Media before message?

The IAB reports today that internet advertising spend has overtaken TV.

What a long journey it has been to get to this point. Personally, I think the final destination is much further (which tells us a lot about the future of TV - it will become a primarily on-demand medium, with broadcast merely a loss leading way to market its own content).

Of course, we don't spend as much time online as we do watching TV. But that's not the point. As a connection moment - in particular the ability to target and to engage - the internet is a superior medium.

Interestingly Nielsen data in the US shows that we increasingly consume several media at once - such as watching TV while online. That's certainly how most of the grocery shopping happens in my household. On those moments a relevant click is going to be far more effective than a haphazard TVC, no matter how great its production values.

But if we're making the right decisions with our investment of media time, are we getting the creative we deserve? How many ideas are still born as scripts? I bet it is more than 50%.

Newsflash 20:35, October 7
Three little updates hot on the heels of publishing this.
1) On 2nd October the Evening Standard announced it is to become a freesheet
2) Over the weekend it was confirmed that no-one is wants the TV rights to the England-Ukraine game, so it will be offered on internet pay per view only.
3) Yesterday the Economist told readers that it is to raise its 'paywall' - i.e. to restrict online access further in favour of paying subscribers.

The game is inconsequential and its a fire sale after the collapse of Setanta, so we should read little in to that: but its a precedent regardless. The Evening Standard's move (there's a whole backstory around London freesheets) is more interesting. They believe increased circulation is worth more in ad revenue than the loss in cover sales. I wonder, from an advertiser's perspective, whether this is true. More eyeballs may not be better eyeballs, so I'm not sure how much more I'd be willing to pay for them. Or maybe its just about increasing the number of advertisers, which merely dilutes the impact for each one. What's really fascinating is that this happens in the same week the Economist moves the opposite direction. All 3 moves are not entirely voluntary, but driven by financial pressures from the economic crisis. Strange, unpredictable, contrary forces.