The document discusses the rise of digital media and how it has changed consumer behavior and expectations. It notes that consumers now have on-demand access to a wide variety of content and media channels. They expect real-time dialogue and personal experiences. Advertising is less effective at engaging consumers who now rely more on recommendations from peers and engaging content from brands. The emergence of user-generated content, social networks, and online communities has empowered consumers and given them more control over their media experiences.