Wednesday, March 3, 2010

If media is dying, why do you want a bigger TV?






(Play me.)

One of the great myths of our advertising generation is that traditional media is dying. Never mind that 30% of U.S. homes own four or more TV sets, or that the very bloggers who proclaim 30-second spots are dead also promote Panasonic high-definition televisions. Media is certainly shifting, but it's an additive landscape -- because new communication tools are overlaying old media, not replacing it.

Forrester analyst Josh Bernoff said this week that social media may be boosting television ratings, as consumers find new impetus to tune in to community events. Ratings are up in 2010 for the Grammys (26 million viewers this year vs. 19 million last), the Golden Globes (up 14%), and the Super Bowl (at 106 million viewers on CBS in January, it was the most-watched TV event of all time). Media is additive because consumers are learning to do two things at once; Nielsen reports that 13% of viewers of the Olympics' opening ceremonies were also online typing away on Twitter or Facebook.

There is no question that the currency of advertising impressions is becoming devalued, and thus marketing is more challenging, but it's a reset -- not a vaporization. This week we discussed where all media is going with the verbally elegant Angela Natividad and ideation guru Bill Green on the AdVerve podcast.

3 comments:

Rich said...
This comment has been removed by the author.
mtlb said...

Thanks Rich. I think we tried to only focus on the news angle and the notion that media relative to traditional publishing was undergoing major change.

Angela Natividad said...

A funny aside: after becoming Desperate Housewives addicts via Hulu, a former roommate and I went out and bought a TV so we wouldn't have to deal with being a day behind. Statistics at the time reflect we weren't alone in doing that: the internet's become a good way to get to know a show, but TV's still the medium of choice for anticipating, then sitting back and relaxing to, hot and fresh new episodes.