Download 'Too Hot', an exclusive Specials track from iTunes
Meanwhile, there are now so many television channels available to the average viewer that to spend millions on an advertising campaign that reaches only a small handful seems wasteful.
Robin Wight, chairman of WCRS, the advertising agency behind commercials for Mini and the 118-118 telephone directory, said: “The cost of TV per consumer has gone up because the number of viewers has fallen. At the same time, there are a whole range of ways in which it is possible to reach consumers.”
The internet, on the other hand, allows advertisers to target consumers more accurately and track their responses. It has become so popular among British advertisers that the value of website advertising rose to £490.8 million in the first six months of this year, up 62 per cent on the same period last year and more than the £407.8 million spent in the whole of 2003.
For the first time, the money spent on web advertising in Britain was more than that spent on outdoor advertising and more than the money spent on radio and cinema advertising combined.
The Internet Advertising Bureau predicts that online advertising will be worth more than £1 billion by the end of the year. John Hegarty, chairman of Bartle Bogle Hegarty, the advertising agency that recently won the British Airways account, said that although consumers were watching more television, the market was becoming far more fragmented.
He said: “It’s still an incredibly powerful medium and you walk away from it at your peril, but conventional use of TV by advertisers is on the way out.”
Articles from our sister site WSJ.com:
You may be asked to subscribe to read certain articles
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£24,250 - £30,346
MI5
London
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.