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                    96  COMMUNICA TION THEORY
                    mass media. One of the reasons for the crash in dot.com stocks in 1999
                    was the failure of advertising on the Net as a revenue-generating exercise
                    (see Cassidy, 2002; Kuo, 2001). On the Internet, there is no mass, because
                    a mass is entirely constituted by broadcast media. Broadcast audiences
                    are built up over time, but they need to be reasonably synchronous with
                    regular visibility for advertisers to have any success. 8
                        The interactive sub-media of the Internet, like the World Wide Web,
                    cannot deliver a ready-made ‘mass’ to advertisers, and even when web-
                    sites are used in a companion role, their effectiveness is questionable.
                    Gauntlett (2000) points out that ‘modestly sized but inescapable adverts’
                    still appear on the World Wide Web and these ads can be personalized to
                    particular sites, but the solvency of web directories is overwhelmingly
                    derived from the promise of stock values, not from advertising revenue (7).
                    Chan-Olmsted (2000) observes that ‘the Internet is the most cluttered
                    medium in the world. To succeed in marketing an online brand, a marketer
                    most likely will need distribution of communication messages via mass
                    media to create broad awareness of the product or service’ (98). Direct
                    marketing ads are nearly always duplications of advertising ‘that has
                    come from channels outside the Internet, such as TV spots and infomer-
                    cials’ (98). Internet sub-media that allow consumers to personalize infor-
                    mation they want will only ever be a ‘valuable extension’ of traditional
                    media’ (100).
                        Thus, broadcast advertisements often include a World Wide Web
                    address, so that ‘the consumer can continue a brand relationship initiated
                    in an ad in an established medium and extend it to a closer relationship
                    on the Net’ (100). The fact that such sites might get a large number of
                    visits is already driven by mass marketing. However, web proprietors
                    (portal providers and search engine companies) have vigorously tried to
                    aggregate web advertising in terms of portal loyalty strategies. In what
                    has been called a game of ‘portalopoly’, ‘Internet companies are racing to
                    build sites (known as portals) that serve as hubs or gateways to the larger
                    internet’ (Buzzard, 2003: 205). Portals function like the mass circulation
                    magazines or TV networks: ‘They are sites that meta-aggregate content
                    and offer a range of services in order to be the home page for as many
                    users as possible, thereby attracting more advertising revenue’ (Buzzard,
                    2003: 205). However, as we shall see below, contra Buzzard (2003: 206),
                    these hubs, lacking liveness, performativity and specular visibility, fail to
                    provide a mechanism for audience constitution.
                        On the Internet, the technical nature of its sub-media means it is not
                    possible to be a broadcaster in the same way as it is with mass media. Yet,
                    it is on the basis of a deception, or at least a sociologically uninformed
                    view, that broadcasters in the USA are lobbying to have ownership and
                    control laws relaxed in the wake of the Internet (cf. McChesney, 2000).
                    Because anyone can publish content on the World Wide Web, they argue
                    that media monopolies have been rendered ineffectual and so restrictions
                    on owning television, radio and print outlets should be lifted.
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