The most recent BIGresearch Simultaneous Media Survey shows that, while traditional media still rank on top in the influence of purchases, many are declining in influence and some are showing double-digit losses over the previous year.
At the same time, says the study, many new media options are showing double digit growth. For example, when compared to a year ago, instant messaging and blogging experienced double-digit growth for purchase influence of electronics while broadcast TV and cable showed a double-digit decline.
Not only is influence of new media growing, it is much more influential among minority groups, says the report.
Influence of new media is higher for Hispanics and African Americans across all new media forms compared to all adults. Alternatively, influence of new media for Caucasians is lower than the general market for all types.
Gary Drenik, President of BIGresearch, concludes that, "It's no longer enough for marketers to advertise only a slogan... (they) need to better understand the changing dynamics of the consumer media market and develop new marketing plans that integrate new media to replace the erosion of traditional media for influence to purchase... "
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