The latest issue of Australian ad industry bible Adnews has a great page asking leading industry experts what they believe 2008 will be remembered for.
Media buying heavyweight Harold Mitchell really saw the big picture with his response:
The year will be seen as the centre year of great change. In the past two significant changes people and companies got left behind; others emerged, fortunes were made. In the past 25 years there have been three such periods of change. In the late 80's every major media company changed hands, except News, following the Wall Street crash of October 1987.
In 2001 the advertising industry went into reversal following the dot com boom and bust of 2000. Now, after a seven year bull run on world stock markets, the downturn that started in November 2007 continues. Each of these changes brought structural change in the media industry.
The changes this time will see the cementing of the digital age as the permanent force in media. Everyone is scrambling to catch up. Ad agencies are starting digital divisions, media companies are boosting their digital arms. Make sure that you're not left behind mumbling analogue thoughts that only the dinosaurs can understand.
Read that last paragraph again folks Here is one of the biggest media buyers in the country telling us that the time has arrived where digital is the permanent force in media.
Here at Sticky we have been of this opinion for some time. If you are an advertiser in 2009 you must start re-assessing how you are spending your marketing dollars. If you aren't sure how, we'd love to talk with you.
Other related posts:
A turning point in media and marketing history
Marketing plan for tough times
As I was saying about media consumption habits...
Why my kids will be the death of traditional media
That noise you're hearing...that's the sound of a marketing revolution
The rise and rise of micro-media
Australian advertising agency integrating digital and social media with traditional advertising, a Newcastle advertising agency delivering nationally