05 Jul

The Declining Effectiveness of the TV

Posted in Social Media, Synergy Suggestions on 05.07.16 by John Meloche

Over the past couple of weeks, we’ve touched upon social commerce and the amplified importance of social media for businesses. We discussed how strategic social media can be when it comes to advertising. Not only that but we mentioned how it can allow your business to be more efficient with its spending. With this in mind, we’re looking at another big advertising medium: the TV.

TV advertising has always been used and has long be known as the most effective advertising medium. Its mass reach hasn’t ever been matched, until now. The effectiveness of TV advertising is definitely declining. It all starts with the deteriorating TV audience. Streaming media platforms such as Netflix, Crave, etc., play a large role in the dwindling TV audience. Alexis Kleinman, from the Huffington Post, wrote about the impact Netflix and other video on demand services have on the TV. She wrote that in the US, there was a 40% decline in TV ratings during the third and fourth quarters of 2014 and it’s all a result of people spending more time watching streaming TV online.

The TV was once a famed place for advertisements, however, times have changed and new trends have brought forth new norms and more reliable and effective advertising mediums. There are serious concerns about the mass reach TV ads offer. TV’s competitive advantage as an advertising medium is fading and it’s now becoming more ideal to pursue different advertising options. We have a rapidly changing business world and it appears as though the TV just can’t catch up.

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