As a means of reaching the masses, no other medium today has the unique creative ability of television. Broadcast TV grew faster than any previous advertising medium because of the unique advantages it offered advertisers: mass coverage at efficient cost, impact, prestige, and social dominance.
Television is a powerful creative tool, but the medium still has many drawbacks, including high actual cost, limited selectivity, brevity, clutter, and susceptibility to zipping and zapping.
Broadcast TV dominance is being challenged by new electronic media, particularly cable. Cable offers the visual and aural appeal of TV at much lower cost and with greater flexibility. Cable audiences are highly fragmented, which helps advertisers target specific markets but is a drawback for those wanting to reach a mass audience.
TV advertising can be done at the national, regional, or local level and can take the form of program sponsorships, segment sponsorships, and spots of varying lengths, including program-length infomercials.
To determine which shows to buy, media buyers select the most efficient ones for their target audience. They compare the packages of each station, substitute stronger programs for less efficient ones, and negotiate prices to get the best buy. Media buyers must have a firm grasp of certain important terms: designated market areas (DMAs), TV households (TVHH), households using TV (HUT), program rating, share of audience, gross rating points, and cost per thousand.
Like television, radio is a highly creative medium. Its greatest attribute is its ability to offer excellent reach and frequency to selective audiences at a very efficient price. Its drawbacks are the limitations of sound, segmented audiences, and its short-lived and half-heard commercials.
Radio stations are normally classified by the programming they offer and the audiences they serve. Radio stations may be AM or FM. They may use network or syndicated programs and follow any of a dozen or more popular formats. Advertisers purchase radio time in one of three forms: local, spot, or network. Buying radio time requires a basic understanding of radio terminology. The most common terms are dayparts, average quarter-hour, and cumulative audiences.