Wednesday, December 27, 2017

ANA Finds Programmatic Impacting Traditional Media Too, Especially Out-Of-Home

ANA Finds Programmatic Impacting Traditional Media Too, Especially Out-Of-Home

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Programmatic media-buying may be associated most with digital media channels such as display, search and social, but the reality is it is transforming the way big brands buy all media. That’s one of the major takeaways from the Association of National Advertisers recently released Programmatic Media Buying report.

While online and mobile media do dominate in prevalence of programmatic media-buying, all media are now being bought in significant amounts via programmatic platforms, including television, radio, “print,” and even outdoor.

The percentage of ANA members citing the so-called media may be small, but it is growing fast as brands and agencies embrace automation, superior data targeting and platforms to make their media dollars more effective and efficient.

Not surprisingly, after online and mobile, out-of-home is the most dominant medium bought programmatically, thanks in part to ability of digital out-of-home media options to easily integrate into programmatic’s digital interfaces.

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Twenty-three percent of ANA members responding, cited using programmatic technology to buy digital OOH media. Another 7% cited using it to buy conventional outdoor media, such as billboards and signs.

TV (cited by 14% of respondents) and radio (13%) are the next most common programmatically-bought media, followed by print media such as newspapers and magazines (9%).

The report does not discuss the impact programmatic has had on ad budgets allocated by medium, but overall, it is beginning to have a profound impact among ANA members, with respondents reporting well into the double-digits of their total spending (see range of responses below).





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December 27, 2017 at 10:08AM

The Symbiosis Of Social And Programmatic

The Symbiosis Of Social And Programmatic

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Which came first? The acceleration of social media thanks to programmatic media-buying technology? Or the expansion of programmatic media-buying thanks to the inclusion of social media channels?

You don’t have to be an egghead to know the answer is a symbiotic one: the rapid expansion of piecemeal unstructured media impressions generated by the explosion of social media channels has created a void that couldn’t possibly be processed manually and could only be fulfilled programmatically.

Conversely, the ability to tame social media by using technology and -- perhaps more importantly, data -- to target consumers more effectively through social media channels, has contributed appreciably to the expansion of programmatic media-buying.

It’s no surprise that Facebook, Instagram, Twitter, Pinterest, Snap and others have taken a page out of Google’s self-serve targeting and media-buying automation to enable legions of advertisers and media buyers to easily adapt their platforms into their audience reach models and internal planning and buying system.

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We may never get an accurate accounting of how much of that has been impacting the long-tail of smaller brands, but we have a pretty good snapshot of how it is impacting the biggies, thanks to the recent release of the Association of National Advertisers’ Programmatic Media Buying report.

The report found that “social display” is now the fifth most prevalent platform for programmatic media-buying (cited by 45% of the ANA members participating in the survey), while “social video” now ranks sixth (35% citing).

Taming the torrent of social media opportunity is only part of the story. Perhaps the bigger effect has been the availability of behavioral data generated by social media users that can be used to improve the targeting of audiences programmatically.

Social data now ranks as the third most prevalent source of so-called “first-party” data used by brands to target consumers programmatically, just after their own in-house CRM data and website publisher’s cookies.

When it comes to the application of so-called “second-party” data -- data generated by walled gardens that brands can use to target consumers -- social media data ranks No. 1.





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December 27, 2017 at 09:38AM

How To Tell The Financial Health Of Digital, TV Shows

How To Tell The Financial Health Of Digital, TV Shows

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How do you explain the cancellation of an original digital TV show?

Don’t think you can use time-honored reasons. You need to be more clearly specific. We’re all for that.

In the traditional TV world, there is always talk about poor TV ratings -- or about key 18-49 viewers data -- when it comes to poor-performing shows. If not that, then perhaps a show’s poor time period is to blame.

In the digital world, CNN just stopped its 4-month-old “The Update,” produced on social-media platform Snapchat.  

One revealing explanation about why the program ended was a more specific financial reason; it couldn’t sell enough advertising. Specifically, that the program’s ad revenue-sharing deal with the site wasn’t going anywhere, according to reports.

We understand this because it is always about dollars and cents. And, of course, sense. We have advocated for some time at TV Watch that a TV show's effort should be reflected by an easier performance measure.

Say a big TV network show on a specific night pulled in $7 million in national TV advertising, versus another grabbing $5 million, and three others doing just $1 million a piece. Now we have a better -- though not perfect -- picture.

To be sure, stuff can be complicated -- especially when you don’t include factors such as carriage, affiliate or retransmission fees, local TV advertising revenue or even the value of show as a promotional tool for other TV shows or products.

National TV advertisers, of course, want to know much more these days. For example, how did their media/advertising money perform in selling products/service give a specific episode?

Take a cue from the theatrical movie business.

We know what “Star Wars: The Last Jedi” did in terms of U.S. box-office business over the last two weekends -- and pretty much what the production's budget was, according to many reports. So we all know where the financial health of this media/entertainment enterprise is going.

TV shows should embrace better future data stars — and leave out the metric wars.





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December 27, 2017 at 09:28AM

Brand Authenticity Key In Era Of Digital Overload

Brand Authenticity Key In Era Of Digital Overload

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In 2017, the media business bore witness and weathered a year of fake news and inauthenticity that has taken an industry based on facts and turned it on its head. Through the false application of what is and isn’t fake news, trust in media is unfortunately no longer what it used to be. That is a fact.

In 2018, it’s crucial to understand how media brands can set themselves apart in a time of endless choices, information overload and misleading news sources. In my view, three easy steps must be taken in order for media brands to differentiate themselves in an overcrowded digital ecosystem and maintain not just trust, but relevancy, with their audiences.

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Know What Your Brand Stands For. Shout It from the Rooftops.

In 2018, knowing one’s point of difference will become a must for media brands.

To succeed in today’s crowded digital space, brands and marketers need to take a moment to determine exactly who they are, what they stand for and how they can create a community-like bond with their audiences to overcome the trust issues facing media today.

Consumers need to see that media brands are paying attention to the causes and subjects their communities care about. The reporting and content covering these topics must find alignment with readers and their passions.

For example, Conde Nast recently created a “Next Gen” campaign targeting digital-focused millennials. They added digital accompaniments for a few of their older titles and launched social strategies, like Vogue’s Snapchat Discover and British Vogue’s Facebook Messenger bot, for personalized fashion news. This move from a veteran media company proves its investment in the new generation and drives interest among that target audience.

Whether a brand’s focus is social justice, lifestyle content, sports, etc., own it within the content produced, partnerships and interactions with target audiences. If asked, a reader should, without hesitation, be able to say what a media brand stands for. 

Stop talking about platforms and focus on activating your “tribe.”

Through the upcoming year, media brands need to ensure they show up in authentic ways for their audiences. Too many times, media brands are fighting the perception of the platforms where they are housed, particularly print or digital, instead of differentiating their brands through their storytelling voice and where they show up. 

The focus in 2018 that will set brands apart is creating these activations that speak to an audience, or “tribe,” in the manner that is most authentic. When brands see themselves as being more than a website or newspaper, so do their tribes.   

For example, The Next Web announced they changed their entire conference format this year to appeal to a significantly wider audience. They built in custom networking technology that supports their tribes of entrepreneurs, marketers, developers, etc., in making connections. Creating experiences that resonate with your audiences and seeking to meet their needs pushes a brand ahead of its competition and keeps them both relevant, and more trustworthy in this world of digital overload.

Have your tribe represent you.

Keeping your audience engaged and making them natural brand ambassadors is an essential final step in staying competitive in the industry. Brands must surprise and delight their tribes to get them to advocate for the brand 

At the USA Today Network, my company, we do this in a variety of less traditional, more unexpected ways. To get a variety of tribes engaged we host events around the country, including food festivals and awards for high-school athletes.  

To drive community across our local tribes and national audience, we recently refreshed and aligned the look of our more than 100 properties to deliver a sense of solidarity throughout our national and local publications. 

2018 is the year for media brands to own their point of difference, building a social connection with their audiences. It will be essential to zero in on the brand’s commitment and own it from every angle, from content to events to partnerships and beyond.  

In the next year, brands must give their tribes more, before someone else wins them over. 





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December 27, 2017 at 09:04AM

Blockchain Technology Becomes Revenue Booster, Fake News Fighter

Blockchain Technology Becomes Revenue Booster, Fake News Fighter

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The tumultuous and fast-paced world of blockchain technology and cryptocurrency hit the news with the insane rise and decline of BitCoin over the past several months. Then last week, when The Long Island Iced Tea Corp. renamed itself Long Blockchain Corp. its stocks soared by 200%. 

Those key words scream “invest in me now” and often many do. But to what end?

Several companies are poised to use the technology to address some longstanding problems in digital journalism: loss of revenue and the struggle to monetize content, as well as tackling fake news that undermines the work of credible outlets. 

Last week, Nasdaq.com wrote about the Smart Media Tokens (SMT) protocol, a new form of cryptocurrency being developed by 2016 startup Steemit. Steemit launched the popular social media platform Steemit.com, known for its ability to monetize the work of content creators with hundreds of dollars in payment for a post.

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On the Steemit website, bloggers post Reddit-style stories. The writer earns Steem Dollars, based on how well a story is received by the audience. Additionally, readers on the site are rewarded with Steem Dollars for engaging with the content. The higher a story’s ranking goes, the more money the writer earns.

Writers are encouraged to hold on to their cryptocurrency because their votes are valued higher, based on their holdings. 

Next, the company wants to utilize its cryptocurrency, ranked 32nd among 1,358 currencies followed by CoinMarketCap, to help publishers determine how to make the digital arena profitable for both the companies and the writers.

With the introduction of Smart Media Tokens, similar to Steem Dollars and designed to run on the Steem blockchain, Steemit will offer its currency to any media outlet that wants to participate. The potential of the cryptocurrency is believed by Steem to liberate websites and blogs by backing up content and user participation with SMT, rather than or in addition to traditional forms of revenue.

Meanwhile, 360 Blockchain Inc. is hoping to undermine fake news with the introduction of its platform Pressland, powered by blockchain technology with its own cryptocurrency. The company’s expects to issue its token in the second quarter of 2018.

Pressland believes it can fight the spread of fake news by incentivizing platform participants to contribute “intelligence, insights and other verifiable data about media outlets and media figures,” to the community.

“This data will then power a suite of tools designed to debunk fake news on other platforms, such as Facebook," stated Jeff Koyen, 360’s Strategic Advisor.

360 has several streams of proposed revenue for Pressland, including premium memberships and services for media, public relations and marketing professionals. There are also “products that can be licensed to Facebook, Twitter and other social-media platforms, giving them reliable turnkey solutions for debunking fake news and verifying news sources.”

Will cryptocurrency and blockchain technology breathe new life and trust into digital media and dubious social media practices? 

The novel approach made by each of these companies does provide a vision for how publishers can navigate new ways of survival via tech.





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December 27, 2017 at 09:04AM