Advertising directed at children has recently received a tremendous boost. Firms in various industries develop advertising activities seeking to appeal to children as a relevant market segment. Because consumption behavior of these vulnerable consumers is largely influenced by their parents, a profound understanding of parents’ attitudes and behaviors toward advertising to children is paramount. With new challenges imposed to parents by children’s proliferated addressing of advergames and an increased internet usage, the purpose of this study is to improve understanding of parents’ assessments and behaviors regarding two important advertising activities directed at children (i.e., TV commercials and advergames). This article is the first to examine parents’ perceptions, knowledge and mediation of children’s consumption behavior regarding both advertising formats. By doing so, this article addresses important desiderata to research referring to evidence-based empirical data on advergame mediation and potential comparisons to other media.