The study, according to a report by BtoB magazine, concludes that as more and more people move online to get their information, advertisers aren’t willing to pay as much to reach them. Why? Presumably because these prospects become easier for the advertisers to reach – a conclusion that’s hinted at by the study’s other finding: that advertisers are willing to pay some kind of premium based on context and relevance of the audience.

This is nothing new to readers of this blog. But it’s a big stick in the eye for B2B media types who still think their future will be secured simply by providing great content.

On re-reading it, I’m glad to say I was appropriately not giddy. I simply said the new device, if it met expectations, could provide a strong enough platform that media would use it to begin their evolution toward a digital-only era, which is essentially inevitable. (Essentially, because I don’t believe print will  go away completely. But it will become a niche solution with fewer players and more limited application).

As the print media watch their business model melt down, they desperately need something that allows them to translate their work into an electronic format. Computer screens and e-zine platforms don’t do it. Hand-held devices don’t do it.

Will the iPad? Maybe. The device looks pretty cool. Myself, I’d be excited to use what is essentially a magazine-sized iPod Touch as a reading device. It’s far more compelling to me than the limited e-book readers like the Kindle. (Some of my most gadget-oriented acquaintances are already dumping their book-reading devices – not in anticipation of the iPad, but because they don’t want to use them anymore.)

Most entertaining to me has been watching the different media report on the iPad’s big reveal. The print media have been agog and amazed. They have, if anything, let their financial needs show from under their skirts. The print media is so giddy about the device that it has probably overplayed its importance.

My favorite lead, from the L.A. Times referred to the iPad as “the most anticipated tablet since Moses’.”

But broadcast reports tell me those folks don’t get it. They are announcing the iPad as if it’s just another gadget. One local pretty face actually said, “I don’t understand what the fuss is about. It seems like as soon as you get one gadget they come out with another that you have to buy.”

Oh, she gets it all right. Just like the average Joe, who neither cares nor understands that an entire industry is pinning its hopes on this thing.

It gives me a bit of a chill, because I’d like to see some real innovation by magazine publishers and newspaper publishers to utilize the full capabilities of a tablet like the iPad. I’d like to see something that brings a traditional magazine to a new level that’s closer to Facebook than 60 Minutes. But most people will just look at the price tag and ask, “Do I really need this?”

Absent some really good media products, I’m not really sure what the iPad is best for; it’s a really expensive e-book reader and not a replacement for a laptop computer. It’s a new category altogether and it demands new content. Or it won’t sell.

So, you print media types, get to work – and fast. If you don’t, the iPad could be deemed a failure before you ever get your chance. (Not that I’m betting against Apple.)

Which raises another concern: If the iPad costs $600-$1,000, and monthly service costs another $30, how much is a subscription to Newsweek, People, Vanity Fair or Playboy going to cost?

Will people pay for a reader and monthly service knowing that what they’ve really done is spent all that money just to enable them to pay for more content? And what about all that other media we all buy: cable TV, smart phones, Netflix, Satellite radio…

How much media will people pay for.

Thinking about it, as curious as I am about the iPad, I’m about tapped out. Unless it can replace something else I’m already paying for, I can’t afford to lead the print-consuming audience to its new online Shangri-La.

For what it’s worth, here are some other takes on the iPad:

MediaPost: Even Apple can’t save newspapers

Techcrunch: 10 reasons why iPad will put Kindle out of business

Newsosaur: Can iPad save media? Skeptics weigh in

With Apple tablet, print hope for a new payday

iPad is most important for businesses not named Apple

Apple’s tablet could change the face of publishing

Ignore that; that’s just headline-writing 101 – making the message immediately relevant. 2010 will inevitably bring more bad news for old-line media. But it will still be very much alive by the end of 2010.

But Broitman makes a great point, and I think he’s dead on.

His point is that online media will continue to supplant what he calls offline media (and what I, anachronistically perhaps, refer to as traditional media) at ever-increasing speed.

He gives two examples why (he claims there are three, but only two clearly jumped out at me from the column):

1. The skill and frequency with which offline media are using the web and social media – moving from passive entertainment/information to true interaction.
2. Applications being developed that shift the notion of information and search from keywords you type into a box on the web to something more contextual: information that comes to you because you ask a question out loud, or because you point a camera phone at an object.

There’s another irony; while media is becoming more active, search is becoming more passive. When selling print advertising, I made the point that consumers use print and online differently. Print was for grazing – looking for things you didn’t know to think about; online was for finding information you knew you wanted. Those purposes are merging. If Marshall McLuhan were still around, he’d have to rewrite Understanding the Media as TV becomes “hot” and Google becomes “cool.”

Too often, media allow themselves to be steered by past experience – their own and that of consumers.

For instance, all sorts of new studies proclaim to know whether people will pay for online content. How do they know? They ask.

But they ask things like: “Would you pay for this newspaper online.” The answer to that isn’t helpful; a newspaper isn’t built for online consumption – and the prospect of reading it online is unappealing. So people will say no.

People who answer such surveys haven’t generally put thought into what they would pay for online. They’ll just know it when they see it. Which means that it’s the job of the media to figure out its own future; the audience isn’t going to be much help.

So the real point that I take from Broitman’s column is one that’s essentially unspoken: offline media will continue to decline because of the relentless growth in online offerings that will be worthy buying.

The unresolved question is how many of these offerings will be created by startups vs. the existing “offline” media.

The new owner is Duncan McIntosh Co. Inc., based in Irvine, CA – a white knight that rides in, not on a horse but on a powerboat. Duncan McIntosh is a consumer marine media company whose properties include Sea Magazine, The Log newspaper and, most notably, Boating World.

There’s no deeper meaning to this. It’s just nice to write about  a company that sees the value in a storied brand, tradition and a franchise that serves the media industry. No surprise that the company isn’t one of the diversified media giants, for which earnings multiples are the only meaningful metric.