All advertising is targeted.
Billboard ads change based on the neighborhood you are in.
Magazine/Newspaper ads are different from magazine demographic to magazine demographic.
TV ads vary dramatically based on channel, time of day, and program.
Well, yes, but I'm using "targeted" in the context of "personally targeted".
Group targeting is less of a problem because then they are working on averages and predominant group characteristics, which does not mean any one individual does correspond to those.
For example, a billboard may target an area with a message mainly meant for LGBT people, or for Hispanic people, but living or frequenting that area foes not mean you are LGBT or Hispanic respectively. There is still a level of anonymity there that protects privacy.
I've updated my original comment to make this more clear, so thanks for calling out the ambiguity.
