Without further ado, here are five of the agency’s top 5 media trends for 2019:
1. The growing
number of streaming content services make consumers harder to reach. The number of people who stream content as well as the
number of apps providing on-demand content
is rapidly growing. Already 61
percent of Americans, age 18 to 29, regularly watch or listen to
what they want, where and when they want it, according to Pew Research. Apps
for CBS, TBS, NBC and ABC are ad supported – only by national brands – but more
dominant services including Netflix, Amazon Prime, HBO Go, Hulu Plus, YouTube
Red, and Spotify Premium are ad-free, putting their subscribers out of reach
for marketers.
2. The age of the
mass media is mostly over. It’s a niche
world now. Partly that’s because marketers can now reach very specific
audiences, along with nanoinfluencers,
since online media can tailor content by gender, age, interest, political
persuasion, etc. (Unfortunately, print media also is increasingly becoming
niche, due to an ongoing reduction of the number of pages and size of their
news staff combined with an increase in subscription rate.) In 2019, it’s complicated
and expensive to reach a broad audience so marketers need to consider targeting
key audiences through niche media.
3.
The broken business model for news will cause
continued problems in 2019, including an increase in “news deserts.” It’s not only print media that will struggle in 2019,
online media will struggle, too. The reason: online subscription fees are lower
than print subscriptions and online ads generate less money that print ads (even
though online ads provide much more useable data). We expect, unfortunately,
more layoffs, smaller printer runs, smaller and less frequent issues – both
online and in print. In 2019, we're going to see a growing number of "news deserts," defined by the UNC School of Media and Journalism's Center for
Innovation and Sustainability in Local Media, as "a community, either rural or urban, with
limited access to the sort of credible and comprehensive news and information
that feeds democracy at the grassroots level." News
deserts are a problem because it means communities aren’t getting critical information
related to civic life, government services, etc.
4.
Social media will continue to undergo scrutiny and it won’t
look good. And despite that, people still won’t
quit Facebook, Twitter, etc. amid growing concerns about privacy and disinformation
campaigns. We expect Congress and the EU, the UK and other governments to look
to regulate social media. But we also expect that most won’t be able to
regulate effectively because most politicians don’t have a firm grasp of how
social media works. There will be more hearings but not many solutions because
it’s a complex issue that algorithms alone can’t solve.
5.
More apps will try to combat fake news. Already there are at least a dozen initiatives – with
names like The Trust Project, News
Integrity Initiative NewsGuard, The Journalism
Trust Initiative, Accountability
Journalism Program, Trusting News, Trust
& News Initiative and the oddly named Media Manipulation
Initiative. Many
are funded and staffed by journalists and also use algorithms to detect fake
news. We hope they succeed but suspect they’ll be as successful as Tumblr,
Facebook and Twitter have been to fight hate speech -- which is to say: not
very effective but better than nothing. (A.I. will get a lot of attention but
trust in algorithm will decline.) In
the meantime, Axios’s Jim VandHei offered some suggestions: Stop using the term – it doesn’t help. And people should “Quit
sharing stories without vetting them.” (We
don’t think that will happen, either.)
In addition to these media
predictions, we will roll out additional trends focusing on
technology, fintech, artificial intelligence, retailapoclypse, the labor
shortage and gig economy, and other topics here on our blog at blog.birnbachcom.com.
Please let us know what you like or disagree with. We'd love to hear from you. As usual, next November, we will evaluate how we did with this year's predictions.
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