Philippine Traditional & New Media: Channelling Advertising Lecture 2 COME123
Philippine Traditional & New Media: Channelling Advertising Lecture 2 COME123
Philippine Traditional & New Media: Channelling Advertising Lecture 2 COME123
Changing landscape of
Philippine traditional media
In 2013, during the 1st Philippine Media Congress, many media luminaries said that
traditional media such as -television, radio, and print, have remained competitive in
today's multi-platform media setup, pursuing new ways of engaging its target audiences
with more relevant content.
Selected media executives tackled how traditional media has adapted to the challenges
posed by today's changing media landscape.
ABS-CBN Customer Relations Management Head Nandy Villar discussed the great
symbiotic relationship that exists between television and online media saying that
"Smaller yet smarter screens are flooding the market in the form of smartphones and
tablets... But TV is not just about the screen, TV is what you watch. It's the teleserye that
make you cry, sitcoms that make you laugh; that there are now alternative platforms
waiting to be discovered by a new set of audiences, and television is about creating
powerful content, stressing that it is still a very prevalent medium in the country.
He listed some of the new trends that Filipinos can now enjoy: digital terrestrial television
(DTT), which eliminates fuzzy pictures caused by poor reception; user-customized
websites of featured television shows; and a popular local video portal, where Filipinos
can watch television shows anytime, anywhere.
Current
Developments
Advertising continues
to be a dynamic
profession. Long-time
concerns -- the need for
creativity, effectiveness,
and responsibility -continue. What are the
current issues and
trends, and what's
ahead for the
advertising industry?
Above all, what is "the
new advertising"?
Current Developments
Cost is the greatest disadvantage of advertising. The
average cost for a 30-second spot on network
television increased fivefold between 1980 and 2005.
Plus, the average cost of producing a 30-second ad
for network television is quite expensive. It is not
uncommon for a national advertiser to spend in the
millions of dollars for one 30-second commercial to
be produced. Add more millions on top of that if
celebrity talent is utilized.
Credibility and clutter are other disadvantages.
Consumers have become increasingly skeptical about
advertising messages and tend to resent advertisers'
attempt to persuade. Advertising is everywhere, from
network television, to daily newspapers, to roadside
billboards, to golf course signs, to stickers on fruit in
grocery stores. Clutter encourages consumers to
ignore many advertising messages. New media are
emerging, such as DVRs (digital video recorders)
which allow consumers to record programs and then
skip commercials, and satellite radio which provides
a majority of its channels advertising free.
Read more: http://www.referenceforbusiness.com/
management/Log-Mar/MarketingCommunication.html#ixzz3CiQwDpiV
6 Important Trends
A. The proliferation of cable television and direct marketing, and other
alternative and new media, comes media fragmentation.
B. The tremendous proliferation of ads in an array of media, ranging from
television ads to billboards to banner ads on the Internet, has resulted
in so much clutter that probability of any one advertisement breaking
through and making a real difference continues to diminish.
C. New retail channels, including catalogs, TV shopping networks, online
shopping, and price clubs are growing in influence.
D. A fragmentation of marketing budgets with companies has occurred
with a greater proportion of these budgets going to trade and consumer
sales promotions.
E. Improved information systems are allowing retailers and distributors to
exercise more control over many kinds of marketing decisions.
F. More and more advertisers are focusing their efforts on integrated
marketing communications (IMC) programs. Advertisers now look to
sales promotions, event sponsorships, new media options, and public
relations as means to support and enhance the primary advertising
effort.
The New
Advertising
Electronic media, such as the Internet
and wireless communication , are
changing media landscape and making
more intimate, interactive,and
personalized forms of communication
much more important to advertisers. This
"new advertising" challenges the mass
orientation of older forms of advertising
even as it opens up new business
opportunities. This is where real
creativity lies -- not in the development
of a big idea for a magazine ad or a
television commercial, but in the use of
new ways of reaching and
communicating with people. So the "new
advertising" also is concerned with word
of mouth and how to get people talking
Interactivity
The Internet is buzz is an indication of
another trend that affects advertising,
and that is interactivity. Advertising's
original definition assumed a form of
one-way communication from an
advertiser to a target audience, but that
is all changing in the 21st century.
People are contracting companies
through the Web or by phone, and they
are talking to one another in a circle of
environment about products and brands.
As one expert in interactive
telecommunication explained, "We're
bringing living through the largest
expansion of expression capability in the
history of the human race." Inevitably,
that means advertising must change also
becoming more interactive.
organizations.
Creative Advertising
The 5 Parts of an Advertising Ad by Miranda Brookins,
Demand Media
Whether you are advertising an event, new product or a
service, creating an ad can help you inform, persuade and
even remind current and potential customers about your
brand. Advertising ads are placed in newspapers,
magazines and on websites. Regardless of where you
place your advertisement, successful ads contain five
major parts.
Globalization
The trend towards more consistent
communication is complicated by the
increasing globalization of marketing
programs. In the early 1990s the trade
barriers throughout much of Europe
came down, making it the largest
contiguous market in the world.
Eastern Europe, India, Russia and
China also have opened their huge
markets to international marketing. As
advertisers move into these markets, a
agencies are forming large
multinational operations with
international research and mediabuying capabilities.
Philippine Traditional
& New Media
Channelling Advertising