These are great suggestions if you work for a TV station. I produce national and international press releases that will be played on a thousand DIFFERENT TV stations. I just need to know a good, uncompressed format.
The suggestions above are helpful, but they may not necessarily be correct.
Here's the ONLY way you're going to know for sure: find out the delivery specifications for your project and work backwards from there. You have to contact the ad distributor / broadcaster / advertising agency / editor.... whoever receives your work. Presumably, these people already know what they need from you. You need to find that out.
If you don't do that, you're only wasting your time.
The composition settings are not going to make a difference to your final product. You need to know what format the broadcast station requires, and that is the format you export your final output to. The composition settings for the duration of the work done to the project can depend on a whole range of factors - generally, from what I have seen, HDTV - 1080 25 (for my region of the planet that is!)
If you live in NTSC land then you should work in HD at 29.97 fps. If you work in PAL land then you should work in HD at 25 fps. In both regions the master composition should be 1920 X 1080 pixels.
For delivery you must talk to the broadcaster. Networks and TV stations are very picky about what format you use for delivery. They are very picky about what codecs are used, what the audio is set to, and what length a spot is. For example, in the US, the audio must be 28 seconds long for a 30 second spot.