Magazines See Web Video As Way to Tap $50 Billion TV Ad Market

Advertisers have long regarded television as the preferred medium for marketing, pumping as much into TV as into magazines and newspapers combined -- roughly $50 billion last year, according to TNS Media Intelligence. Spending on online video ads is now taking off and is expected to increase to about $1.5 billion in 2009 from a projected $385 million in 2006, according to eMarketer (WSJ reports).
  • Country Living later this month launches a new Web site "Country Living On Demand," offering video segments on the same subjects it covers in the magazine. 
  • Time Inc. is beefing up the video offerings on its magazine Web sites, hopes to get more ad dollars from marketers such as movie studios
  • Earlier this year Verizon Wireless struck a deal with Time Inc.'s Sports Illustrated to run video segments featuring Rick Reilly, a popular columnist for the magazine.
  • Forbes was one of the earliest magazines to offer video on its Web site Forbes.com in 2002.
  • The Washington Post's Web site has been posting videos since 1999 and now has a team of six people devoted to creating video content. 
  • The Wall Street Journal is increasingly adding video to its Web site, WSJ.com.

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