Something else is a natural progression, as traditional media companies learn to cope with the seismic shifts in the media industry - Virtual Trade Shows.
Media companies will soon have to learn how to do a Red7 move with Virtual Trade Shows - leverage on the one hand, existing virtual trade show technologies (not to be confused with webinars and webcasts), and on the other the media company's influence on their readership and advertisers, to be able to create, reach and serve new markets.
I foresee media companies learning to take Virtual Trade Show technologies, bundling them within their own areas of influence, and enabling new markets to launch their own private online trade fairs. This model has not been seen coming out of the media world so far to the best of my knowledge. Its time has come.
At least one media company is making a feeble attempt at it with webinars. They may call it virtual trade shows. They may inundate us with reminders about virtual trade shows. To the best of my knowledge those are webinars, live or on-demand, with accompanying downloadable marketing literature being offered in exchange for contact information. It is being sold as a lead-generation activity. That is the traditional face-to-face mindset in manifestation. As far as I can tell, the webinars being created by this media company gather a couple of sponsors in industry-verticals. They are quite literally an online rendition of small regional conferences held in a small conference center. They often reek of infomercials.
What they are not doing is leveraging the power of the virtual trade show technology the way it should be - to build a fan-following that tracks a company's progress consistently over a period of time. No - I am not referring to whipping up a social network (the jury is still out on whether social networks can make money).
To be able to create new products using Virtual Trade Show technology, traditional media companies have to depart from the 'face-to-face' mindset, and think of events and packages that never existed before.
The Virtual Trade Show is a powerful weapon. Media companies that add the Virtual Trade Show technology to their arsenal and deploy them will enjoy growth in new business models and new markets. Think if it as a Red7 move. It is only a matter of time before grassroots movements similar to Craigslist will cause the erosion of this advantage that traditional media companies can enjoy by being trendsetters. The cost of indecision can be high for the media world. Traditional media companies could imitate the Red7 move to open new markets with the Virtual Trade Show technology in their arsenal.