Tuesday, May 14, 2013

Study: 92% of News Consumption-Still in Traditional Media


New McKinsey research indicates that about 35% of the time consumers spend on news consumption is devoted to newspapers and magazines, 41%  to TV, 16% to radio/audio; 4% to desktop/laptop; 2% each to  smartphones, tablets. But digital devices get slightly more than half of total (not just news) media time—about 10X more than newspapers and magazines. Poynter's Rick Edmonds points out that the time-spent metrics don't solve traditional media's "basic advertising problem of vanished monopoly pricing power and strong competition from a wide range of targeted digital marketing options," but might help strengthen the case for print and other traditional-media advertising to be used in conjunction with digital advertising. Separately, in opinion piece, PaidContent's Mathew Ingram argues that the findings shouldn't make traditional media complacent, for several reasons.