Wednesday, August 20, 2025
Home Blog Page 56

The Following 18 Retailers at Risk of Bankruptcy

0

CMOs beware: A bunch of companies are running the risk of going bankrupt, according to FRISK scores.

It’s no secret that the economy has been in a bit of a slump lately. As demand wavers and capital gets harder to find, a lot of companies are running the risk of going bankrupt—and, according to FRISK scores, a bunch of them actually are.

For those of you who don’t know, FRISK is a predictive bankruptcy model that takes into account things like cash flow, liquidity, and solvency. And according to its latest scores, a lot of companies are in danger of hitting rock bottom. In fact, the number of companies with a “distressed” FRISK score—meaning they have at least a one-in-ten chance of going bankrupt within the next 12 months—has been rising steadily for the past few quarters.

What does this mean for CMOs? Well, for one thing, it means that your job just got a lot harder. With so many companies on the brink of bankruptcy, it’s going to be more difficult than ever to find the funding you need to keep your operations running smoothly. And even if you do manage to find the funding you need, there’s no guarantee that your company will be around long enough to make use of it.

Of course, there are always ways to cut costs and increase efficiency—but in an environment as uncertain as this one, even those measures may not be enough to save your company from bankruptcy. So what can you do? Well, you could try diversifying your income sources or finding new markets for your products and services. But at the end of the day, there’s no surefire way to protect your company from bankruptcy when so many others are struggling just as much as you are. All you can do is hope for the best and prepare for the worst.

If you’re a CMO, now is the time to be extra careful with your company’s finances. With so many businesses on the verge of bankruptcy, it’s more important than ever to make sure you’re not overspending or putting all your eggs in one basket. Diversify your income sources, cut costs where you can, and hope for the best—because in an economy like this one, that’s really all any of us can do.

The Rise of Influencer Burnout and How CMOs Can Respond

0

A new survey from affiliate marketing platforms Awin and ShareASale paints a grim picture of the mental health of online influencers. The study found that nearly 80% of respondents suffer from burnout, with 66% saying it impacts their mental health. This level of stress and anxiety is driving just under half (49%) of influencers to seek out alternative income streams.

So what’s behind this epidemic of burnout? According to the survey, the leading cause of anxiety for influencers is constant platform changes (cited by 72% of respondents). This is followed by unmanageable workloads (69%), unrealistic expectations (67%), and social media comparisons (66%).

As CMOs, we need to be aware of the mental health risks our influencers are facing and take steps to mitigate them. Here are three things you can do to start:

  1. Educate yourself on the signs and symptoms of burnout. There’s no shame in admitting that you’re feeling burnt out. In fact, it’s actually quite common. Symptoms of burnout include feelings of exhaustion, irritability, and difficulty concentrating. If you’re experiencing any of these symptoms, it’s important to take some time for yourself and educate yourself on the signs and symptoms of burnout.
  2. Make sure your contracts are clear and realistic in terms of workload and deliverables. It can be tempting for influencers to take on any and every job that comes their way. However, it’s important to make sure that your contracts are clear and realistic in terms of workload and deliverables. Otherwise, you may find the influencers overwhelmed – and underpaid! – for their work. So take the time to read through your contracts carefully, and make sure that you understand exactly what is expected of the influencers and if it’s reasonable. I
  3. Encourage open communication between you and your influencers so they feel comfortable raising any concerns they may have. Building good relationships with your influencers is essential to the success of your business. After all, they are the ones who are helping you to reach a wider audience and promote your products or services. But just like any relationship, communication is key. Make sure that you encourage open communication between you and your influencers. Let them know that you are available to answer any questions or address any concerns they may have. This will help to build trust and ensure that they feel comfortable working with you. In turn, this will result in more successful campaigns and a stronger partnership between you and your influencers.

By taking these steps, we can help prevent influencer burnout before it starts. And that’s good for everyone involved—influencers, brands, and consumers alike.


The mental health of online influencers should be a top concern for CMOs. With nearly 80% of respondents suffering from burnout, it’s clear that something needs to be done to mitigate the stress and anxiety that influencers are facing. By educating yourself on the signs and symptoms of burnout, making sure your contracts are clear and realistic, and encouraging open communication between you and your influencers, you can help prevent this epidemic before it starts.

A New Chief Content Officer for Chicken Soup for the Soul Entertainment

0
Edited in Prisma app with Cartoon

Chicken soup for the soul has long been known as a purveyor of feel-good content. Now, the company is looking to bring that same warmth and positivity to its streaming offerings. To that end, they’ve tapped Phil Oppenheim, a veteran in the streaming industry, to fill the newly created role of chief content officer.

In his new role, Oppenheim will be tasked with spearheading content strategy across the company’s physical and streaming brands, including AVOD service Crackle and video rental company Redbox. He will report directly to Chicken Soup for the Soul’s president Jonathan Katz.

Oppenheim comes to Chicken Soup for the Soul with over 20 years of experience in the entertainment industry. He most recently served as SVP of Content and Operations at Jukin Media, where he oversaw a portfolio of over 50 digital media brands. Prior to that, he held senior roles at AOL and Yahoo. In his new role at Chicken Soup for the Soul, Oppenheim will be responsible for growing the company’s footprint in the streaming space and expanding its reach to new audiences.


The Importance of Quality Content
As more and more people turn to streaming services for their entertainment needs, it’s becoming increasingly important for content providers to offer quality programming that can compete with the likes of Netflix, Hulu, and Amazon Prime Video. That’s where Oppenheim comes in. With his deep understanding of the streaming landscape and vast experience in content curation, he is uniquely positioned to help Chicken Soup for the Soul meet the demands of today’s discerning viewers.

In an age where there is an almost overwhelming amount of content available at our fingertips’ tips— much of it of questionable quality— it’s more important than ever to have someone like Oppenheim at the helm who can help sift through the noise and deliver only the best stories that will resonate with viewers. And if there’s one thing we know about Chicken Soup for the Soul, it’s that they have a knack for finding those special stories that touch our hearts and leave us feeling uplifted. We have no doubt that under Oppenheim’s leadership, Chicken Soup for the Soul will continue to be a leading provider of feel-good content that everyone can enjoy.

“The Man Who Sold the World” Joins Ad Net Zero

0

John Osborn, who stepped down as CEO of OMD earlier this year following a 30-plus year career at Omnicom, has joined advertising decarbonization platform Ad Net Zero as director of its U.S. operations.

His appointment follows Ad Net Zero’s rollout during the Cannes Lions festival last summer, which was endorsed by Dentsu, Havas, Interpublic, Omnicom, Publicis and WPP, as well as client Unilever, and big tech companies Google, Meta and Europe’s Sky.

As director of U.S. operations for Ad Net Zero, Osborn will be responsible for helping the company meet its goal of making the advertising industry carbon-neutral by 2030. He will also work with brands and agencies to develop strategies for reducing their carbon footprints.
Osborn is no stranger to the world of sustainability; during his tenure at OMD, he helped the agency become a leader in sustainable marketing practices. Under his leadership, OMD won recognition from Climate Change Business Journal as the “Best Advertising/PR Agency” for its work on behalf of Walmart and other clients. In addition, Osborn was instrumental in OMD becoming the first signatory of The Carbon Neutral Protocol—a set of standards for businesses seeking to offset their carbon emissions.

At Ad Net Zero, Osborn will be working with CEO Nina Schultz and COO Stefan Schmidt to help the company meet its ambitious goals. “John is a visionary leader with a proven track record of championing sustainable business practices,” said Schultz in a statement. “We are thrilled to have him on board as we continue our mission to decarbonize the advertising industry.”


Osborn’s appointment is a coup for Ad Net Zero; his experience and expertise will be invaluable as the company looks to meet its goals over the next decade. It’s also a clear signal that sustainability is becoming an increasingly important consideration for ad agencies and their clients—a trend that is sure to continue in the years to come.

Attention is the New Visibility

0

With attention metrics and technology starting to gather pace in the industry, the time is now for marketers to improve the ad experience for consumers. Until most recently, it’s been a lot of theory that the best attention-grabbing placements are going to be the ones you want and will pay a bit of a premium towards. We’ve never been really able to understand directly, which ones are actually grabbing the right attention, and to help plan and organize around that. But that’s all changing.

First, let’s define what attention is. Attention is generally defined as the amount of time someone spends looking at an ad Attention metrics refer to the ways in which we can measure how much attention an ad or piece of content receives. This can be anything from dwell time and mouse hover data to eye-tracking technology. By understanding which placements are receiving the most attention, marketers can make more informed decisions about where to place their ads and how to create better content. In short, attention metrics have the power to revolutionize marketing.

The reason that attention is getting so much debate and why clients are so eager for it is because we tried clicks and that didn’t really work. We realized that clicks are not really adequate. The next thing along seems to be attention but the problem is that attention inherently relies on the creative being considered into how much attention you’re going to get.

Let’s say, for example, you have two ads. One is really good and one is not so good. The one that’s really good is going to get more attention than the one that’s not as good. That’s just the nature of advertising. So what we’re really saying when we’re talking about attention as a metric is that we’re trying to reward creativity.

The problem with that, of course, is that it’s very difficult to measure. And so, a lot of times what will happen is you’ll have a situation where an ad gets a lot of attention but it doesn’t necessarily translate into sales or whatever the desired outcome may be. Conversely, you could have an ad that doesn’t get a lot of attention but it converts really well. So there’s this kind of tension between those two things.

What I think ultimately needs to happen is that we need to find a way to reward both sides of that equation—the ads that perform well and the ads that are creatively interesting. I think if we can do that, then we can start to move away from this click-based model where everything is measured in terms of how many people clicked on an ad and start measuring things in terms of actual impact.

If attention metrics can indeed help businesses create more effective ads, then there are a number of potential benefits that could result from their use. For one thing, fewer people would install ad blockers if they were only ever shown ads that were relevant to them. In addition, businesses would save money by not having to create and display as many ads, since they would only be creating and displaying those that were most likely to be seen and remembered. Finally, the general public would likely have a more positive view of advertising if it was less invasive and more targeted.

The good news is that there’s already a lot of interest in this area. In fact, a recent study by eMarketer found that nearly two-thirds of CMOs are interested in using attention metrics to improve their campaigns. And with good reason; if used correctly, attention metrics have the potential to revolutionize the way we think about advertising.

Only time will tell whether or not attention metrics will be able to save the ad industry. However, the potential benefits are clear—and if this new method of measuring ad effectiveness can indeed help businesses create more targeted and less invasive ads, then it just might be able to turn things around for an industry that is in dire need of a makeover.

Q&A with Mike Follett of Lumen Technologies on Attention

0

1) Who are you? My name is Mike Follett and I am a founder and CEO of Lumen. I have spent my entire career making communications more effective, starting as a planner with the DDB group in London, New York and Mumbai, before returning to the UK to work for Tesco’s advertising agency. I founded Lumen Research in 2013 and have built it up over the last nine years into the leading attention technology company.

2) What is your role at Lumen Research?

I am one of the founders and CEO. I also do a lot of washing up in the office.

3) What is Lumen Research doing for the advertising industry?

Lumen uses eye tracking to measure and predict the reality of visual engagement. Our technology converts the webcam on a user’s phone or desktop computer into a high-quality eye-tracking camera, capturing not only what users can see, but also what they actually look at.

The company has large-scale permanent panels in the US and the UK, and temporary panels across many other global markets. These panels are recruited to be nationally representative and fully GDPR compliant.

4) What is your partnership with TVision doing and how will it improve TV advertising?

TVision is developing a UK-based, opt-in panel to measure person-level TV viewing and engagement, collaborating with Lumen’s digital measurement to enable UK marketers to easily compare engagement across media.

The combination of TVison’s TV and CTV attention data and Lumen’s digital attention data allows advertisers to access a holistic picture of viewer engagement from a single platform.

Within this platform, brands can determine new metrics, such as which campaigns engage viewers best and when they wear out; which media placements deliver optimal attention; how attention can be improved across platforms; and the relationship between TV and digital campaign attention.

5) Why do you feel the need to work on this platform?

Ads work best if people are paying attention. The advertising industry understands this basic premise, but measuring and quantifying attention and its impact, and optimising campaigns based on that data, is a recent development. Lumen and TVision are helping drive industry advancement by arming brands with powerful attention insights

Why CMOs Should be Paying Attention to Convergent TV

0

If you’re a CMO, there’s a good chance you’ve been hearing a lot about “Convergent TV” lately. But what is it? And why should you care? In short, Convergent TV is merging digital audience targeting techniques with linear TV content into one balanced, closed ecosystem that aims to eliminate the open market of ad buying and selling, creating the most optimal ad exchange. 

 Sounds great so far, right? And it is! But some wrinkles still need to be ironed out before it can truly become the game-changer it has the potential to be. Here’s everything you need to know about Convergent TV so that you can make an informed decision about whether or not it’s right for your brand.

Convergent TV is the brainchild of a group of media companies that came together with the goal of simplifying the complex and often confusing world of digital advertising. The idea is to create a unified platform where all forms of TV content (linear, digital, etc.) can be bought and sold in one place using a single currency. This would eliminate the need for brands to buy separate ad packages for each type of content, making TV advertising simpler and more efficient. 

One of the main benefits of Convergent TV is that it would allow brands to target their ads more precisely than ever before. Using data from connected devices, Convergent TV would give brands the ability to target specific households with tailored messages based on their viewing habits, interests, and demographics. This would allow for much more customization than is currently possible with traditional linear TV advertising. 

Another benefit of Convergent TV is that it would help brands reach cord-cutters and cord-nevers—two groups that have been notoriously difficult to target with traditional TV ads. By offering a unified platform for all forms of TV content, Convergent TV would give brands the ability to reach these audiences through digital channels such as streaming services and social media platforms. 

There’s no question that advertising is in a state of flux. With the rise of ad-blocking software and the impending death of the third-party cookie, many brands are struggling to reach their audiences online. But there’s one silver lining in all of this: TV. Thanks to relationships between ad-tech vendors and digital TV providers, targeting is based on data like IP address and not proxies based on cookies. This means that TV is in a much better position to take over advertising in the coming years. Here’s why:

1. Ad blocking software is a growing problem for digital advertisers. This software prevents ads from loading on websites, meaning that brands pay for ads that their audiences never even see. But TV ads can’t be blocked in the same way. Ad-blocking software only works on web pages, so it can’t touching commercials that are aired on television. This gives TV a major advantage over digital when it comes to ad delivery.

Ad blocking software is a growing problem for digital advertisers. This software prevents ads from loading on websites, meaning that brands pay for ads that their audiences never even see. The result is wasted advertising spend and frustratingly low ROI for marketers.

TV Ads are still relevant because ad-blocking software only works on web pages, it can’t touching commercials that are aired on television. This gives TV a distinct advantage when it comes to ad delivery. Not only does TV have a higher chance of reaching its intended audience, but it also has a better chance of driving brand awareness and product consideration. For these reasons, TV should still be a key part of any advertising mix.

2. The death of the third-party cookie won’t affect TV advertising. Another challenge facing digital advertisers is the impending death of the third-party cookie. Third-party cookies are being phased out because of privacy concerns. Some users don’t like the idea of being tracked across the internet, and there have been a few high-profile incidents where companies collecting data from third-party cookies have had their data breached. As a result, Google, Firefox, and Safari have all announced plans to phase out third-party cookies within the next few years.

This cookie is used to track user behavior online, but it’s scheduled to be phased out by Google, Firefox, and Safari in the next few years. without this cookie, brands will have a much harder time targeting their ads to specific audiences. But since TV advertising doesn’t rely on cookies, this change won’t affect it. This means that it will become even more important for reaching consumers as digital advertising becomes less effective.

3 .TV providers are already using sophisticated audience analytics and targeting capabilities. While many brands are just now waking up to the power of TV advertising, TV providers have been using sophisticated audience analytics and targeting capabilities for years. This means that they have a wealth of data that they can use to target specific demographics with specific messaging. And as TV providers continue to hone their craft, they’ll only become more effective at reaching their audiences.

With programmatic CTV, ads can be served in real-time based on a variety of factors such as location, demographics, and even viewing habits. This level of targeting ensures that your ads are being seen by the people who are most likely to be interested in your product or service—and that means more conversions and ROI for your business.

In addition to being able to target your ads more accurately, CTV also offers better analytics than traditional TV advertising methods. With deterministic linear CTV analytics, you can see exactly how many people saw your ad and when they saw it. This level of transparency is invaluable for developing future campaigns and making sure that your advertising budget is being used effectively.

So what’s holding Convergent TV back from becoming a reality? The short answer is that some kinks still need to be worked out before it can truly become a game-changer. For one thing, the platform is still in its early stages and has yet to sign any major partnerships with media companies or advertisers. Additionally, Convergent TV faces stiff competition from other ad-tech companies who are also vying for a piece of the pie.  What’s your opinion?

Q&A with Dave Morgan, CEO of Simulmedia on Television Convergence

0

Dave Morgan is the CEO and founder of Simulmedia. He previously founded and ran both TACODA, Inc., an online advertising company that pioneered behavioral online marketing and was acquired by AOL in 2007 for $275 million, and Real Media, Inc., one of the world’s first ad serving and online ad network companies and a predecessor to 24/7 Real Media (TFSM), which was later sold to WPP for $649 million. After the sale of TACODA, Dave served as Executive Vice President, Global Advertising Strategy, at AOL, a Time Warner Company (TWX). 

Who are you, and what do you do?

Dave Morgan, a serial several time entrepreneur in adtech. I founded and run Simulmedia, an automated platform for brands and agencies to buy targeted video ads across all of streaming and linear TV.

When you look back to the 1990s at RealMedia, did you expect the industry to become so automated? Why or Why not?

I did not anticipate the programmatic automation that we have today in advertising. I certainly expected the precision part of it, but I didn’t come from a Wall Street background and didn’t have the context of programmatic trading.

When was your start in the convergent TV space?

My start in convergent TV was actually back in 1998 in Europe with Real Media, where we served and sold addressable TV ads across 3 or 4 million households in the UK, France and Switzerland in partnership with  NTL, Cable & Wireless, France Telecom and Swisscom. When the dot com bubble burst, we ended up shutting down the initiative, but what we learned there was very much on my mind when I started Simulmedia 20 years later in 2008.

Why is there not a single industry standard yet for interoperable, cross-screen addressability

Linear TV and digital people, whether on the buy side or sell side and certainly on the measurement side are still very siloed, and still interact like oil and water at times.  

Few have learned the nuances of the other and thus have difficulties finding middle grounds to work together on standards. It hasn’t helped that Nielsen, which dominates TV audience and measurement standards in the US, has been incredibly slow over the years to deploy its own unified standard.

 I’m hopeful that will change with their new product Nielsen One, but the emergence of a dozen or so companies with alternative currencies on the CTV side means that the evolution is likely to be messy for years to come.

What do you see to be the key to prevent inundating consumers with too many ads?

Reducing the  amount of irrelevant, redundant ads that consumers get is a real need. Fixing it starts with caring.

 Right now, too many companies are happy to add another bad ad if they can make more money. As streaming TV ads become more programmatic, I fear that we’ll replicate the banner model where any advertiser can get their ad aired as long as they’re willing to pay a penny more in an auction 10 milliseconds before the ad avaia runs.

 I would like to see some of the streaming services focus on ad experience as a differentiator. Netflix says that they are going to innovate here. Let’s see how they do.

Inside Warner Brothers Discovery’s Global Townhall

0

Warner Bros. Discovery held a company-wide town hall on Wednesday, with CEO David Zaslav and his top creative deputies discussing the state of the company, and their vision for the future. Zaslav was joined by HBO chief Casey Bloys, WB film chiefs Michael De Luca and Pamela Abdy and WB TV topper Channing Dungey.

Zaslav emphasized that he and his team are committed to the long-haul as a “pure play content company,” and is not thinking about dealmaking, despite sale rumors. “We have everything we need to be successful,” he said. “There’s no looking around corners for us. We are completely focused on executing our plan.”

Bloys echoed Zaslav’s sentiment, saying that HBO is in a “good place” creatively and financially. He also announced that HBO will be launching a new streaming app in 2020 that will include both linear and on-demand content. The app will be available to all subscribers, regardless of whether they have a cable or satellite TV package.

De Luca said that Warner Bros. is experiencing a “renaissance” in film, thanks to hits like “Joker” and “IT Chapter Two.” He also revealed that the studio is working on a number of high-profile projects, including a new “Batman” movie, a DC Comics universe film centered on The Joker and Harley Quinn, and a sequel to “The Conjuring.”

Dungey said that Warner Bros. TV is having a “historic year,” thanks to hits like “Riverdale” and “The Big Bang Theory.” She also announced that the studio is working on several new shows, including a reboot of “Party of Five” and a spinoff of “The Walking Dead.”

In conclusion, Zaslav said that Warner Bros. is committed to creating the best content possible for its fans. “We are laser focused on executing our plan and we are not going to be distracted by shiny objects,” he said.

Inside Twitter’s Child Pornography Problem

0

Social media platforms have been under increasing scrutiny in recent months for their failure to police content effectively. The latest example comes from Twitter, where several major advertisers have pulled their ads after learning that they were appearing alongside tweets soliciting child pornography. This is a serious problem, and one that CMOs need to be aware of.

Ecolab, Dyson, and Mazda are just a few of the companies that have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography.

Twitter has long been plagued by fake accounts and bots, which exist for the sole purpose of spreading spam or posting inflammatory content. In recent months, the platform has taken steps to crackdown on these accounts. However, it appears that child pornography has become rampant on the platform.

According to a new report from Ghost Data, ads for at least 30 brands have appeared on the profile pages of Twitter accounts that contain links to exploitative material.

The brands range from Walt Disney Co, Comcast Corp’s NBCUniversal and Coca-Cola Co to a children’s hospital. This is a huge problem, not just for the affected companies, but for society as a whole.

It’s still unclear exactly how the ads ended up on these accounts.

It’s possible that the advertisers were targeted by scammers who set up fake accounts in order to get paid for clicks on their ads.

It’s also possible that the ads were placed manually by someone working for the advertiser who wasn’t aware of the nature of the content. Either way, it’s unacceptable.

This is a serious issue, and one that could damage Twitter’s reputation irreparably if not addressed quickly and effectively. CMOs need to be aware of the risks associated with advertising on social media platforms like Twitter, and they need to consider whether the benefits outweigh the risks.

In a statement to Reuters, Twitter said it was “sorry” for the situation and is taking steps to prevent it from happening again in the future.

Twitter also said that it is working on evolving its policies so that this type of content will be flagged more easily. However, some are skeptical about how effective these measures will be, given that Twitter has been struggling with moderating offensive content for years.

As a corporate advertiser, it is your responsibility to be aware of the content your ads are appearing next to. A recent Reuters review found that some tweets include keywords related to “rape” and “teens,” and appeared alongside promoted tweets from corporate advertisers. In one example, a promoted tweet for shoe and accessories brand Cole Haan appeared next to a tweet in which a user said they were “trading teen/child” content.

We’re horrified,” David Maddocks, brand president at Cole Haan, said after learning about how their ads were helping fund child porn. “Either Twitter is going to fix this, or we’ll fix it by any means we can, which includes not buying Twitter ads.”

This comes only months after child-safety advocates basted Twitter and lined up to support a lawsuit that alleges the social network declined to remove videos depicting the sexual exploitation of minors despite pleas from a victim and his family. The lawsuit, filed in federal court in San Francisco on Wednesday, claims Twitter “knowingly profited from child sex abuse” by allowing the videos to be disseminated on its platform.

The lawsuit against Twitter was brought by the parents of two minors who were sexually abused and had the videos of their abuse shared on Twitter. The parents allege that Twitter knew about the videos but refused to take them down despite multiple pleas from the family. The family is seeking damages for emotional distress, negligence, and intentional infliction of emotional distress.

The National Center for Missing and Exploited Children, which works closely with the federal government to fight the sexual exploitation of children, supports the lawsuit because of Twitter’s alleged refusal to take down the videos despite the family’s pleas. In an email to The Examiner, the NCMEC said, “The facts in this case are especially egregious because the electronic service provider was aware of the child victims’ graphic sexual images and refused to remove the videos from the platform.”

This latest news is sure to give pause to any advertiser who is considering running ads on Twitter. After all, no company wants to be associated with tweets about rape or pedophilia, no matter how accidental the placement may be. In the age of social media, where one misstep can quickly turn into a full-blown PR disaster, advertisers have to be extra careful about where their ads appear.

The Journalism Competition and Protection Act – A Boon for CMOs?

0
United States Senator Amy Klobuchar (Democrat of Minnesota) questions a witness during the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights Hearing to examine the impact of consolidation on families and consumers, focusing on baby formula and beyond, on Capitol Hill in Washington, D.C., Wednesday, June 15, 2022. Credit: Cliff Owen / CNP (Newscom TagID: dpaphotosfive842981.jpg) [Photo via Newscom]

A bill that would let most news outlets collectively negotiate with dominant tech platforms for compensation to distribute their content advanced out of a Senate committee Thursday, with Senators Amy Klobuchar (D-Minnesota) and Ted Cruz (R-Texas) striking a deal. The Journalism Competition and Protection Act aims to help local and smaller news outlets negotiate by leveling the playing field with tech giants like Google and Facebook. But what does this mean for CMOs?


First and foremost, it’s important to note that the bill still has a long way to go before becoming law. That said, if it did become law, it would have implications for the way that news is distributed online – and that could have big implications for the way that CMOs allocate their budgets.

Right now, Google and Facebook dominate the online news landscape. According to a report from the News Media Alliance, Google accounted for 95% of all growth in digital advertising revenue in 2018, while Facebook accounted for 77%. This duopoly has had a devastating effect on the news industry, with many local newspapers shutting down due to lack of revenue. The Journalism Competition and Protection Act would change that by letting news outlets band together to negotiate collective deals with Google and Facebook.

If successful, this could lead to a major increase in revenue for news outlets – which would in turn lead to more money being funneled into advertising. That’s good news for CMOs who are looking for places to allocate their budgets. It’s also good news for the news industry as a whole, which has been struggling in recent years.

Of course, there are potential downsides to the bill as well. For one thing, it’s not clear how effective it would be in practice. Google and Facebook are both immensely powerful companies, and it’s not clear that news outlets would be able to get them to agree to terms that are favorable. Additionally, the bill could lead to higher prices for consumers if Google and Facebook pass on the costs of negotiating these deals to users.


The proposed Journalism Competition and Protection Act has the potential to shake up the online news landscape – but it’s still too early to say whether or not it will be successful. If it does become law, it could have big implications for CMOs who will need to decide where to allocate their budgets.

Apple Music is Taking Over Sponsorship Duties for the Super Bowl Halftime Show in a New Multi-Year Agreement with the NFL

0

In a new multi-year agreement with the NFL, Apple Music is taking over sponsorship duties for the Super Bowl Halftime Show, an announcement from the league said. Financial terms of the deal were not disclosed, though prior reports indicated the league was seeking up to $50 million for the rights. This is a big win for Apple Music, and we’ll break down why below.


What does this mean for Apple Music?
This is a huge get for Apple Music. The Super Bowl is one of the most watched television events of the year, with last year’s game drawing in 103.4 million viewers. That widespread appeal presents a major opportunity for Apple Music to reach new listeners and subscribers. And with the NFL’s estimated value sitting at $13 billion, this deal further cements Apple Music’s status as a major player in the streaming music space.

This also isn’t the first time that Apple has partnered with the NFL. The two organizations have been working together since 2013, when they struck a deal that made iTunes the official provider of NFL game highlights. Since then, their relationship has only grown stronger, with Apple becoming an official sponsor of the NFL in 2016. This latest partnership is just another example of how committed both parties are to working together.

Why did the NFL choose Apple Music?
There are a few reasons why the NFL may have chosen to partner with Apple Music over other streaming services. For one, Apple has a long history of working with sports leagues like the MLB, NBA, and NHL to stream live games and highlight reels on its various platforms. Given its experience in this area, it’s likely that the company was able to put together a more appealing proposal than its competitors.

In addition, Apple is one of the most valuable companies in the world, with a market cap of nearly $1 trillion. That gives it ample resources to pour into marketing and promotion for its various products and services—something that will no doubt come in handy as it looks to drive awareness for Apple Music during one of the biggest television events of the year. Finally, as we mentioned above, Apple already has a strong relationship with the NFL thanks to its existing sponsorship deal. That likely made it easier for the two organizations to come to an agreement on this latest partnership.


In today’s hyper-competitive streaming music landscape, any edge can make a big difference. That’s why Apple Music’s new sponsorship deal with the NFL is such a big win for the company. Not only does it give Apple Music access to 103.4 million potential new listeners, but it also cements its status as a major player in the space—one that isn’t afraid to spend big to stay ahead of its rivals.

Five Reasons Programmatic is Here to Stay

0

In short, programmatic advertising is a form of automated online advertising. publishers sell digital ad space through ad exchanges, and buyers use those exchanges to enter bids for their content to be advertised. Then, an automated algorithm uses advanced analytics to determine the correct placement of these ads on publishing sites, based on factors like industry and demographics. This ensures that the ads are seen by the people who are most likely to be interested in them, which gives the ads the best bang for their buck.

Last week I examined reasons that many people want to see programmatic disappear.  I got a lot of responses via email of people who felt that I was extremely unforgiving and unfair. I understand the need to be cheerleaders of the industry, but it’s also silly to ignore some serious issues that keep plaguing us.

It’s no secret that programmatic advertising is on the rise. In fact, it’s projected to account for a whopping 90.2% of all digital display ad spending in the US by 2022. But what does that mean for the average advertiser? Well, for one thing, it means that you’re going to need to up your game if you want to stay competitive.

 With so much money flowing into programmatic ads, you can bet that your competitors are already making use of this powerful tool.

Programmatic advertising is a game-changer for companies who want to purchase ad space. In the past, the process was quite manual and time-consuming. With programmatic advertising, the entire process has been automated, making it much easier and faster. 

This form of advertising is particularly beneficial for companies who want to stay ahead of their competitors. With programmatic advertising, they can quickly and easily purchase ad space on websites, social media platforms, and other digital spaces. As a result, they can reach their target audience more quickly and effectively.

Here are Six great reasons that programmatic works:
 

1. Programmatic advertising is a great way to scale your ad campaigns quickly and easily. You can reach more people in a shorter amount of time, and you don’t have to worry about overspending on your ad budget. Instead of worrying about if you can grow your campaign, you know there is more inventory to buy immediately. This makes programmatic advertising the perfect solution for businesses that want to scale quickly and efficiently.


2. Programmatic ad buying is one of the most efficient ways to reach your target market. By using programmatic ad buying, you have the potential to reach millions of consumers that you wouldn’t be able to reach through traditional methods such as print ads or television commercials. This vast reach makes programmatic ad buying an essential tool in media buying. Programmatic ad buying allows you to target your ads more effectively, meaning that you’re more likely to reach consumers that are interested in your product or service. This increased targeting leads to higher conversion rates and a more successful media buy overall. 


3. You know that feeling when you’re scrolling through your social media feed and you see an ad for something that you were just talking about with your friends? That’s the power of programmatic ad buying. By using data to target your ads specifically to people who are interested in what you’re selling, you can make sure that your message is seen by the right people at the right time. And that’s not all – programmatic ad buying can also help you to track the performance of your ads in real-time, so you can make adjustmements on the fly to ensure that your campaign is as successful as possible. In other words, if you’re not using programmatic ad buying, you’re missing out on a powerful tool that can help you to reach your target audience more effectively.


4. In the world of online advertising, data is king. And with programmatic ad buying, you can get real-time data feedback so that you can see how your ads are performing and make necessary adjustments on the fly. This allows you to optimize your campaigns for maximum ROI. But data isn’t just for optimization purposes. It can also be used to track brand awareness, reach, and frequency. So if you’re not using data to inform your programmatic ad buying strategy, you’re missing out on a big opportunity to improve your results.


5. CMOs, if you’re not doing programmatic advertising, your competitors will be and they’ll have a leg up on reaching potential customers with their ads. Programmatic targeting works best for reaching specific demographics or interests within an audience base, so if you’re not using this method, you’re at a disadvantage. Make sure you stay ahead of the competition by incorporating programmatic advertising into your marketing mix.

While it is clear that programmatic technology is highly efficient and has a lot of fans who feel it is here to stay, there are also those who question its impact on the industry. What is your opinion? Have you seen great results from using programmatic advertising or do you think there are better options out there for marketing your products or services? We’d love to hear what you have to say.

How Important is Social Proof to Social Consumers in Broad Social Media Networks?

0

Your social proof is the element of conversation that verify your brand. From customer and client testimonials to media interviews and even contributed content, your social proof is built with every interaction you make on behalf of your brand. Even if you are just starting or transitioning into a new market, one of your main focuses should be building and maintaining a high level of social proof.

Here’s why:

As the person responsible for marketing and advertising at a company, it’s your job to ensure potential customers are aware of your product or service—and convinced to buy it. In today’s climate, that means understanding and utilizing social proof. After all, 92% of consumers say they read online reviews before making a purchase, and 84% say they trust those reviews as much as a personal recommendation.

The average social media user is engaged with an average of 6.6 different engage with an average of 6.6 social media platforms. That might sound like a lot, but when you consider that there are over 2 billion active social media users worldwide, it’s not surprising that the number is so high. Because users are on so many social platforms, it’s essential to realize that social proof is so much more important: they are seeing multiple products and your competitor’s products. They don’t have much time to focus for more than a few seconds. So getting the message across and providing social proof fast is extremely important.

In general, there are six types of social proof

  1. Expert: Expert social proof is when an expert in your industry recommends your products or services or is associated with your brand. Examples: a Twitter shoutout by an expert or having an expert on your Twitter chat.
  2. Celebrity: Celebrity social proof is when a celebrity endorses your products. Examples: an Instagram post or tweet about your product by a celebrity or influencer.
  3. User: User social proof is when your current users recommend your products and services based on their experiences with your brand. Examples: praises on social media or positive ratings on review sites.
  4. The wisdom of the crowd: This type of social proof is when a large group of people is seen to be endorsing your brand. Examples: having thousands of customers or millions of followers on your social media profiles.
  5. The wisdom of your friends: This type of social proof is when people see their friends approve your product. Examples: seeing their friends use your product or follow you on social media.
  6. Certification: This type of social proof is when you are given a stamp of approval by an authoritative figure in your industry. Examples: the blue checkmark on Twitter or Facebook.

How does Social Proof work?

As humans, we are hardwired to crave social connection. From an evolutionary standpoint, it makes sense; after all, we were never meant to survive on our own. Our need for belonging has been described as “a fundamental human motivation.” This desire to belong also means we often look to others for social proof that things work, that something should be bought, and that it’s actually cool.

In the social media age, this concept of social proof has taken on a new life. With the ability to see what our peers are doing and saying at the click of a button, we’re more likely than ever to rely on the opinions of those around us when purchasing decisions.

Also, in recent years, the rise of social media has brought a new level of awareness to the phenomenon known as fear of missing out, or FOMO. Though FOMO has always been a powerful force in marketing, social media has amplified its effects and made it more difficult for brands to stay ahead of the curve. In this blog post, we’ll look at the origins of FOMO and how it has evolved. We’ll also explore ways marketers can stay ahead of the curve and avoid being left behind.

Fear of missing out is a powerful emotion that has long played a role in marketing. In its simplest form, FOMO is the fear that we will miss out on something important if we don’t take action. It’s the feeling we get when we see our friends posting about a fabulous vacation or a great new restaurant they tried, and we were omitted. It’s the insecurity we feel when we’re not invited to a party or when we see someone else getting a promotion at work. FOMO is an emotional response to the perceived exclusion that compels us to take action so that we don’t miss out on something important.

FOMO has always been a powerful force in marketing because it is a strong motivator. Brands have long used Fear Of Missing Out to their advantage by creating scarcity or exclusivity around their products and services. Consider Black Friday sales, which generate a sense of urgency around holiday shopping or limited edition products that are only available for a short time. These strategies work because they tap into our fears of missing out on something important.

Social media has changed the way we experience FOMO. In the past, our fears were based on things we saw happening in our lives or something we heard about from friends and family. Today, thanks to social media, we are constantly bombarded with images and stories of other people’s fabulous vacations, amazing parties, and enviable careers. This constant stream of “perfect” lives can leave us feeling like we’re not doing enough or missing out on something important.

Moreover, social media has made it easier for brands to tap into our fears of missing out. Through targeted ads and personalized recommendations, brands can show us precisely what we’re missing out on in real-time. And because social media never sleeps, neither does our fear of missing out.

Of course, we must also talk about the power of storytelling. Humans are naturally wired to think and organize our lives in stories. That’s why storytelling in social media provides some of the best social proof and reasons for buying a product or service.

When done correctly, storytelling can be a potent marketing tool. It can help you connect with your target audience on a personal level, build trust, and increase brand awareness. Furthermore, stories are typically more memorable than other forms of marketing content (like statistics or data), which means they’re more likely to stick with your audience long after they’ve seen or heard them.

For CMOS looking to leverage the power of storytelling in social media marketing, there are a few key benefits to keep in mind. First and foremost, as mentioned above, stories are incredibly memorable. They can stay with us long after we’ve heard or read them, which is why they’re such an effective marketing tool. When people can remember your story — whether it’s because it made them laugh, cry, or think –, they’re much more likely to act on it. They’re also more likely to share it with others, which helps increase brand awareness and reach.

Another benefit of storytelling in social media marketing is that it allows you to connect with your target audience on a personal level. People want to do business with companies that they feel like they know and can trust — and one of the best ways to build that trust is through stories. When you share stories about your company, your team members, your customers, or even yourself, you’re helping your target audience feel like they know you, making them much more likely to do business with you.

How Can Marketers Use Social Proof?

There are numerous ways marketers can use social proof to connect with their target audience on a human level. Below are three examples of how social proof can be used in marketing:

1.    Use customer testimonials: They are one of the most effective forms of social proof because they show that real people have had positive experiences with your company or product. When potential customers see that others have had success with your brand, they’re more likely to give you a try themselves.  When potential customers see that your product has helped others achieve their goals, they’ll be more likely to buy it themselves. You can share customer stories by posting testimonials or case studies on your social media channels or even blog posts.

2. Leverage user-generated content (UGC): UGC is any content—textual, visual, or audio—created by users of your product or service. UGC can take many forms, such as online reviews, photos or videos taken by customers while using your product, or even comments left on your brand’s social media profiles. One study found that UGC is 20% more influential than other types of traditional marketing, making it a potent tool for connecting with customers on a human level.

3. Capitalize on FOMO: FOMO—fear of missing out—is a natural phenomenon that happens when people feel like they might miss out on an opportunity if they don’t act fast enough. Humans are wired to want what we can’t have, which is why FOMO is an effective marketing tactic. Marketers can use FOMO to their advantage by creating limited-time offers or exclusive VIP experiences that will make potential customers want to jump on board before it’s too late.

4.. Create a brand narrative. Your brand should have a unique story that sets it apart from the competition. This narrative should be woven into your branding elements, including your logo, website design, and social media content. Creating a cohesive brand narrative will make your brand more memorable and recognizable, ultimately leading to more sales.

Do you have any examples of how you’ve used social proof in your marketing? I would love to learn from you, too. It’d be great to hear how you have been using social proof, social media-related or not, in your marketing. How well has it been working for you? Please share in the comments below. I always enjoy reading and learning from my readers. Thank you for contributing!

Data, Dance, and Daring Campaigns: Erin Levzow’s Approach to Building Loyalty

0
How Mango Habanero, Metrics, and Masterful Moves Redefined Marketing Genius Every so often, a guest comes along who doesn’t just raise the bar—they throw it into orbit. Erin Levzow is one of those guests. From the moment she joined The ADOTAT Show, it was clear we were in the presence of brilliance. Erin is a marketing powerhouse, blending emotional intelligence with razor-sharp strategy, all wrapped in a package of humor, humility, and dazzling storytelling. She’s the...

Streaming’s Big Lie: The Future of TV Is Already Broke

0
Streaming was supposed to be the savior of TV—the rebellious new kid with no commercials, endless content, and an open bar of binge-worthy dopamine hits. But, as Doug Shapiro’s sharp, no-BS research reveals, the revolution is out of cash and looking for a loan. Streaming doesn’t just monetize less—it barely monetizes at all. For every streaming dollar generated, old-school pay TV is making it rain with three dollars in subscriber fees and seven dollars...

How to Narrow the Scope of Information Sought by an FTC Civil Investigative Demand (CID)

0
A civil investigative demand (“CID”) is the instrument by which the Federal Trade Commission exercises its compulsory process authority in connection with investigations.  CIDs may require the production of documents - including electronically stored information – or tangible things, the provision of testimony, and the providing of written responses to questions. A CID must state the nature of the conduct constituting the alleged violation which is under investigation and the provision of law applicable to...

Did Your Company Receive a Letter From the FTC?  FTC Warning Letters and Notices of Penalty Offense

0
Recipients of FTC warning letters and notices of penalty offense should be on high alert and act quickly. Their advertising and marketing practices could be in violation of applicable legal regulations. What is an FTC Warning Letter? Federal Trade Commission “warning letters” are intended to warn companies that their conduct is likely unlawful and that they can face serious legal consequences, such as a federal investigation or lawsuit, if they do not immediately stop. ...

The Good, the Bad, and the SPO-ly

0
The Hidden Flaws Behind Ad Tech’s Favorite Buzzword. Supply Path Optimization (SPO) is my love-hate relationship in ad tech personified. It’s the reason I fell for this industry’s maddening brilliance—and why it sometimes feels like a bad rom-com where no one learns their lesson. At its core, SPO promises efficiency, transparency, and accountability, and when it works, it’s like watching a Rube Goldberg machine perform flawlessly. But when it doesn’t—and let’s be honest, that’s most...