Converged Media

Rebecca Lieb's picture

Six Emerging Content Marketing Trends

Three related, clustered events constitute a trend. So, what have we here?

  • February 25: Mindshare appoints a content chief
  • February 27: Edelman names (a new, digital-focused) chief content officer
  • February 27: Facebook announces a content strategy fellowship
  • March 25: Sequoia Capital appoints a head of content
  • March 26: Houghton Mifflin Harcourt names its first chief content officer
  • March 27: Weber Shandwick launches a content marketing unit with 100 staffers
  • April 1: Havas signs a global chief content officer

Chief content officers have been de rigeur in media companies for years. Editorial web sites, magazines, newspapers, and broadcasters have them. Even Netflix boasts a chief content officer.

What’s staggering now is the alacrity with which agencies are now piling into the white-hot content marketing space. Not all of this is new, of course. Content divisions and/or practices have existed for some time at major players such as Leo Burnett, Ogilvy, and OMD. Digital shops, too, have content heads, as do (of course) the small cohort of content-only agencies.

The appointments above reveal these interesting takeaways:

Agencies that don’t have content practices are scrambling to get into the game

From the appointment of an executive with “content” in his/her title to blowing out an entire new division, both ad and PR agencies realize content can no longer be ignored. Clients expect content-related services and advisory. While mileage on the revenue models varies radically, there’s also heated competition on the PR and ad sides for a piece of the content pie. “We’re in a dogfight with the ad agencies,” is how one PR executive put it to me in a private meeting.

Content’s meaning is increasingly (if not almost exclusively) digital

It’s not as if Edelman didn’t have a content officer before appointing Steve Rubel to the role. His predecessor, Richard Sambrook, a former BBC editor, focused on editorial development. Rubel’s purview will be much broader, focusing on relationships both with digital media properties and technology vendors.

PR shops are in the media buying business

Historically, PR firms never, ever bought media. They earned it. In announcing their new content initiatives, both Weber Shandwick and Edelman have stressed that media buying and other forms of brokering will be very much part of what they do going forward. Media convergence and native advertising models make this evolution imperative.

Content is essential for startups

When one of the leading venture capital firms appoints a content head to help its portfolio companies develop and improve their blogs, social media, and video, it underscores just how essential a well-executed content strategy is to success — or failure — in business.

Hire-a-journalist: Will it suffice?

For the past several years, “hire a reporter” has been the mantra of companies eager to get a leg up in blogging or on social media channels. Now that content strategies are more technologically complex and digitally convoluted (converged media, native advertising, video, mobile) than “just writing,” it will be interesting to see what skillsets the next crop of content hires possess.

“Global” appended to content titles

This trend will become increasingly important with holding companies and larger agencies. Brands, too, are beginning to make content hires and shuffle the org chart to accommodate content strategy and execution. One of the biggest content challenges is the one facing large, multinational enterprises that must create content for a wide range of countries, languages, territories, audiences, and products. If any single cohort relies on outside content support, it’s multinationals. Holding companies possess on-the-ground global support and know that coordinated efforts can be a boon to this important new line of business.

This post originally published on iMedia Connection

Rebecca Lieb's picture

First Media Disruption of the Year: Samsung + AP + Twitter

Even when you know what’s coming, you never know exactly what’s coming.

Paid, owned and earned media are converging, sure. As a result, workflow and roles are changing radically. But even when you’ve been watching this space microscopically for many months, the next manifestation to come down the pike is almost always a surprise.

The first surprise of this year is a stunning example of how quickly media convergence is moving, and how rapidly roles and workflow are changing. Last week, during CES, Samsung paid the Associated Press to run sponsored tweets in the AP’s Twitter feed.

And the “media buy” was brokered not by a media buying (advertising/paid media) agency, but by Edelman, Samsung’s PR agency (earned media – or make that paid/earned media?).

[Disclosure: Edelman is a client of my employer, Altimeter Group]

By definition, PR agencies don’t buy media, right? Just a couple of weeks ago I was talking with the New York Times about Ricochet. Many of the initial campaign results are truly impressive, but since the product involves “buying” New York Times content (not just ad units), the market is confused. Media buyers are calling it a PR product. PR is saying if it’s a buy, then it’s a media buy.

Digital silos, a new twist on that classic waiter’s line, “Sorry, but this isn’t my table.”

Disruption Across the Board

A PR agency functioning as media buyer isn’t the only radical shift in this bold experiment. For as long as there’s been publishing, it’s been pretty much the rule that the publisher sells advertising on his own media property. Now, while Twitter can arguably be defined as owned media because AP controls what’s on their feed, with this campaign they are selling sponsorships on Twitter – and Twitter doesn’t get a cut of the revenue.

Precedent? And how. As Carree Syrek of Kinetic-Social put it to Adweek, “What if Target or Walmart want to start charging CPGs like Procter & Gamble for Foursquare ads? Will the social media platforms allow brands to leverage those properties twice without having to [pay]? Will they let them essentially double dip?”

Twitter’s letting this one go, for now, despite the fact it pulls a U-turn around Twitter’s own ad product. All parties were quick to point out the sponsored tweets weren’t automated and otherwise complied with Twitter’s sponsored tweet guidelines.

Pushback? Some, which is to be expected. Criticism came both from users (a handful) and a few media observers, who worried the move blurred the lines between breaking news and pay-to-play content.

But very much to Samsung’s credit, the sponsored tweets, limited to a very modest two per day for the five-day duration of CES (so 10 tweets in total) were very clearly marked “SPONSORED TWEET.”

Edelman’s EVP/Global Strategy and Insights Steve Rubel has blogged articulately about how his firm reached the bold decision to venture into paid media, where few, if any, PR firms have gone before. The post is worth a read.

Steve and I carried on a conversation (on Twitter, over DM of course) about the campaign. No word from him on the specific goals of the undertaking, the applied metrics or results (in his defense, it was ongoing when I asked).

Like him, I believe this type of campaign is a glimpse into the future in which brands partner with the media companies they formerly ‘just’ advertised with. There are opportunities for native advertising, curation, sponsorship, creation and more.

Is there a revenue model behind this that can sustain media companies, particularly as their traditional ad revenues continue to erode? That’s the question.

In the meantime, it’s important to note Samsung’s sponsored tweets in AP’s Twitter feed very thoroughly satisfied one campaign goal that’s very squarely in Edelman’s wheelhouse: it drove a ton of (earned) media coverage.

This post first published as a column on iMedia

Rebecca Lieb

Rebecca Lieb is a strategic advisor, consultant, research analyst, keynote speaker, author, and columnist.

SEE MORE

Get in touch