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For advertisers willing
to adapt to today’s rapidly evolving environment,
there is good news.
Advertisers are faced with daunting new
realities when considering the various
media they might use to get their messages
across. Traditional media are losing control
over their audiences. That means that advertisers
can no longer feel secure that their ads
on TV, on the radio or in print are going
to receive mind share. Gone are the days
when television and radio programmers enjoyed
captive audiences who happily sat through
ad after ad, or planned their schedules
around favorite shows.
Consumers, especially
consumers in younger demographics, now
demand more and more control over what
they watch, read and listen to, and thus
more control over the advertising they
might be exposed to.
Never in history
have there been so many unique opportunities
for targeted marketing based on consumers’
tastes, interests, special needs and passions.
In fact, asking consumers to respond by
going to a specific web site page may finally
make advertising truly track able and results-based—long
the holy grail of marketers.
The business models
upon which most media have traditionally
run are becoming obsolete.
Media companies and
the advertisers that rely on them are being
forced to radically change to deal with
new technologies and new demands from consumers.
Rapid changes in
viewing habits are already occurring. Network
TV news, radio news and newspapers all
find that they have to compete fiercely
against Internet-based news content.
Globally, more and
more households are gaining access to the
Internet, creating even more opportunities
for online advertising, with an estimated
1.7 billion Internet users worldwide as
2010 began.
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