fipp may 2015 what media agencies want
TRANSCRIPT
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What a media agency expects from magazine publishers
Bernard Cools, SPACE
May 18, 2015
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• Measure the return on investment
• Implement & follow up schedules
• Negotiate & buy the correspondingad placements
• Plan campaigns in every medium used
• Design relevant strategies
• Identify the right target groups
• Spot evolutions in consumption trends
http://www.udecam.fr/agencesmedias.html
Reminder: the 7 missions of the media agency
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• Measure the return on investment
• Implement & follow up schedules
• Negotiate & buy the correspondingad placements
• Plan campaigns in every medium used
• Design relevant strategies
• Identify the right target groups
• Spot evolutions in consumption trends
Often the only part of the work publishers are aware of
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So what do we want as media agency ?
Simplicity State of the Art inputs
Sense of reality S…
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Simplicity… whenever there is not much value involved
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The context
Pitches:
procurement in driving seat
Increasedpressure on costs
for standard processes
Streamline all lowvalue tasks:
productivity as obsession
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Higher value
Low (process) value
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Make it simple or die in Belgium
Ground breaking researchPoor (& double) exploitationNo « real life » implementation
Awarded researchTranslated into actionable indexes
Plan to include in the currency study
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And in particular…
Make (or keep) your offer:
Quickly understandable
Fast to implement (high tech look, low tech back office)
Easy to report on
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State of the art inputs… because sophistication also matters, when there is value creation attached !
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Accuracy
Ve
locit
y
Current audience research magazines
Market needsReadershipresearch
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State of the art: what about NET ?
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Sense of realityThe world we live in implies choices
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We did not want the highest[readership] figures, but the most
reliable ones
Once heard at the Print & Digital Research Forum…But nowhere else !
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Wanted: more realistic audience reportingSales
Advertising
response
Advertising
persuasion
Advertising
attentiveness
Advertising
communication
Vehicle
exposure
Vehicle
distribution
Advertising
exposure
Typical magazine metrics
TV & digital standards
Source: Futsæter, Østnes and Sandvik (2009) “The NEW NRS IN Norway– from air to extended currencies for newspapers”, WRRS Valencia
Objective should be to climb the effect pyramid :≥ granular ad reachinstead of aggregated medium reach
Engagement
Magazine Media 360
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It is anyway the direction advertisers want
How many readers do my newsbrand gather ?
How many consumersdo my ad reach ?
How often?How persuasively ?
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The « Dutch way »: how to (begin to) cope with ad exposure metrics in paper
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Additional Swedish input on digital & ad contacts
“it is not a relevant assumption that a media planner would buy 100 % of a sites share of voice [sic] and it actually makes the publishing house package [sic] look rather less favourable than could otherwise be the case. “
“Print brands need to take page views, share of voice buying and capping into account when they create their advertising packages.”
Peter Callius, Niklas Ekman & Peter Masson (2013),
The true and total levels of print readership. The Four Streams of Print Readership
Print & Digital Research Forum Nice
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Sexyness… because media people are also human beings
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« Media people own much more devices for media consumption [...] and use the Internet much longer; and project their own media behaviour to the rest of the population »
Source: Jan Isenbart (2014) « The miracle food- Discovering the power of TV » in Coll. International screens key facts, IP Network pp.151-152
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So, go (meaningful) digital (1)
Tablet on Saturday, paper on following Tuesday15,000 new subscriptions (= 13% of sales in 2014)
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So, go (meaningful) digital (2)
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Do not forget absolute figures (trends do not tell all the story)
303,411 new salesprint+digital weekly
6,6% of HH
240,834 new sales
5,3% of HH
198,660 new sales
4,3% of HH
101,606 new sales
2,2% of HH
4,570,000 households
Sources: Eurostat (2012) for households. CIM auditing 2014 for paid circulation
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And please, keep on demonstrating ROI
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In short
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In short
Crisis you said ?? I am afraid it is time to invest:
in smart research
in effective tools
in digital
in enthusiasm ( yes also !)
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But arguably we are at a pivotal moment
« There is an argument at the moment going on about the effectiveness of newspapers and magazines, even in
their traditional form, and maybe theyare more effective than people give
them credit [for]. »
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Subjective ?
Short sighted ?
Arrogant ? Digital skewed ?
Too Belgian ?
Ignoring efforts ?
Unrealistic ?
Outdated ?Opportunistic ?
Weird?