media: changing media landscape

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Changing Media Landscape History of Advertising • Cavewalls • Newspapers: Subsidize • Radio • TV Digital Marketing [email protected] University of Delaware #buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

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Slides for Digital Marketing Class: Changing Media Landscape

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Page 1: Media: Changing Media Landscape

Changing Media Landscape

History of Advertising• Cavewalls• Newspapers: Subsidize• Radio• TV

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 2: Media: Changing Media Landscape

Changing Media Landscape

Internet: New Channels (web & mobile)• Much more data: algorithms• More customizable• Direct feedback• More flexible

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 3: Media: Changing Media Landscape

Changing Media Landscape

Internet: New Channels (web & mobile)• More scalable• Less obtrusive• Flexible reach• Paid, owned and earned options

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 4: Media: Changing Media Landscape

Changing Media Landscape

Internet: New Channels (web & mobile)• Previous channels evolved with growth in

advertising• Advertising now a fixed percent of GDP• New channel takes $$s from existing channels

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 5: Media: Changing Media Landscape

Changing Media Landscape

Evolving Media Landscape• Monopolistic businesses; inertia– Print and digital separate operations

• Advertising $s subsidize media• Advertising $s are finite• PR on Social Media is a new Opportunity

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 6: Media: Changing Media Landscape

Changing Media Landscape

Evolving Media Landscape• Internet channel is number 2 in Ad $s

(eclipsed broadcast)• Print media is biggest victim• Mobile is an increasing part of digital

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 7: Media: Changing Media Landscape

Changing Media Landscape

Evolving Media Landscape• Channels were specific to content form • Traditional media companies shift and develop

internet channels• Print media, broadcast media and pure plays

all go head to head on internet

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 8: Media: Changing Media Landscape

Changing Media Landscape

Evolving Media Landscape• Internet Digital First “pure plays” emerge to

take ad $s:– Google and search: new category (10% of ad $s)– Facebook: new category (57% of ad rev. is mobile)– Buzzfeed: changes how media is produced

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 9: Media: Changing Media Landscape

Changing Media Landscape

Evolving Media Landscape• Costs are fixed: pushes price of content

towards zero• Integration across media is important• Hyper personalization vs. serendipity: Echo

Chamber

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 10: Media: Changing Media Landscape

Changing Media Landscape

Need to follow the consumer:• “Consumers redefining decades old

consumption habits” – Bloomberg CEO• Mobile-First millennials– Magazine is a broken iPad

• Increasing time spent on mobile device• Increasing time spent in Native Apps

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 11: Media: Changing Media Landscape

Changing Media Landscape

Need to follow the consumer:• Need to design an App: A habit ?– Versus Google News ?

• Need a Social Media strategy: Buzzfeed

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 12: Media: Changing Media Landscape

Changing Media Landscape

Print Media• Classified ads shifted to Craigslist• Loss of subscriber base• Online ad revenue not as valuable as print ad

revenue (2011: $1 gained is $7 lost)• Industry revenue dropped 50% in a decade

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 13: Media: Changing Media Landscape

Changing Media Landscape

Print Media• Impact on local paper not as big as Metro• Need to disrupt, or be disrupted (JCP)

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 14: Media: Changing Media Landscape

Changing Media Landscape

Print Media: Reaction• Phase 1: get web site, content on web

“additive” versus strategic• Add paywall ?• Move from Print First to Digital First ?• Change print schedule, content & editorial

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 15: Media: Changing Media Landscape

Changing Media Landscape

Print Media: Reaction• Use data: Focus on “reader experience”• Buzzfeed effect (New York Times)– Journalism– Discoverability (Clickable, SEO etc)– Engagement

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 16: Media: Changing Media Landscape

Changing Media Landscape

Print Media: Reaction• Guardian’s Known Strategy– Membership versus Paywall

• App Strategy (unbundle)

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 17: Media: Changing Media Landscape

Changing Media Landscape

Broadcast Media: Reaction (ad $s still decent)• Add internet channels• Continued fragmentation– Cable, satellite

• Consumers shifting devices• Develop internet / print content

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 18: Media: Changing Media Landscape

Changing Media Landscape

Broadcast Media: Reaction (ad $s still decent)• Linear TV to Internet TV• Live events versus programming• Pure Plays:– Netflix– Hulu etc.

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes

Page 19: Media: Changing Media Landscape

Changing Media Landscape

Broadcast Media: Reaction (ad $s still decent)• Net Neutrality issues: – Comcast versus Netflix

• Internet Streaming TV– Apple TV– Google Chromecast– Roku

Digital Marketing [email protected] University of Delaware

#buad477 follow @alexbrownracing http://www.udel.edu/alex/classes