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Not at all - may be a bit expensive nowadays but still very powerful
Traditional advertising is not dead if we mean Advertising through posters – billboards – newspapers- magazines - leaflets – Radio spots and TV spots: it is still used and is still very effective. These Medias are still being seen and read by millions of people everyday
Advertising has been evolving since the beginning of advertising from newspapers > posters > billboards > magazines > radio spots > Sandwich man > TV spots > Internet.
Internet , Social media and niche market have changed the game
"Evolved" is the word I'd use.
It is not dead because there are spme cluents like this type of adv , and when we plan to adv, we try to touch most avaliable clients or customer
But in general why you adv, this question answer your way for adv,
no, we are just more digitally connected.