A system and method for operating an ad extraction and reconciliation system for a broadcast system includes an extraction manager module that receives an advertisement schedule for an advertisement from an ad sales module. The system also includes a controller module that receives broadcast channel schedule data for broadcast channel signal from a broadcast channel system and generating an advertising content data request signal for advertising content data including an advertisement content identifier for the advertisement. The ad extraction manager module forms an advertisement insertion schedule having advertisement content identifier and an advertising insertion spot associated with the advertising content identifier. The controller communicates the advertisement insertion schedule to a broadcast scheduling system. The system also includes an as-run manager module that receives as-run data including the advertising identifier and a run time of the advertisement after the advertisement was inserted into the broadcast channel signal according to the broadcast scheduling system at an automation system.