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Archive for May 8th, 2007

Advertising Spend Imbalance: TV Versus Internet

Tuesday, May 8th, 2007

I looked in today’s online Wall Street Journal and they still have posted in their Ecommerce/Media section the May 15, 2006 article TV + The Web = ? (subscription required) which quantifies facts that we have known for some time: Americans are surfing the web more than they are watching TV. Even though a year old, the article is still featured because we reached a key milestone which begs the question: If people have migrated from TV to the web, then why do advertisers continue to spend the majority of their budgets on TV while only a small percentage goes to web? There is still a lot of figuring out to do and it is not obvious where on the internet advertisers should invest; however, savvy advertisers are investing and learning and those that learn the fastest and execute first will win. The ones who sit back and wait for a clear model will find it hard to catch the early adopters.

I produced an audio documentary on the history of media my podcast New Media Currents which shows that the pace of technological and social change continues to increase at an exponential pace. Early adopters used to be considered money wasters and it might still be true that you should wait before buying the latest desktop software; however, when it comes to finding avenues to effectively sell the core competencies of your company, you should not wait. You should be learning as much as possible and executing your strategy. It’s a matter of survival.

Blogging Again

Tuesday, May 8th, 2007

I’m back and blogging again. It’s like working out, sometimes you get busy and fall out of the habit. In this case I got out of the habit after moving to a new data center as customers are demanding greater uptime for serving podcasts and video podcasts. We migrated everything starting last fall and I didn’t get to fixing my blog for a while.

Lots of new things going on. I’ve been speaking at conferences, specifically Social Media 2007 in Atlanta and Chicago. Now I’m speaking at PR Online Convergence 2007 on May 16 – 18 in Hollywood, CA. If all goes well, we will have podcast highlights from this conference available at www.newmediacurrents.com. There are also some podcasts from the Web 2.0 conference April 15 – 18 in San Francisco that are being edited and will be up soon – subject matter is corporate use of new media, including an interview with Robert Scoble. I also obtained permission to record a great conference track featuring P&G, Cisco, BEA, Social Text, and Intel where they talk specifically about how social media is being used in their organizations.