Wireless is such an old fashioned word. It brings back memories of a British family huddled around a device in the living room, listening to BBC Light, before the TV became the mass medium it is today.

Quite ironic then, that wireless today is associated with the future, wireless broadband, or telephony, for example

And just as the TV eclipsed the old fashioned radio as the main means of entertainment, its looks like the Internet, is now beginning to eclipse the TV.

Research released by Ofcom yesterday revealed that the 16 – 24 market spends seven hours a week less time watching TV than the general population. They spend 15 minutes a day less listening to the radio too.

But is not all down to the Internet. The same research revealed that the age group spends 21 minutes a week more time on the Internet. You do the maths, that’s seven hours a week less time watching TV, 21 minutes more time on the net, they must be doing something else.

One thing’s for sure, the extra time is not spent reading newspapers, apparently this too is falling in popularity with the younger generation. But then again, who wants a newspaper when you can have publications like this?

But the youngsters do like their social networking, with sites such as Bebo and Myspace benefiting from the change in fashion. Apparently 70 percent of 16 to 24 year olds said they used social networking web sites, whereas for the population as a whole, it’s just 41 percent.

The Ofcom data also revealed that the UK now has nine million broadband connections, that’s a third up on the year before.

We all know that price competition is driving down the price of broadband. It typically cost £41 a month in 2004, falling to just £16 in 2005, said Ofcom. But then with the recent price-cutting, 2006 is seeing free broadband (or at least free up to a point,) how long will it be we wonder, before broadband providers pay us to use their service? Or will there be mass bankruptcies in the industry first, as accountants work out that free means no revenue?

Finally, Ofcom informs us that the under 24’s make seven more calls from the mobile phones than the rest of us, and 42 more text per month.

Talking of text, do you think the language of SMS promotes faster thinking? We hear a lot about how the younger people are better as multitasking, maybe we can digest more information, read faster and just plain think quicker if we substitute old fashioned English for da txt spk.

Investment and Business News is a succinct, erudite and informative roundup of today’s top news stories on business and the economy, with analysis thrown in. It’s free, and to subscribe: visit this link

© Investment & Business News 2013