All The World's A Circ.us

Misleading Information About New Media Used To Help Pay For Fogies’ Martini Lunches

Posted on August 8, 2007

I just read an article in MediaPost entitled, “Time Spent With Media Falters, Digital Spawns Shorter Attention Spans”  that covers a study by Veronis Suhler Stevenson’s Communications.

My first question is, who commissioned this report?

Highlights

I do not feel like paying two grand for this report so I am going to have to comment on MediaPost’s extractions. If anyone wants to send me the report for free, I promise to read it.

"For example, consumers typically watch broadcast or cable television at least 30 minutes per session, while they spend as little as five to seven minutes viewing consumer-generated video,"

Fine this may be true (to a degree), but what does this really mean? Is this something advertisers should fear?

  • Are modern consumers really glued to the TV for 30 minutes per session or are they getting up during commercials or just plain skipping them. Come on guys, this is total crap. If I am tied to the TV for 30 minutes it is because the show is 30 minutes long sans commercial

MediaPost then goes on to talk about how the study mentions a decline in ad supported media.

  • Ummm. Did they ever stop to think that this is due to the fact that much of the advertising is irrelevant and consumers have learned how to avoid ad supported media where possible?

Then they say that the share of time spent with "media supported predominately by consumers" rose to 46.2%.

  • I think the answer here is obvious. Advertisers, sponsor better content or learn how to operate in the new media ecosystem. Trust me, it can be done!

The report  postulates that we are becoming a less literate society due to the decline in print consumption

  • What does this mean? First of all, people do read text in the digital media space. Second, I would say that we are more media literate than ever before.

Why This Study Bothers Me

Not having the actual study I cannot tell if it is the study itself, or Mediapost’s analysis of the study that cooks my goose. Here is a direct quote from MediaPost:

“THE RAPID SHIFT OF CONSUMERS toward digital media options for news, information and entertainment is producing an unintended consequence for all of the industry’s stakeholders–especially advertisers: It’s reducing the amount of time people spend with media. For the first time in recent memory, the amount of time consumers spend with media has declined, according to the 2007 edition of an influential industry report, which forewarns that the efficiency of using digital media is the primary factor.”

Come on guys…

Perhaps we should try and stifle the growth of digital media so that lazy execs (I know a lot of people in traditional media that I respect and I am not pointing a finger at the industry, rather I am point a finger at those people who want to leave work at 3 to go play golf while the digital folks stay at the office until midnight trying to figure out the future of advertising and marketing) can continue to enjoy martini lunches and executive golf outings.

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5 Responses to “Misleading Information About New Media Used To Help Pay For Fogies’ Martini Lunches”

  1. Marc Cohen
    Aug 08, 2007

    The finding that consumers are moving away from ad-supported media to consumer media, has nothing to do with the quality of advertising in traditional media. It really describes (wrongly) the shift to digital media. Where are consumers shifting to? Places like YouTube. Through 2006, the period of this survey, YouTube was consumer supported. As we know, YouTube is becoming ad-supported. The consumer may get to new media first but advertisers will surely follow.

    Check out the Ad-Supported Music Central blog:
    http://ad-supported-music.blogspot.com/


  2. adam
    Aug 08, 2007

    Very good point Marc. I take this report with a grain of salt


  3. People Are Consuming Less Media? But What Does That Mean?…

    A new study finds that consumers are spending .5 percent less time annually with media this year than one year ago. But what does that mean? The study won’t really tell you definitively. It was from Veronis Suhler Stevenson, who……


  4. [...] Je partage l’avis d’Adam Broitman qui nuance les conclusions de l’étude VSS – du type nous allons vers une “less literate society”. Cependant les annonceurs investissent sur des mesures d’audience et des statistiques qui ignorent les particularités. Les études sont donc clé dans les processus d’investissement. [...]


  5. [...] Somehow, this group of rogue marketers longing for martini lunches had forged a report under McKinsey & Company’s name, stating that dollars were not moving towards the online space due to lack of accountability!~ [...]



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