Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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Working With the 'Frenemy': Publishers Both Optimistic and Cautious With Social Platforms - MediaShift

Working With the 'Frenemy': Publishers Both Optimistic and Cautious With Social Platforms - MediaShift | Public Relations & Social Marketing Insight | Scoop.it

Newsrooms are posting more of their content directly to social media platforms, but with little idea of what the rewards will be.
That insight comes from data presented by researchers at the Tow Center for Digital Journalism at Columbia University last week at a half-day event, “Digital News in a Distributed Environment.”

 

Researchers surveyed more than 40 journalists and news media executives, from both national and local brands, as well as eight executives from Facebook, Twitter, Instagram, Google and Snapchat. They also held a roundtable attended by fifteen social media and audience editors.

 

They found that a publisher’s business model is what determines its social media strategy – and no one solution works, said Claire Wardle, the research director at the Tow Center. While some publishers are optimistic about the new opportunities that social media provides, others feel powerless. And relationships between publishers and platforms are not always amicable, with one respondent referring to a platform as a “frenemy.”...

Jeff Domansky's insight:

traditional news media are still trying to figure note the benefits of social media.

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After GigaOm, The Non-VC “SimCity” Approach To Growing A Media Business — Medium

After GigaOm, The Non-VC “SimCity” Approach To Growing A Media Business — Medium | Public Relations & Social Marketing Insight | Scoop.it
Instead, it’s perhaps a warning to anyone taking VC. You’d better expect if you’re taking all that money, you have a plan so the VCs get a pay-off. Are you going to generate those millions invested and more so? Or do you really think someone’s going to buy you for absurd multiples based on potential value? If so, maybe the VC money makes sense. But just because some publications go that route, not all need to.

Let me conclude by saying again how sad I am to see GigaOm end so suddenly. I hope the journalists there quickly find new places to write, as I’m sure they will. I also debated writing anything about this at all, when the loss of GigaOm remains so personal to so many and is still being digested. But seeing others writing about what it all means in the grand scheme of publishing, I thought another perspective might be useful.
Jeff Domansky's insight:

Danny Sullivan offers a thoughtful perspective on the demise of GigaOm and the future on digital publications. Good read.  9/10

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Inside Forbes: What Journalists Must Know -- and Can Do -- About New Upheavals in the Ad World

Inside Forbes: What Journalists Must Know -- and Can Do -- About New Upheavals in the Ad World | Public Relations & Social Marketing Insight | Scoop.it

"Half the money I spend on advertising is wasted. The problem is I'm not sure which half." ~ John Wanamaker, Philadelphia department store magnate


It would appear Wanamaker’s lament, repeated by many who came after him, will finally be a thing of the past. One of the grand promises of the Internet was to make advertising more efficient. To a large extent it has, but not like what’s to come for big brands. I learned that first hand last month when we didn’t meet a marketer’s unstated expectation that 100% of its display ads on Forbes.com would be in view for readers to see.


Until recently, that wasn’t a standard contractual obligation. Then, the marketer told us it had monitored in-view rates with new ad technology. The industry calls it 100% ad viewability, and compliance presents daunting challenges for every publisher.


For journalists asking why they should care, it’s simple: the news business is about to dramatically change — again.


That’s actually a good thing. Journalism must adapt  – and it has — as digital publishing and social media continue to democratize the creation, distribution and marketing of content....

Jeff Domansky's insight:

Lewis DVorkin ponders the impact of new upheavals in the ad industry and journalism  Good news and bad depending on how publishers respond.

Marco Favero's curator insight, January 22, 2015 11:34 AM

aggiungi la tua intuizione ...

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A ‘Network and Brand,’ 30A Aims to Add $1 MIllion Revenue in 2016 | STREET FIGHT

A ‘Network and Brand,’ 30A Aims to Add $1 MIllion Revenue in 2016 | STREET FIGHT | Public Relations & Social Marketing Insight | Scoop.it

It sometimes looks as if the hyperlocal space is owned by commercial “pureplays” – the Yelps, Angie’s Lists and Weddings.com. These are the sites that most often seem connected to their often very vertical communities – and pull in the revenue, as documented in the new Borrell report.


News sites grind out their duty coverage of local arrests, fires and traffic snarls, but how often do they capture what’s special about their towns and stir up communal sprit? And even if they do achieve that, how often do they reap new revenue from their enterprise?


30A succeeds at both. Founder and CEO Mike Ragsdale sees 30A as far more than a website. “It’s a network, it’s a brand,” he says. 30A has plenty of new about the Santa Rosa Beach communities along the Gulf Coast of Northwest Florida, including the occasional story that might not sit that well with visitors who reach for too many cool ones (“Spring Break Safety: Sheriff, Seaside Take Stand Against Illegal Activities”) But it’s also three retail stores, 30A Radio, 30A Weddings.com and 30A VideoTours.com, and more....

Jeff Domansky's insight:

Mike Ragsdale's 30A is successfully covering the Santa Rosa Beach communities in Florida, covering daily minutiae while capturing what's special about the place. And he's showing how "local news" can make money. Real money!

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What It's Like Competing With VC-Fueled Media Startups

What It's Like Competing With VC-Fueled Media Startups | Public Relations & Social Marketing Insight | Scoop.it

It's an eye-opening report that looks beyond the hype surrounding these companies. Some of them are profitable (or at least claim to be), some aren't, but all of them have raised serious cash from starry-eyed investors (e.g., $96.3 million for BuzzFeed, $110 million for Vox).


The business press tends to regard such hefty sums as implicit evidence of success and/or promise -- why would venture capitalists risk so much scratch if there was no there there? -- but Michael reminds us that all of these companies rely, somewhat harrowingly, on advertising for revenue....

Jeff Domansky's insight:

New-media startups face the same business goal (eyeballs!) as legacy publishers. so why, asks Simon Dumenco, are venture capitalists so smitten with digital?

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