Google Vision for the Demise of Print Advertising
Adam Rifkin stashed this in Advertising
Jim Edwards writes:
Google SVP/Advertising Susan Wojcicki told Adweek how she sees ad dollars continuing to move out of traditional media in favor of online.
In response to a question about how Google chief business officer Nikesh Arora believes 50 percent of all ad spend will switch online in five years, she said she believed print would continue to be the preferred victim of that shift, as people stop buying magazines and papers because they already own tablets and iPads.
At that point, all Google has to do is wait until advertisers' dollars catch up to where the customers' eyes already are. She said:
Advertising is very simple in a lot of ways. Advertisers go where the users go, and users are choosing to spend a lot more time online. Look at the adoption of tablets. Tablets have beautiful screens and can be interactive, so I think a lot of traditional print is being moved to being read on tablets. And I think we’re moving to much more [Internet]-enabled TV. And think about radio, there are a lot of great services like Spotify, Pandora, iTunes, and [Google] Play.
So the users are moving really, really fast, and the advertisers need to catch up and move to where the users are.
Tablets and iPads are changing the equation for print.
Advertisers, once they realize this, will shift ad dollars from print to online.
And this is happening independently of the shift of TV ad dollars online.