High commodity prices got me to thinking about the media industry, and specifically the addiction to expensive and environmentally harmful commodities. Here's my proposition:
The dental industry is addicted to print like America is addicted to oil.
Now don't get me wrong, there are a lot of good things about magazines and I am a subscriber to a few--but in the dental industry and many b2b markets you don't even have to subscribe to get these dead trees delivered to your door. No. Companies actually buy your name and waste money trying to get your attention for ads purchased on a circulation statement backed up by...you guessed it...names purchased from 3rd parties. In fact, for magazines like Dentaltown (according to Decmber 2007 BPA numbers Paragraph 3b. Section V) over 49% of their circulation is derived from "other" including the "AMI General Dentist List" When you visit the AMI website, the URL reads
www.esalesleads.com. Translation: these people did not personally request to have the magazine delivered. In fact, it's much like all the junk mail we get on a daily basis. I don't know about everyone else, but rarely am I inclined to have a trusting relationship with the people who send me junk mail and spam. Just thinking out loud here.
Not to mention the environmental impact of creating and shipping all these issues across the country.
This could be one of the reasons why analysts and media watchers are discussing a flight to measurable media--because when someone visits a website searching for a product or article, they are qualified by their presence and continued visits to the website. It is a voluntary action rather than involuntary (getting junk mail I never requested). This will be an important topic for manufacturers as budgets tighten in the coming months and will force some hard decisions and hopefully some hard analysis.