Hispanic TV Summit: Execs Aim to Reach the 'American Modern Latino Image'Panel says latest Census numbers back up their argument that young Hispanics are fast growing segment of population 10/04/2012 09:50:53 AM Eastern
New York -- When the most recent Census numbers came out, it
backed up what Hispanic programmers have been saying for a while -- that young
Latinos are the fastest-growing segment of the population.
"We've been forecasting this was going to happen," said Claudia
Teran, executive VP, business and legal affairs and deputy general counsel, Fox
"It was an emerging growth market and now it's a mature growth
market," added Richard Buchanan, VP and GM of content services, Comcast
Reaching the "American Modern Latino Image" was the main focus during
the executive roundtable moderated by Multichannel News' editor-in-chief Mark Robichaux at B&C/Multichannel News' 10th Annual
Hispanic TV Summit here on Wednesday.
"It's the fastest growing segment of the population. Who doesn't want to
go after young Latinos in this country?" asked Diana Mogollón, GM, mun2.
"It's getting bigger, this demographic is getting stronger," said Judi
Lopez, senior VP of affiliate sales and marketing, nuvoTV. "They
want to see themselves on television in a way that they can relate." Lopez
echoed arguments made earlier in the day about the importance of showing
something that is not stereotypical and that most are now English-speaking.
"That's very different than [what] companies may think," added Teran,
who said that roughly 60% of the U.S. Hispanic population is now U.S. born.
"Every time the census comes out, there's like this awakening of the market,"
said Lino Garcia, GM of ESPN Deportes. "Every CEO is asking their CMO what
is their Hispanic plan." Garcia cautioned against too much optimism
however, saying that marketing towards Hispanics is still slow. He said
Hispanic budgets still account for just 5% of the overall marketplace.
"The reality is that the spending is not very proportional."
Besides being the fastest growing segment of the population, Buchanan noted
that this group is also the quickest to adopt new media technologies.
"It's getting to be ahead of the mainstream."