2008 will be a difficult year for large sections of the mainstream or traditional media. As noted by Michele Gershberg her GlobeandMail.com Technology column today, (U.S. media face troubling 2008) the shift in ad budgets from traditional mass broadcasts to the behavioural and referential targeting of search poses a deeper threat to the mainstream media in 2008.
Already hit hard by declines in classified advertising revenues, the print media is preparing to take even heavier losses as advertisers move their money to opportunities found in organic and paid search.
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Leading media executives and sports commissioners will discuss their strategies at the Reuters Media Summit in New York from Nov. 26 through Nov. 29.
Experts say advertisers need to remain competitive in a tightening market while keeping costs down, making them likely to boost spending in areas more directly linked to commerce, such as Web search queries.
That would benefit companies like Google Inc., Amazon.com Inc. and eBay Inc. But television networks like CBS or NBC and Web companies like Yahoo Inc. that rely on brand advertising could suffer.
“We see continued strength in paid search and continued strength in retail e-commerce, and possibly an acceleration of online video,” said Sanford C. Bernstein analyst Jeffrey Lindsay.























