ZimmComm – New Media, LLC

According to Forrester via Podcasting News more marketers are looking online for investing dollars these days.

During a recession, marketers are often forced to reduce budgets, in fact, it’s often one of the first buckets to get trimmed. In our latest research: Social Media Playtime is Over, we found that 53% of marketers are determined to increase their social media budget during a recession, and 42% will keep it the same, a total of 95% of marketers bullish on social media marketing. Why? The reasons are obvious to some, it’s inexpensive and the opportunity to benefit from cost-effective word-of-mouth, are promising.

I’ll be presenting a breakout session at the upcoming National Agri-Marketing Conference titled, “Social Media DOES Fit in Your Marketing Decision – Moving Beyond This Decision.” Sounds like we’ll need to point to this article on Forrester.

This PEW Project For Excellence in Journalism has just issued a report on the state of the news media as they see it. It’s a very negative outlook and seems to overlook what a lot of independent journalists are doing today that is contributing to good quality online news content that is also providing good revenue to those who are doing it. The focus seems to be on “legacy” media companies who are not doing well and just because they didn’t see the changes in technology coming or refused to jump into them and invest in them. Of course, if you combine a bad economy on top of it things just get worse for those companies.

There’s a lot of interesting facts and figures in the report. When it comes to online though, not much is said except to point to it as one of the factors contributing to the problem these companies are facing.

But the rise in the Web ’s news audience in 2008, even at legacy news sites, only added to the crisis in facing journalism.

By all appearances, the limited prospects for online advertising that supports news in 2008 became a settled issue. Even worse, little progress appeared to be made during the year in developing any new revenue models, the biggest challenge the news industry faces in its fight for survival.

New media options are now being invested in by large media companies but it may be too little too late, especially since they can’t seem to figure out a revenue model to support their huge overhead.

If you’ve wondered about the definition of a podcast or any of the other terms used to describe new media today then you might want to check out the Association of Downloadable Media’s Glossary of Terms.

The ADM Glossary is a project of the ADM Terminology Standards Committee. The terms in the glossary are derived from the advertising and measrement standards documents, along with other terms germane to downloadable media. This list is always growing, and the definitions are being refined as the state of the art evolves. The status field in each definition tells you what level of editing and review has occurred. Most terms are in the state preliminary right now, meaning an initial definition has been written, but it’s not ready for formal review. Definitions move to the draft state once the author feels the definition is complete, and then to the reviewed state once the definition has had peer review.