Where have all the advertising dollars gone?

A few days ago, I was reading a pretty interesting article about the circulation, and ad revenue for the New York Times.  Granted, the article was a few years old, but what it showed was that those who read The New York Times print issue only comprises 10% of their total audience.  Not a huge surprise considering the drastic shift of media from print to online, but things get more interesting …

While 90% of their audience is reading the New York Times online, NYtimes.com advertisers only contributes to 10% of their total revenue.

Wait…what?

Nearly perfectly inverse economics.  So the medium in which only 10% of their audience is using to access their content generates 90% of their revenue?  So Print isn’t dying?!?!?!?  Well… not so fast.

While the preferred method of accessing the content is clearly online, the advertising dollars are slow to follow.  This means that there’s a gaping hole of opportunity to hop on all of the advertising revenue that will trickle from print to online.  If the shift in ad dollars is anything as drastic as it was for the shift in media itself, it will be more like a flood, not so much a trickle.

One more thing to note:  According to Forbes Magazine — 65 Billion Dollars will be shifting from print to online this year.  65 Billion dollars…