Earlier quoted context omitted.
There are a few factors at play here when it comes to advertising. 1) Digital is taking over all ad-channels 2) Digital ads can be tracked and attributed ways that were never possible with traditional media 3) It turns out most non-targeted ads aren't actually that effective, and aggregate ad spend is falling. FB ads are effective and high value because of tracking. If tracking goes away, FB ad revenue will fall to t…
> 3) It turns out most non-targeted ads aren't actually that effective, and aggregate ad spend is falling. While this is a commonly held believe in many corners it doesn't appear to be well backed by data & research. Freakonomics also covered this topic in some detail recently. Some examples where it's proven untrue: Nytimes drops targeted advertising in Europe: https://digiday.com/media/gumgumtest-new-york-times-gdp…
FB/Goog dominate ad-spend as they are able to effectively match small advertisers with the appropriate audience, and these advertisers typically have specific customer goals in mind. If the goal of the ad buyers on the NYT is simply to associate their brand with the trustworthiness of the NYT, then there won't be much benefit from behavioral targets.