The new Borrell study gives four reasons why radio, TV, and print cannot keep up with the Facebooks, Googles, and Yahoos of the world. For example, in 2016 Gannett’s digital advertising dropped 7% and Yellow Pages digital was down 20%, while Facebook grew 62%. Here are the four reasons traditional media is being beaten to a bloody pulp when it comes to digital revenue, according to Borrell…
- They’ve relied almost exclusively on print or broadcast sales forces to sell digital products and have saturated their existing customer base. In other words, they’ve sold all the digital advertising they can to their own customers.
- They’ve tied too much of their digital fortunes to banners ads. Banner-laden websites are quickly becoming a thing of the past, especially with the migration of audiences to mobile devices, a banner-unfriendly environment. For instance, the desktop version of Philadelphia.cbslocal.com displays at least six banner ads, while the mobile version allows for one.
- They’re resistant to selling digital services. While these lower-margin products (SEO, website design, social media management, etc.) may seem to be a distraction, they’re becoming essential to securing a client’s overall business. Our 2016 survey shows that 77% of local advertisers are purchasing digital services, with website design and SEO being the most prevalent.
- They ignore digital-only sales opportunities. By focusing on “multiplatform” deals that sell larger ad packages that include print or broadcast advertising, they’re ignoring 35% of the active advertisers in a market that are not buying digital and traditional media together.