Thursday, October 29, 2009

 

Bringing advertising back to the future

There is a growing sense that advertising will soon be dead as a major way to fund news and many other content services. I suggest that reflects not the true direction of media technology, but just a temporary gap in such technology.

Today's conference on "Creating a New Model for News and Information" had a very interesting discussion by luminaries in the news business addressing the apparent reality that advertising could no longer support their media, and how new models are needed.

That is a major issue in the short term, but advertising will be reborn as a key source of funding as technology improves.

The problem is that current "new" media do not present ads in a way that effectively serves the reader. Screen real estate is limited, and there is no place to include ads that are rich and informative without seriously detracting from the content. But what is forgotten is that that will change, as technology improves.

Unlike Web pages, newspapers and magazines were able to present very compelling ads adjacent to content, without detracting from the content.
How will technology change that?
Once we have such screens, we can revive rich ads, plus add a new layer of personalized targeting that print media never had. When that happens, ads can be immediate, relevant, interesting, and informative -- more than ever. We will have targeting, immediate surface richness, and hyperlinked depth. With that, ad-funded distribution will again be a powerful engine for revenue -- and a desirable experience for users.

Of course the media need to survive in the short term with less (or no) advertising, but don't be blindsided when ads are reborn!

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