The document discusses trends in mobile media and advertising. It notes that the median age of TV viewers is now 51, while 38% of mobile users have been disappointed by branded apps. It argues that TV, web and photography are collapsing into mobile screens. Key points discussed include context being king with mobile media, the growth of apps and their uniqueness to mobile, and the idea of the "third place" referring to time spent using mobile devices while commuting. The document advocates for spending up to 33% of marketing budgets on mobile strategies.