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1 Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis

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Page 1: Measuring and Tying Media Coverage to …...Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis #PRNews:

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Measuring and Tying Media Coverage to Organizational Goals

April 21, 2017Chris ScullySenior Media Intelligence AnalystLexisNexis

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 2

Linking Media Performance to Organizational Results

A Basic Approach:• Craft your PR strategies and tactics to support

your organization’s overall objectives.

• Set SMART goals in relation to these strategies and tactics.

• Track your progress in achieving these goals.

• If possible, track your organization’s overall results – especially those you’re working to support – to see if you may be affecting progress.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 3

Linking Media Performance to Organizational Results

A Basic Approach• A basic approach provides you with hard data demonstrating how your efforts are

contributing to organizational goals. Examples could be:

• “To improve brand awareness, we instituted a Twitter campaign to double our followers in 6 months. We went from 4,000 in October 2016 to 8,500 in March 2017.”

• “To increase sales, we sought to place at least 5 stories per month on local TV after averaging only 1 per month last year. Through 9 months, we have averaged 7 stories per month. This has coincided with a 4 percent increase in sales year-to-date”.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 4

Linking Media Performance to Organizational Results

A More Advanced Approach:

• Follow the basic approach steps, but add a layer.

• Determine if any strong statistical correlations exist between changes over time in your media performance and organizational goals.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 5

A Primer on Statistical Correlations

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Statistical Correlations� Positive Correlation (R Value = 0.01 Æ 1.0)

• Variables move in tandem • Positive Correlation Examples:

1. Height and Weight2. Age and Mortality Rate

� Negative Correlation (R Value = -0.01 Æ -1.0)• Variables move in opposite directions • Negative Correlation Examples:

1. Amount of Exercise and Body Fat2. Standardized Math Scores & Distance from Canadian Border

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Interpreting Statistical Correlations

-1 -0.75 -0.5 -0.25 0 0.25 0.5 0.75 1

R Values and their Meaning

Strong Correlation

ModerateCorrelation

WeakCorrelation

NoCorrelation

Perfect Correlation

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Understanding Statistical Correlations� A strong Correlations does

not necessarily mean a Cause and Effect Relationship exists• Strong correlations can

occur through chance and randomness

� The longer a strong correlation exists, the less likely it is occurring by chance

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 9

Case Study:Do Strong Correlations Exist

between President Trump’s Media Performance and Public Approval

Ratings?

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 10

President Trump Case Study

President Trump seeks to maximize his public approval as a means to further his goals and objectives. Strong public approval:9 Empowers his agenda9 Enhances his sway with Congress9 Improves his standing with foreign allies

and adversaries

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President Trump Case Study

FiveThirtyEight.comcompiles survey results and uses them to estimate President Trump’s overall public approval & disapproval ratings on a daily basis.

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President Trump Case Study

Since January, I have tracked President Trump’s performance in the country’s most influential media by: � Daily Story Volume� Coverage Sentiment

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President Trump Case StudyExamples of Media Tracked

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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Undertaking Correlation Analyses on Your Own

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Undertaking Correlation Analyses� Any media performance metric may be used so long as the

data is longitudinal. Common metrics used include:• Overall Volume• Audience Reach • Share of Voice• Volume of Positive Coverage• Volume of Negative Coverage• Impact Score

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Undertaking Correlation Analyses� Any organizational results may be used so long as the data is

longitudinal. Common results used include:• Sales Results / Donations• Web Traffic• Customer Satisfaction• Brand Awareness

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Undertaking Correlation Analysis� Organize and run correlations for your data in a variety of time

frame increments to identify lead-lag time• One-month periods, two-month periods, etc.• The more significant the action in question, the longer the lead-

lag time is likely to be; the more whimsical the action, the shorter the lead lag-time is likely to be.

� Make sure the media coverage appears before the organizational result occurred Yes: February’s media coverage to March’s sales results; March 1-15’s media coverage to March 16-31’s sales results No: All of February’s media coverage to all of February's sales results

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Key Takeaways• Craft your PR strategies and tactics to support your

organization’s overall objectives.

• Set SMART goals for these strategies and tactics.

• Track your progress in achieving these goals and track in relation to organizational results.

• Use correlation analysis techniques if feasible to uncover statistical evidence suggesting a link between your media coverage and changes to organizational results.