How the Future of Mobile Looks Like the past of TV for Advertising
December 15, 2016
The article titled How Mobile Today Is Like TV Six Decades Ago on The Atlantic explores the radical changes in advertising in the last five years. The era of advertising through newspapers, magazines, TV, and radio is effectively over, replaced by digital advertising, which is almost exclusively mobile. That mobile content is split between Facebook and Google. Those two giants account for half of all digital media advertising. The article explains what this means for news,
For newspapers, magazines, and websites, there are several paths forward. First, billionaires can rescue media organizations from the stormy seas of the mobile Internet and fund journalism that the ad market won’t support. Second, companies like Facebook may determine that it is in their own interest to preserve some news and entertainment publishers, and they will directly pay media companies, the same way cable companies pay carriage to television channels.
The article also considers a return to the subscription model, or companies shifting to event and marketing strategies for revenue. But any company that tries to ignore the seismic shifts in the news landscape is in for an abrupt and painful shock. The article preaches an optimistic approach based in the history of TV. News is here to stay, but how it is paid for and what the advertising looks like is going to change.
Chelsea Kerwin, December 15, 2016
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