It would create a permanent fissure in the media world.
The question of whether plummeting advertising numbers are representative more of a broader trend than just the economy was the focus of an interesting post from James Fallows of the Atlantic, as I found from Philadelphia Inquirer online editor Chris Krewson.
The real problem is, advertising is dying. It’s just pulling down newspapers along the way. Next up: TV, radio, and Google.
This is why I was warning anyone who would listen that traditional media’s schadenfreude when the internet bubble popped in 2001 was probably misplaced. Because the reason it popped was one finally had the metrics to show Advertising Doesn’t Work. Google has forestalled the inevitable by doing the Net equivalent of the “tiny little ads” schtick of a decade or two back, but I think they see the writing on the wall, which is why they keep trying so desperately to find something, anything, other than search that’ll make money…. [Source]
Continue reading What if advertising wasn't in a recession, but dying?