I just came through this article on the Commerce du Levant website about the advertising spending in September 2010 in Lebanon. These expenses are down 8% from August and 4% compared to September 2009. Despite this slight decline, the third quarter was relatively good with an increase of 8%.
OK advertising is still growing, even if it is growing slowly. But the thing that hit me the most is the fact that there is absolutely no spending for advertising on the web or that it is really really insignificant. Check out this repartition:
As I was wondering about the average time that lebanese people spent watching TV, I guess I have the answer to my deep concern. Television takes it all and it is still the number 1 mass media. Will the web ever kill the TV stars?
Throughout the world, the strong growth of the Internet, and the development of its uses, confirms the mass media crisis (for the press and TV in the first place).
More profoundly, the belief in the mainstream media is dramatically affected by a movement that sees the legitimacy of traditional media organizations disintegrated by a permanent suspicion particularly related to a certain political affiliation.
Considering that a mass media (according to Marshall MacLuhan) is characterized by a communication of one-to many and by a one-side message (the public does not interfere with the message vehicle) we can of course question the belonging of the web to the “mass media” category. The web in its core, and thanks to the massive user generated contents created by the audience via blogs, wikis, social networks etc… creates a new situation: the communication pattern which used to be from one to many (vertical) has completely evolved to many-to-many (horizontal).
My main point here is that these new models of direct production of information are drawing an innovative media landscape, and advertising investments should definitely be following this trend.