An article in the WSJ today, nominally about the rising price of popular online keywords, also contains some eye-opening factoids about the cost of advertising offline:
- The cost of producing a TV spot: $500,000 to $1.5 million
- The cost of a New York billboard: $40,000 a month
- The cost of 200 posters in the New York subway system (covering a quarter of the system): $30,000 a month
- The cost of similar San Francisco coverage in the commuter rail system: $7,500 a month
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Jaw dropping numbers. Wonder why TV stations couldn’t become as successful & profitable as Google. TV’s have been around for many more years before the web but still none have had so much of success & profits as Google. Why??
Regards,
NagB /at/
Startups.in
Ummmm, TV ads have built an industry that is much larger than Google and it has been around for a lot longer, too.