omma

Light-speed change: Notes from OMMA Global

By Mark Whittaker

SAN FRANCISCO — I’m at the OMMA Global conference here in the City by the Bay, soaking up all kinds of comments and information about light-speed-changes in marketing and advertising.

Maybe I don’t get out enough, but I love coming to conferences like this because they’re usually full of really smart people with some really good ideas. But it took some time and thought to understand why a conference like this is important to AIM Group’s clients and potential clients.

Here’s why. Everyone here at this conference wants to help business — a.k.a. advertisers — make money. That description fits most of our clients, too. And the folks here at OMMA — probably a couple thousand because the conference registration was free — are hoping to learn about the newest and coolest tools to solve the advertising / marketing problem for their clients.

Not surprisingly, the main topics here are mobile and social media marketing. A few years ago I attended an OMMA conference in New York, and mobile marketing might have been the topic of one or two sessions. Now, nearly the entire conference is devoted to it. Although 2010 might not be the ever-ballyhooed “year of mobile,” it will be the year “that we’ll prove out the business model with case studies,” said Amielle Lake, CEO of Tagga Media, recently hired by Hearst to provide mobile marketing solutions for Hearst advertisers.

As far as social media marketing, Mark Kvamme, a partner in Sequoia Capital, said “If you can harness social media marketing, you don’t have to pay for advertising anymore.” It’s both a terrifying and thrilling notion for publishers.

Here are some more notes and comments from the first day of the conference:

How times have changed: Kvamme told his audience one of his favorite TV shows is “Mad Men,” but he’s never watched it on a television. He views it on his computer on his own time schedule.

Making the pie bigger: James Min, managing partner of Montgomery and Company, said that mobile marketing gives marketers a chance to actually grow their business instead of just taking share from one medium or another. It’s an ad spend that hasn’t been tapped yet.

From ethereal to solid: Min also said that mobile coupons are a way to connect the digital world to the physical world.

Whither the salesperson?: Purchasing advertising will become more and more automated and self-service, one panel agreed, but there will always be a need for a knowledgeable and helpful salesperson. They compared the growth in “commoditized advertising” to the financial services industry, where folks can buy stocks themselves if they want, but there are still a lot of salespeople. “There’s still value to help customers put together the right package. There’s a lot of opportunity add value even when you have real time bidding,” said Nick Johnson, vice president p of digital media sales at NBC Universal.

I’ll have more from the conference as time allows.

 

 

  • Share/Bookmark

OMMA panelists joust over free vs. paid

By Mark Whittaker

SAN FRANCISCO — A panel discussion about free vs. paid content turned raucous at the OMMA Global conference here Wednesday when one panelist questioned whether sites like HuffingtonPost.com and PopSugar.com provide quality content like that produced in large newspapers.

David Moore, chairman and founder of 24/7 Real Media, said advertising alone will not pay for the creation of good content. “Good content costs,” Moore said, adding that declining advertising rates only increase the pressure to charge subscriptions.

When Brian Sugar, CEO and publisher of Sugar Inc., disagreed, Moore said “What you do is not premium content.” It was no surprise when Sugar bristled along with Greg Coleman, president and chief revenue officer for the Huffington Post. Sugar, whose company produces lifestyle and entertainment sites such as PopSugar.com and FabSugar.com, shot back that he would be sure to pass that along to his company’s 50 paid editors around the world.

Coleman also said that Huffington Post intended to survive without subscription revenue.

And to add fuel to the fire, Moore said “I would be astounded if HuffPo ever makes money!”

On the other hand, Sugar and Coleman both gleefully encouraged legacy news companies to erect pay walls. They figure they’ll gain readers who abandon sites that charge.

Laura Martin, managing director and senior analyst: entertainment, cable, media for Needham & Co., and Merrill Brown, senior strategist for Press+ (Journalism Online LLC), also sat on the panel moderated by Andre Heyward, senior advisor for Marketspace LLC. Brown’s company is encouraging newspapers to build subscription models and develop products that will be bought by online newspapers’ most loyal readers.

The panel debate illustrated the deep differences between those who believe legacy media companies should charge for online content and those who believe online readers are too used to free content to pay for news.

Despite that, however, there was agreement on some basic premises. First, publishers who simply try to repurpose print content for new devices (such as the new iPad from Apple) are doomed to failure. Second, some content is already commoditized — sports scores, stock prices, national government news — and readers will definitely not pay for that.

 

 

  • Share/Bookmark

Newspapers seem to avoid interactive conferences

A few weeks ago, folks representing some of the largest and most interesting media, advertising and marketing companies gathered at a couple of interactive media conferences in New York City.

The Interactive Advertising Bureau held it’s annual MIXX conference, and MediaPost Communications ran its OMMA Global event during the same two days in late September. Even though some the nation’s largest advertisers, advertising companies and Internet companies are represented at gatherings like these, newspaper folks seem to shy away.

While I was online director for the Pittsburgh Tribune-Review, I was lucky enough to attend at OMMA conference, and I also made it to an ad:tech conference, another popular gathering for those who work and innovate in interactive media. Those two conferences were great, and opened my eyes in a few ways about what was happening in the wide world of interactive media — beyond newspapers.

At the time, and I’m afraid still to a large extent, newspapers companies saw themselves as a universe separate from online. Oh, sure, they dabbled in the online stuff, but they were newspaper companies, not interactive media companies.

Most newspapers now have Web sites, and most of the them have some form of advertising. The Interactive Advertising Bureau is the leading organization for online advertising standards and practices. No doubt it will play a key role in the coming debate over behavioral targeting. And yet, very few newspaper companies are members of the IAB. A look through its membership uncovered four — Cox Newspapers Inc., New York Times Digital, Wall Street Journal Digital Network and Washington Post Digital. The Newspaper Association of America is an associate member.

Only Hearst , the Los Angeles Times and the New York Times were listed among attendees at OMMA Global last year.

Is it any wonder that the interactive world is leaving newspaper companies in the dust? To play and compete in the interactive world — which is the dominant medium for information — a business needs to know the players, know the innovators and the advertisers who love interactive.

The rules and tools of the interactive game are all being discussed at these conferences and in a magnitude the NAA can’t possibly provide at its annual gatherings.

The newspaper industry’s leaders can’t just “talk amongst themselves” to figure out how to compete in the interactive world. They need to dive into it, and drag their old world along for the swim.

 

  • Share/Bookmark

Gentle reminder…

Clients' passwords change with every PDF issue of Classified Intelligence Report -- basically, once every other Thursday. Look in your latest edition for the newest password.

Not a client yet? Drop us a line about becoming one.

Categories

Archives …

AIMGroup.com/jobs


eBay Classifieds Group
is hiring! See all jobs

Find media jobs!

Search for jobs in classifieds, ad sales, editorial, marketing, publishing, broadcasting, new media and more. Post your resume, get alerts and save searches!

Search listings' text for these words:

Search job titles for these words:

Employers start here.

E-mail newsletter (free!)




* = required field