The continued migration of adspend from old to new media

The New York Times reports on the fall Advertising forecasting season, and not suprisingly it is titled: Troubling ’07 Forecast for the Old-Line Media but Not for the Online.  An excerpt from the piece:

Still, reactions to the predictions for 2007 depend upon the perch from which they are considered. Those in the traditional media like television and newspapers will no doubt frown after hearing that most forecasters expect at best flat growth in ad spending for them.

Those who sell ads on Web sites, on the other hand, are likely to be beaming at the high double-digit percentage gains being predicted for them.

“The trend that will continue to affect the media universe in 2007 is the ongoing shift in advertising dollars from traditional media into nontraditional media, most notably the Internet,” Fitch Ratings concluded in an outlook report.

Television, radio and newspapers will “experience slow growth and ongoing audience declines,” according to the report, “and ad spending continues to follow consumer patterns.”

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