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News | The Evolution of Digital Media Ads

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The Evolution of Digital Media Ads

239 Views / News Story by Advert On Click / 13 May 2024
Source: cmswire
The Evolution of Digital Media Ads

The idea that the decline of print media might fuel a resurgence in digital advertising is based on several key market trends (print media is dwindling, former print media publishers are turning to digital media) and consumer behavior shifts (people are consuming more digital media).

As print media — essentially newspapers and magazines — faces challenges such as decreasing circulation numbers and advertising revenues, businesses and advertisers are increasingly turning to digital platforms to reach their target audiences. While the decline of print media may seem like a loss for traditional forms of advertising, it represents an opportunity for digital advertising to flourish.

This article examines the decline in print media and looks at how advertisers and marketers are making the transition to online media.

The Death of Print Media?

Liam Wilson, editor-in-chief of Lottery ‘n Go, an online source for lottery guides, advice, and strategies, told CMSWire that advertisers follow eyeballs and those eyeballs are increasingly glued to screens. "Print loyalists tout the inherent trustworthiness of tangible media, and there's validity there. But digital natives are growing more discerning by the day." 

Hardly a new phenomenon, print media has been in decline for some time now, with more recent losses and reductions in print editions including the following magazines and newspapers:

So many print publications have ceased publishing a print version that they have been included on the Wiki pages for both defunct magazines and newspapers. The progressive decline of print media has been influenced by a convergence of technological, cultural and economic factors. This shift has been unfolding over several decades, fundamentally altering the landscape of information dissemination and consumption, largely based on:

Despite these challenges, print media is not yet extinct. “COVID accelerated the print exodus, but it's not the sole culprit,” said Wilson. “The transition was already well underway. Now it's about who can build the most compelling digital destination.” Niche publications and books, for example, continue to have a dedicated readership that values the tactile experience and perceived authenticity of physical media. Additionally, concerns over digital privacy, information overload, and the desire for in-depth, well-researched content have led some consumers to maintain or renew their appreciation for print.

“The big challenge is not just trying to replicate print's credibility in the digital age; it’s also about reinventing it for this new medium and generation,” said Wilson. “That means innovating beyond irritating banners and pop-up ads.”

The narrative that print media has merely "died" in the face of its decline is overly simplistic and overlooks the dynamic evolution it has undergone into the digital realm. Many traditional newspapers and magazines, for instance, have found new life online, offering digital editions that extend beyond the written word to include multimedia enhancements such as video and interactive graphics. 

Robert Brill, CEO at Brill Media, a digital advertising agency, told CMSWire that print advertising in 2024 is just 2% of all U.S. ad spending. "Print has been in decline since digital media became an integral part of the way people consume media. In particular, print took a dive around The Great Recession as people looked to cut costs,” said Brill. “Print ad expenditure in the US fell 21% (IBIS) in 2009 and just never recovered. Ad revenues fell, making it hard for publishers to be profitable, which further limited the ability to support print publications with content and journalism.” Brill said that coming out of The Great Recession, print experienced a downward spiral. “Thus, we have news deserts in 2024 with few publications, a lack of journalists to cover local news, with AI and syndicated news taking the place of real local news coverage. Overall, print is on its last breaths."

As Brenda Christensen, CEO at Stellar Public Relations, Inc., a Fort Myers, Florida-based public relations firm, reminded us, the idea that print media is dead is not new, and brings to mind Andy Rooney's 1983 Society of Professional Journalists (SPJ) conference declaration that "journalism is dead." Although print media may be dying out, journalism is not going anywhere. Christensen told CMSWire that from the recession-induced decline of print in the '90s to the post-2000 tech media collapse and the 2010 downturn affecting traditional magazines, each cycle heralded a shift toward new platforms, like Buzzfeed. 

This digital shift has also democratized content creation, leading to the rise of blogs and vlogs, where individuals and former print journalists alike share their insights and stories with global audiences. Parallel to this, podcasts have emerged as a popular audio counterpart to written articles, engaging listeners with in-depth discussions and narratives that mirror the contemplative nature of reading. 

"Today's move towards social media and AI marks journalism's next evolution," said Christensen. "Journalism, in its traditional form, may seem obsolete, but it's merely transitioning to a new phase driven by AI and machine learning (ML). In essence, journalism continually reinvents itself to adapt to new technologies." This is good, because as long as journalism survives in one form or another, advertising will be there, albeit in a new medium or format.

Rather than witnessing the death of print media, we are experiencing its metamorphosis across a spectrum of digital formats — each continuing the fundamental mission of informing, entertaining, and provoking thought among audiences worldwide. This evolution illustrates not an end but a transition, highlighting the resilience and adaptability of media in the digital age.

“The future of publishing is clearly digital, not only for marketers and advertisers but also for the PR sector," said Karolina Króliczek, CEO of PR Insight, a bilingual Polish-English PR agency based in London. “With the ability to measure results, it is the client who often demands reported outcomes, which is often not possible with print media. Print media are not just dying because they struggle to secure advertorials; they are declining because the ability to measure influence is quite limited compared to what digital advertising and even digital PR offer.”

Related Article: Google Ushers in New Age of AI Driven Advertising: What Marketers Need to Know

Print Media Advertising

In recent times, though the volume of print advertising has diminished in the face of digital competition, it hasn't disappeared. Niche and specialty publications continue to serve as valuable platforms for reaching particular demographics, especially for luxury brands that value the tangible and prestigious nature of print. Even as its role evolves, print advertising maintains its unique value, adapting through innovative formats and strategies to retain relevance in a rapidly changing media landscape.

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Print media marketing has evolved significantly from its inception, adapting to changes in technology, consumer behavior and market dynamics. Initially, marketing through print media was a straightforward affair, predominantly using newspapers and broadsheets to reach potential customers. 

In recent years, print media marketing has continued to adapt, focusing on its strengths — tangibility, credibility, and the ability to deliver detailed, immersive content. Innovations such as QR codes, augmented reality (AR), and personalized direct mail campaigns have bridged the gap between print and digital, offering interactive experiences to engage consumers. While its role in the overall marketing mix has changed, print media marketing remains a valuable tool for certain objectives and target groups, proving that even in a digital age, the physical medium holds unique advantages that can complement broader marketing strategies.

The Move From Print to Online Media

The transition from print to online media represents one of the most significant shifts in the history of information dissemination and advertising. This move encompasses not only the way content is consumed but also how it's created, distributed and monetized. The advent of the internet and digital technologies in the late 20th century laid the groundwork for this transition. The development of web browsers and the widespread availability of personal computers made accessing online content easier and more appealing. Over time, the proliferation of broadband internet and the advent of smartphones and tablets significantly accelerated the consumption of digital media, offering unparalleled convenience, speed and accessibility.

“Consumers read digital news, but the margins are smaller as ad spending that used to go to publications now go to Meta and Google, which collectively represent 45% of all US ad spending in 2024. As a result of all these changes, former print publications are focusing on subscriptions, ad supported revenue, custom reports, and monetizing their community through events,” said Brill. “But, there are headwinds on the subscription front as well. TechCrunch recently shuttered their subscription product, which comes with layoffs. Time and Quartz recently ended their subscription products. Business Insider and Gannett created more flexible access options for consumers, which also lowered revenue to publications.”

Online platforms provide a more engaging and immersive experience, integrating text, images, video, and audio in ways that print media cannot. The rise of social media has further changed how content is consumed, shared, and discussed, fostering communities around interests and topics. These platforms have become primary sources of news, entertainment, and social interaction for many users, particularly younger generations. 

“For consumers it's more expensive to access high quality journalism, and it's harder than ever to find local news,” said Brill. Unfortunately, this has increased the so-called digital divide, leaving many readers who can’t afford to pay for high-quality journalism to use less-reliable and honest news sites, leading to a rise in fake news and deep fake media.

For publishers, the move to online media has meant adapting to a new business model. While print media relied heavily on subscription fees and advertising revenue, online media has diversified income streams through digital ads, paywalls, sponsored content and subscription services. The transition has not been without challenges; the abundance of free content online has made monetizing digital media difficult, and the competition for advertising dollars is fierce, especially with the dominance of tech giants such as Google and Meta in the digital ad space.

Advertisers, on the other hand, have embraced online media for its targeting capabilities, real-time analytics, and the ability to engage directly with consumers. Digital platforms offer detailed insights into user behaviors and preferences, allowing for more personalized and effective advertising campaigns. However, this shift has also raised concerns about privacy, data protection and the ethics of targeted advertising.

“For advertisers, the move to digital media was incredibly valuable. The rise of automated ad buying, paired with consolidation among the big walled gardens (Meta, Google, Amazon, Roku, etc) make it easier to reach customers and drive sales.” said Brill.

The Challenges of Online Media vs. Print

The transition from print to online media has revolutionized the way we consume information, offering unprecedented access and interactivity; however, this shift has also introduced a unique set of challenges for publishers, advertisers and consumers alike. These challenges highlight the differences between the two mediums and underscore the complexities involved in the digital transformation of media.

For publishers, several issues became prominent, including monetization, content proliferation and saturation, quality and credibility, and technological adaption:

For advertisers, finding advertising methodologies that are both effective and tolerable to consumers has been challenging, along with issues such as ad-blocking software, ad fraud and consumer privacy concerns:

Publishers, advertisers, and consumers must navigate these challenges, balancing the benefits of digital transformation with the issues of monetization, credibility, privacy and technological change. The evolution of online media continues to shape the landscape of information and advertising, requiring ongoing adaptation and innovation to address these complex challenges. “The landscape will continue to experience significant transformations, with Gen Z and the following generations showing diminishing interest in traditional news formats,” said Christensen. “The future lies in AI-driven, personalized content that caters to individual preferences and behaviors.”

Additionally, all of this doesn’t mean that all is well in digital print land. Amazon recently announced that its Kindle magazine and newspaper subscription service is no longer operative. In spite of the fact that many of the magazines that were previously in print have moved to a digital format, the number of consumers that wish to subscribe to these digital counterparts is still limited. If you asked 100 people if they prefer a print magazine or the digital version, the majority would still say they prefer the actual printed magazine — a format they can take with them on the subway on the way to work, or even to the bathroom — without requiring the use of technology. 

Final Thoughts

The shift from print to online media has ushered in a transformative era, impacting the way information is created, disseminated and consumed. While this transition presents a myriad of opportunities, it also introduces significant challenges that must be navigated. Publishers grapple with monetization models and content saturation, advertisers face privacy concerns and ad fraud, and consumers navigate information overload and the digital divide.

Ultimately, the future success of online media hinges on striking a balance between embracing technological advancements, safeguarding credibility and trust, respecting user privacy and continuously adapting to the ever-increasing prevalence of digital media.

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