori expectation. Grabbing the rare opportunity to see the

Tour de France live, many potential TV viewers will line up along the Tour de

France route, potentially offsetting the extra viewer interest a local Tour passage

creates. The dominance variable is expected to have a negative sign while

suspense stages and the Armstrong comeback should normally attract extra

viewership. Except for the Boonen-dummy, all patriotism variables are expected

to have a positive sign. Finally, rain and large temperature differences will

normally increase TV audience for Tour de France stages, while Wimbledon

matches involving Belgian players and revelations of new doping cases should

lead to a reduced number of TV viewers.

The data

The dataset consists of 296 Tour de France stages broadcast on Flemish

public television (VRT) from 1997 to 2010. Individual stage data including type

of race and day of race were identified for all stages, using publicly available

information on the Tour de France route. Meteorological data were downloaded

from the website of the Dutch Meteorological Institute (www.kmi.nl). To

measure patriotism and outcome uncertainty official race results available on the

Tour de France website were used (www.letour.fr). The mean value or, in the

case of dummy variables, the frequency of the independent variables is also

summarized in table 1.

Viewership data were collected from the Flemish public broadcasting

company (www.vrt.be). Table 2 lists the most and least watched stages on

Flemish television. The mean average audience is 441,983 ranging from a

minimum of 215,488 for the 2007 opening prologue in Strasbourg to a maximum

of 816,066 for the 2010 stage finishing on the legendary col du Tourmalet. All

top 10 best watched stages are mountain stages of which 8 finish on a mountain

top. The least watched stages include 6 time trial stages including 3 team time

trial stages. The Strasbourg prologue also has the lowest peak audience with

16

about 300,000 viewers only. Surprisingly, the top two peak audience stages are

not mountain stages but the 2005 and 2007 final stages to Paris, each attracting

over 1.2 million viewers.12 The mean peak audience is 702,565.

Insert table 2 about here

5. EMPIRICAL RESULTS

We estimated two equations using ordinary least squares regressions. The

two specifications differ by the dependent variable only, the first specification

using average TV audience and the second using peak audience. In the estimates

28 independent variables are included, resulting in a cases-to-variables ratio just

above the threshold level of 10 recommended by the literature. Scatter plots of

the residuals and an outlier analysis indicated no violation of basic regression

assumptions. Results were also checked for autocorrelation and multicollinearity.

With Durbin-Watson statistics of 1.9 and 1.6 and variance inflation factors in

both equations all below 3, the results were judged sound.

As a first step we estimated average Tour de France audiences with the

separate blocks of variables, as depicted in figure 2. An OLS regression with the

6 stage type dummy variables only explained a surprising 48% of the change in

average audience demand, outperforming other specifications with the 11 stage

date and stage place variables (31%), with the 3 outcome uncertainty variables

(19%) or with the 4 patriotism variables (9%). Scheduling specific variables thus

clearly dominate viewer specific variables when explaining television demand for

Tour de France stages, a result in line with earlier findings for football by Forrest,

Simmons & Buraimo (2005) and Di Domizio (2010).

This observation is particularly relevant to Tour de France race organiser

ASO. Because all of the scheduling specific variables are completely under their

control, manipulation of these variables can stimulate TV viewing figures. To this

end, the ASO does indeed carefully plan important stages as much as possible at

the weekend or, for instance, on the French national holiday (July 14) and avoids

17

scheduling one of the obligatory two rest days on a day with huge viewing

potential. Viewer specific independent variables are theoretically out of the

control of the race organiser. Still, by hyping certain stages, by inviting more

teams or riders from countries with high Tour de France TV ratings or by

stimulating the presence of a superstar, as was the case with the Armstrong

comeback in 2009, even some of these variables are to a certain degree

manipulable.

Table 3 displays the results of our final estimates. The complete model

explains almost 80% of the variation in the average audience and over 70% of the

variation in the peak audience. The difference in explanatory power is

understandable if we take into account the more erratic viewing behaviour of the

occasional Tour de France viewer. Other viewing determinants, more difficult to

model, are probably of greater importance to them than to the avid cycling fan.

Insert table 3 about here

Coefficients in table 3 indicate the change in viewership from the

reference scenario: a flat stage on a weekday during the first week under normal

weather conditions with outcome uncertainty and patriotism variables set equal

to zero. An average audience of about 320,000 viewers and a peak audience of

about 610,000 viewers can be expected in this reference situation.

Mountain stages significantly increase TV audiences, but the effect is

much more important for stages through the Alps and the Pyrenees than for

stages crossing less spectacular mountain ranges. Finishes on a mountain top

increase TV audiences even more, but the importance is smaller than expected.

Individual and team time trial stages affect Tour de France viewership negatively.

We believe the absence of a clear man-to-man battle and the more technical

nature of this type of cycling race is largely responsible for this result. A

mountain time trial stage has no significant viewership impact, the mountainous

nature of the stage partially offsetting the lack of any man-to-man action.

18

Most of the stage date variables turn out to be strongly significant,

although in the peak audience model this significance is lower for almost all of

the variables. The results indicate that TV interest increases strongly in the

second and third week of the Tour de France, on a national holiday and during

the weekend, the Sunday effect being about twice as important as the Saturday

effect. Unexpectedly, no opening stage effect was detected. This is a puzzling

result because the start of the Tour de France is always much hyped in advance

and the stage is held on a Saturday. The highly significant and extremely large

increase in TV audience for the closing stage to Paris is remarkable too, because

this stage has little or no value from a sporting point of view. The stage basically

boils down to a long parade of the peloton through the streets of Paris. Beauty

shots of Paris are mixed with images of cyclists having fun with each other. Only

in the final kilometres of the stage, the victory is heavily contested, usually

through a bunch sprint finish. In contrast to our a priori expectations, this stage

is highly appreciated by cycling fans and by the general public. We think this may

be the result of the stage being considered by many people as some sort of Tour

de France alternative to an Olympic Games closing ceremony. The show aspect

of the stage and the entertainment value are apparently found to be much more

important than the competition.

A tour passage in the Northern part of Belgium has about the same

considerable impact on TV audiences as the closing stage to Paris. This is an

interesting result because it shows that in contrast to what is the case in many

other sports, there is no crowding-out effect in cycling. Live attendance and TV

viewing are complementary goods instead of substitutes.

After controlling for the stage type and stage date characteristics, it is

possible to test the net impact of outcome uncertainty and patriotism on Tour de

France TV demand. All three outcome uncertainty variables are highly significant

in both specifications of the model. As expected, suspense stages do attract a

large number of extra viewers, while too much dominance reduces the audience.

The Armstrong comeback created the extra interest TV channels hoped for, but

19

the effect is much more pronounced in the peak audience analysis, suggesting the

appeal of Armstrong extends well beyond traditional cycling enthusiasts.

Tour de France TV viewership is clearly driven by elements of patriotism

too. It is not so much the presence of many national heroes, but rather national

success that is readily reflected in higher TV audiences. Our results show the

good results of the Belgian cyclist Jurgen Van Den Broeck in the 2010 Tour de

France led to a substantial increase in Flemish average and peak audiences.

Patriotism especially creates extra interest from occasional Tour de France

viewers, Belgian success being the second most significant variable in the peak

audience regression. We also find the withdrawal of Belgian superstar Boonen

from the 2008 Tour de France had a significant negative impact on the average

audience but, to our surprise, not on the peak audience.

We were particularly interested in testing the often raised statement that

doping hurts the popularity of cycling. This appears not to be the case with the

Belgian cycling fans. The average audience for Tour de France stages is hardly

affected by the release of doping news. An indication of some negative impact is

found, though, when analysing the peak audience regression results. The

coefficient, marginally insignificant, signals a small drop in the general interest in

Tour de France viewing for the first stage following the release of cycling-related

doping news. But other regressions, not reported here, showed that this small

effect lasts no longer than a day. We can therefore safely conclude that doping is

almost irrelevant to Tour de France TV viewing in Flanders.

Note also the high significance of weather-related variables. This showes

that an important part of viewing behaviour is still driven by outside factors, not

race-related and totally out of the control of the race organisation.

6. CONCLUSION

In this study two measures for television demand for Tour de France

stages are used. The average audience mainly reflects the interest on the part of

true cycling fans who prefer to watch every minute of a broadcast, while the peak

20

audience also measures the importance of occasional and social watching. Using a

multiple linear regression model we are able to explain almost 80% of the

variation in average TV audience and over 70% of the variation in peak audience.

Most of the variables have similar levels of significance in both model

specifications.

The OLS regression results indicate that stage characteristics are the main

element in explaining Tour de France TV audience. Almost 65 % of the variation

is determined ex ante by the Tour de France route, as it is designed many months

before the race is actually held. The model shows mountain stages and weekend

stages boost TV interest significantly, while time trial stages lead to an important

drop in TV viewership. The study supports the idea that a well-chosen profile of

stages is crucial when trying to maximize Tour de France TV viewership.

Only on a much smaller scale Tour de France viewership is influenced by

race circumstances and viewer related variables. Stages that are potentially

important to the overall Tour de France win create a significant extra level of

interest, while the defending Tour de France winner dominating the new Tour de

France by winning multiple stages affects viewership negatively, although this

decline in viewership is only of real importance when claiming at least three stage

wins. There is also evidence of a relevant patriotism effect. Good results by

Belgian cyclists are reflected in higher TV ratings. The model indicates superstar

effects are important too. The absence of Belgian superstar Tom Boonen in the

2008 Tour de France because of assumed cocaine abuse reduced viewership

significantly while the Tour comeback of Armstrong in 2009 and 2010 had the

opposite effect. Finally, our results suggest that doping issues are of little

importance to the Flemish cycling fan. The release of cycling-related doping news

doesn't have a significant impact on the average TV audience. There is some

evidence, though, of a slight reduction in the peak audience, pointing to a

temporary small drop in the general interest in cycling because of doping.

This study is the first to use stage level viewership data for televised

cycling. More research is needed to evaluate the robustness of the basic findings

of this paper. As a start, we suggest two future research opportunities. First, a

21

comparative study using viewership data from other countries could question

differences in viewing determinants for cycling across countries, putting for

instance popular belief in French patriotism and a strong German anti-doping

attitude to the test. Second, Tour de France viewership could be compared with

viewing patterns for the other two cycling grand tours: the Giro (Tour of Italy)

and the Vuelta (Tour of Spain). The all-absorbing media attention the Tour de

France generates makes the Giro and the Vuelta look for means of clearly

distinguishing themselves so as to attract a larger TV audience, for instance by

scheduling spectacular stages on steep mountain passes or gravel roads.

The results of this study are relevant to most stakeholders concerned.

Forecasts based on the model can aid the ASO in scheduling a Tour de France

route that maximizes viewing potential and local or national governments in

adequately assessing the promotional impact of televised cycling. It also helps

television companies to properly value a particular broadcast and it is useful to

cycling teams and their sponsors for decisions on team selection and race

strategy. Unfortunately, research in this field is still very much hindered by the

lack of detailed data. We therefore invite television broadcasters and race

organisers to share their viewership data and team up with researchers to further

explore the determinants of TV viewership for cycling.

Acknowledgements I am extremely grateful to Lotte Vermeir, Giovanni Van De Velde and Leon Beerendonk for their assistance in finding the necessary viewership data. I want to thank Mark Corner, Filip Van Den Bossche and the participants in the IASE/ESEA Conferences on Sports Economics (Prague, 2011) and the HUB seminar (Brussels, 2011) for their helpful comments on earlier drafts of this text. 1 Amaury Sport Organisation. ASO also organizes other sports events like Paris-Roubaix (cycling), the Dakar rally (endurance off-road motor sports), the Marathon International de Paris (athletics) and the Open de France (golf). 2 Directeur sportif is the French word for team manager. Many of the specialized terms within cycling are French. 3 According to Buraimo (2008), Pacey & Wickham (1985) were the first to examine the link between game quality and television audience.

22

4 An analysis of the supply side is irrelevant here because all Tour de France stages are shown on television and there is no broadcaster's choice to be made. 5 The broadcasting rights fee for French television grew along with the popularity of the Tour de France: from only 250,000 € in 1986 to 23 million € in 2009. This fee includes the rights to all ASO organisations. 6 The significant promotional value for tourism is also reflected in the number of cities willing to pay between 50.000 and 100.000 € for hosting a Tour de France stage start or finish. Every year, over 200 cities are candidates while there are only about 20 to 25 available slots. 7 Peloton is the word used for describing a group of cyclists packed together. Because of the slipstream-effect and being sheltered from the wind, riding in a peloton is a lot easier than riding alone resulting in a much higher pace. 8 In contrast to stages ridden collectively, during time trials spectators have the opportunity to watch all riders one by one. For this reason time trials usually do attract a large live public along the route. 9 This colour refers to the origin of the race, the organising newspaper printed on yellow pages. 10 Some partial information is available though. On average 60.000 to 70.000 Dutch cycling fans watched the first 8 stages of the 2011 Tour de France on Flemish television, which is about 10% of all Dutch people watching the Tour de France (www.kijkonderzoek.nl). 11 The real reason for this drop is without doubt much more sport related than doping related. Just as tennis in Germany lost its appeal after the Becker and Graf era, the dramatic fall in interest in cycling in Germany is probably primarily due to the retirement of German cycling superstar Jan Ullrich. 12 Note that the first Tour stages ever shown on television (see section 3) correspond with the now most popular stages, suggesting that as early as the 1940s and 1950s French television was well aware of what stages had the biggest viewing potential.

23

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Figure 1: Minute-by-minute TV audience (in 000) for a typical Tour de France stage (Dutch television)

Tour de France 2011, stage 8 (July 9)

Date: 09-07-11 17:30 17:20 17:10 17:00 16:50 16:40 16:30 16:20 16:10 16:00 15:50 15:40 15:30 15:20 15:10 15:00 14:50 14:40 14:30 14:20 14:10 14:00

1,500

1,400

1,300

1,200

1,100

1,000

900

800

700

600

500

400

300

200

100

0

17:03

1,549

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Figure 2: Variables influencing viewing figures for Tour de France stages

Viewing figures for Tour de France stages

Scheduling specific variables

• Stage type

• Stage date

• Stage place

Viewer specific variables

• Outcome uncertainty

• Patriotism

• Doping

• Substitute activities

Sport-related

variables

Non

sport-related

variables

26

Table 1: Description of the independent variables

Variable

Expected sign

N or mean

Description

Stage type variables

High mountain stage + 74 Dummy, 1 for a mountain stage through the Alps, the

Pyrenees or on Mont Ventoux Low mountain stage + 7 Dummy, 1 for all other mountain stages Stagefinish on mountain top + 47 Dummy, 1 if stage has a mountain top finish Individual time trial stage - 36 Dummy, 1 for an individual time trial stage Team time trial stage - 6 Dummy, 1 for a team time trial stage Mountain time trial stage ? 2 Dummy, 1 for a mountain time trial stage Stage date & stage location variables Holiday July 21 + 8 Dummy, 1 for a stage on July 21 Holiday July 11 + 8 Dummy, 1 for a stage on July 11 Opening stage + 14 Dummy, 1 for the opening stage Closing stage + 14 Dummy, 1 for the closing stage Weekday second week + 56 Dummy, 1 for a weekday stage in the second week Weekday third week + 58 Dummy, 1 for a weekday stage in the third week First Sunday + 14 Dummy, 1 for a stage on the first Sunday

Mid Saturdays + 42 Dummy, 1 for a Saturday stage, excluding the opening

stage

Mid Sundays + 28 Dummy, 1 for a Sunday stage, excluding the first Sunday

stage and the final stage Belgian North passage ? 6 Dummy, 1 if stage crosses the Northern part of Belgium Belgian South passage ? 7 Dummy, 1 if stage crosses the Southern part of Belgium Outcome uncertainty variables

Dominance - 4,9 Equals the squared number of stagewins obtained so far in this year's Tour de France by the Tour de France winner of the previous year

Suspense stages + 20 Dummy, 1 for all third week mountain stages and time trial stages with at the start at most 90 seconds of time difference between the top 2 riders in the general classification

Armstrong comeback + 42 Dummy, 1 for all 2009 and 2010 Tour de France stages Patriotism variables Belgian participants + 10,8 Equals the number of Belgian riders (still) in the race

Belgian success + 39 Dummy, 1 for all stages with a Belgian cyclist wearing a

leader's jersey Boonen absent in 2008 - 21 Dummy, 1 for all 2008 Tour de France stages

Van Den Broeck 2010 + 13 Dummy, 1 for 2010 Tour de France stages in which

Jurgen Van Den Broeck was a top 10 contender Other variables Rain + 119 Dummy, 1 for a rainy day

Temperature + 14,3 Equals the squared difference in temperature from 25 degrees Celsius if the difference is at least 5 degrees, 0 otherwise

Wimbledon - 3 Dummy, 1 for stages broadcast simultaneously with a Wimbledon match involving Kim Clijsters or Justine Henin

Doping - 35 Dummy, 1 for stages following the release of cycling-

related doping news

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Table 2: Most and least watched Tour de France stages on Flemish television (1997-2010) Date Stage Viewers Type of stage Average audience 01. 22/07/2010 Stage 17 Pau > Col du Tourmalet 816,066 Mountain stage with top finish 02. 11/07/2010 Stage 8 Station des Rousses > Morzine 801,965 Mountain stage with top finish 03. 21/07/2003 Stage 15 Bagnères-de-Bigorre > Luz-Ardiden 785,986 Mountain stage with top finish 04. 16/07/2000 Stage 15 Briançon > Courchevel 785,528 Mountain stage with top finish 05. 13/07/2003 Stage 8 Sallanches > Alpe-d’Huez 735,163 Mountain stage with top finish 06. 21/07/2001 Stage 13 Foix > St-Lary-Soulan 731,054 Mountain stage with top finish 07. 15/07/2000 Stage 14 Draguignan > Briançon 715,373 Mountain stage 08. 23/07/2007 Stage 15 Foix > Loudenvielle 713,597 Mountain stage 09. 18/07/2006 Stage 15 Gap > Alpe-d’Huez 708,182 Mountain stage with top finish 10. 25/07/2009 Stage 20 Montélimar > Mont Ventoux 704,669 Mountain stage with top finish

... 287. 02/07/2005 Stage 1 Fromentine > Noirmoutier-en-l’île 252,255 Individual time trial 288. 06/07/2003 Stage 1 St.-Denis > Meaux 251,894 Flat stage 289. 07/07/2004 Stage 4 Cambrai > Arras 245,155 Team time trial 290. 10/07/2002 Stage 4 Épernay > Château-Thierry 240,356 Team time trial 291. 08/07/2002 Stage 2 Luxembourg > Saarbrücken 236,861 Flat stage 292. 05/07/2004 Stage 2 Charleroi > Namur 235,518 Flat stage 293. 09/07/2003 Stage 4 Joinville > St.-Dizier 232,018 Team time trial 294. 08/07/2006 Stage 7 St.-Grégoire > Rennes 231,702 Individual time trial 295. 08/07/1997 Stage 3 Vire > Plumelec 227,585 Flat stage 296. 01/07/2006 Prologue Strasbourg 215,488 Individual time trial Peak audience 01. 24/07/2005 Stage 21 Corbeil-Essonnes > Paris 1,264,183 Final stage 02. 29/07/2007 Stage 20 Marcoussis > Paris 1,240,506 Final stage 03. 22/07/2010 Stage 17 Pau > Col du Tourmalet 1,205,947 Mountain stage with top finish 04. 25/07/2009 Stage 20 Montélimar > Mont Ventoux 1,135,687 Mountain stage with top finish 05. 25/07/2010 Stage 20 Longjumeau > Paris 1,126,344 Final stage 06. 11/07/2010 Stage 8 Station des Rousses > Morzine 1,125,280 Mountain stage with top finish 07. 10/07/2007 Stage 3 Waregem > Compiègne 1,121,872 Flat stage / Flanders 08. 21/07/2003 Stage 15 Bagnères-de-Bigorre > Luz-Ardiden 1,101,249 Mountain stage with top finish 09. 16/07/2000 Stage 15 Briançon > Courchevel 1,094,023 Mountain stage with top finish 10. 23/07/2007 Stage 15 Foix > Loudenvielle 1,062,623 Mountain stage

... 287. 04/07/2000 Stage 4 Nantes > St.-Nazaire 428,741 Team time trial 288. 07/07/2007 Prologue London 428,536 Individual time trial 289. 03/07/2004 Prologue Liège 419,857 Individual time trial 290. 03/07/1999 Prologue Le Puy-du-Fou 418,584 Individual time trial 291. 07/07/2004 Stage 4 Cambrai > Arras 414,483 Team time trial 292. 08/07/1997 Stage 3 Vire > Plumelec 400,970 Flat stage 293. 11/07/1998 Prologue Dublin 396,742 Individual time trial 294. 10/07/2002 Stage 4 Épernay > Château-Thierry 396,317 Team time trial 295. 09/07/2003 Stage 4 Joinville > St.-Dizier 349,272 Team time trial 296. 01/07/2006 Prologue Strasbourg 303,820 Individual time trial

28

Table 3: OLS regression results: estimates of average and peak TV audiences

Average audience Peak audience

coefficient t-statistic coefficient t-statistic (Constant) 319,570 16.43*** 613,865 19.39*** Stage type variables High mountain stage 126,421 9.92*** 121,384 5.85*** Low mountain stage 48,404 2.01*** 72,877 1.85*** Stagefinish on mountain top 24,333 1.76*** 49,113 2.18*** Individual time trial stage -34,355 -2.39*** -77,477 -3.31*** Team time trial stage -79,690 -3.12*** -179,232 -4.31*** Mountain time trial stage 38,833 0.88*** 62,055 0.86*** Stage date & stage location variables Holiday July 21 94,287 4.10*** 126,992 3.39*** Holiday July 11 31,620 1.44*** 77,406 2.17*** Opening stage 1,806 0.08*** -27,263 -0.76*** Closing stage 189,724 10.34*** 313,881 10.51*** Weekday second week 39,799 3.27*** 38,228 1.93*** Weekday third week 46,438 3.56*** 29,077 1.37*** First Sunday 46,197 2.58*** 72,588 2.49*** Mid Saturdays 63,934 4.74*** 83,038 3.78*** Mid Sundays 122,853 8.28*** 133,386 5.52*** Belgian North passage 171,132 6.67*** 280,082 6.70*** Belgian South passage 40,775 1.68*** 44,856 1.14*** Outcome uncertainty variables Dominance -2,186 -4.23*** -1,871 -2.23*** Suspense stages 53,483 3.28*** 90,688 3.42*** Armstrong comeback 33,215 2.63*** 118,198 5.75*** Patriotism variables Belgian participants 994 0.67*** -6,286 -2.61*** Belgian success 35,965 3.10*** 136,337 7.22*** Boonen absent in 2008 -34,991 -2.40*** 18,547 0.78*** Van Den Broeck 2010 62,263 2.97*** 82,817 2.43*** Other variables Rain 34,204 4.56*** 36,001 2.95*** Temperature 853 5.94*** 1,080 4.62*** Wimbledon -103,718 -2.94*** -47,725 -0.83*** Doping -5,426 -0.50*** -27,577 -1.55*** N = 296 N = 296

R2a = 0.77 R2a = 0.71 *** significant at 1% level, ** significant at 5% level, * significant at 10% level