media: changing media landscape
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Slides for Digital Marketing Class: Changing Media LandscapeTRANSCRIPT
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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