Top areas of ad spending declines, 2013

Traditional media took it on the chin in marketing plans researched by Aquent and the American Marketing Association (AMA). One in three marketers plans to decrease spending on newspaper advertising, making newspapers the big loser in the study. They were joined in the cellar by consumer magazines, radio, trade magazines and television, all of which were cited by more than 20% of respondents as targets of budget cuts. The winners? Mobile media, social media and marketing automation. More than three in four marketers plan to increase spending in those areas.


Perhaps marketers are simply reflecting the interests of the audiences they want to reach. Alan Mutter gathers some statistics that point to ominous demographic trends:

  • Only 6% of people in their 20s and 16% of 40-year-olds regularly read newspapers, compared to 48% of people over 65.
  • Only 29% of the U.S. population regularly read a newspaper in 2012, down from 56% in 1991.
  • Three-quarters of the audience at the typical newspaper is 45 years of age or older. In comparison, over-45s comprise only 40% of the population.
  • Print advertising still generates between 80% and 90% of revenues at the typical major metro daily.

Mutter asserts that newspaper publishers will never pull out of their tailspin unless they can create products that appeal to the new generation of digital natives who can’t be bothered to drag around paper, CDs or books. For them, the phone and the tablet are their windows on the world, and that will change industries ranging from news to travel to banking.


Plans to increase or decrease Facebook time in 2013There are always ways to make statistics say what you want them to say, of course. More people read a newspaper than visited a social network in the past month, according to KPMG International. Traditional electronic channels fared even better: 88% of respondents to the survey said they’d watched TV in the previous month and 74% said they’d listened to the radio. That compares to just 57% who had tweeted or Facebooked. The survey measured habits of more than 9,000 people in nine countries. It did not ask how much time respondents spent with each media.

There’s some evidence that the novelty of Facebook is wearing off. A new Pew Research study finds that 28% of Facebook users say the site has become less important to them, and a third have cut back on the amount of time they spend on Facebook. Asked about their plans for allocating time to Facebook in the coming year, 38% of 18-to-29-year-olds said they’ll cut back, compared to only 1% who plan to spend more time.


And speaking of Pew, another recent study finds strong support for a bastion of the print world: libraries. More than half of Americans 16 or older visited a library during the past year, and of those who did, 26% plan to increase library usage during the next year while 22% plan to cut back. Asked if libraries should clear out some of their book stacks to make way for more technical resources, 36% said definitely not, compared to 20% who supported such a change. It would appear that while print may be on the decline, the role of the library as a community gathering place is still secure for now.

Miscellany

Writing in Scientific American blogs, Frank Swain tells of  a new initiative by the Royal Statistical Society’s BenchPress project to teach young journalists how to interpret statistics. The program sends volunteer working scientists into schools and newsrooms across Britain to help ensure that “journalists produce science news stories that are as robust and accurate as possible.” This seems like a great idea to us. Any yahoo with a SurveyMonkey account and a mailing list can field a survey these days, and publishing tools make the results look like they came from Gallup. Scientists complain of having to squeeze the conclusions of complex research studies into tweetable sound bites in order to get attention – and more funding. There’s so much bad research out there, and statistics isn’t a core part of the curriculum at many journalism schools. Maybe it should be.


The Washington Post has come up with a “Truth Teller” app that compares statements made by public officials and corporate spokespeople to databases of facts in near real time. The project, which was funded with a $50,000 grant from the Knight Foundation’s Prototype Fund, is said to be able to extract audio, convert it to text and then conduct searches based upon the content. We’re somewhat skeptical, given that our Google Voice app still converts all our voice-mail messages to Martian, but maybe the Post found better technology.

The video below tells more, and stresses that this is a prototype. The technology is ultimately intended to be used behind the scenes to help reporters more quickly scope out falsehoods. We see huge potential for politics and mischief with this technology. Imagine a CNN vs. Fox “Leaderboard of Lies” or a plug-in that tweets falsehoods in real time. That we would follow.

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This entry was posted on Monday, February 11th, 2013 at 8:05 am and is filed under Advertising, Business News, Demographics, NewMedia, Newspapers, OnlineMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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