Tag Archives: Publishing

The Natives Are Restless

Today we hit once again on the “everything old is new again” theme that we touch upon from time to time. One of the best media analysts in the business is my friend Dan Salmon at BMO Capital Markets. He released a report on a “Native Advertising Summit” he attended. It made me smile and I’d like to share why that was.

First, what the heck is native advertising?  Way back in the olden days of the web, we used things such as  banners, boxes, buttons.  This ad units sat on the web page hoping a user would notice them.  Others, such as pop-ups, interrupted users’ content experiences.  These units are still the purview of all of the programmatic buying found via ad networks and other RTB platforms.

So-called native advertising is way more integrated.  Sponsored Stories, promoted Tweets,  and sponsored videos are just a few of the  formats sprouting up across the web, giving brands a channel to connect directly with consumers through content and publishers a new opportunity for revenue.  As Dan wrote in his report:

It is increasingly clear that the native trend is becoming a pressure point for publishers pushing back on recent digital ad innovation that has mostly centered on real-time bidding, programmatic ad buying, and improved yield for buyers much more than sellers. At the same time, these publishers are finding a willing and hugely important constituency on the buy side, but one that is traditionally under-represented in digital marketing: branding-oriented advertising budgets.

In other words, publishers are sick of the dive to the bottom CPM‘s are taking and so we’re going to use something very old:  sponsor integration into content.  It’s Your Lucky Strike Theater all over again!  I’m sure there will be all sorts of technologies sprouting up to make this happen in a more efficient way, but the activity is the same.  Sponsors are trying to gain both visibility as well as shared brand equity with the content they’re sponsoring.  You see this in sports all the time (and it dates back to The Gillette Cavalcade Of Sports in the late 1940’s).

To touch on my favorite theme – the tools change but the basic business doesn’t.  We can call it native advertising or we can call it sponsorship   I call it smart, even if it isn’t really new.  How about you?

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Advertorials

If the internet has a downside, it’s that is has neither barriers to entry nor a filter.  Of course, that’s also part of what’s so good about it.  However, there is really no way to tell if what you’re reading is from a credible source that did research or if it’s just made up crap.  One way I think users can distinguish one from the other is by considering the source.  Legitimate news operations tend to have done their homework and there’s usually some sort of editorial control in place to assure that some writer’s fantasy doesn’t get put out there as fact.

That’s why I found the story in this morning’s Media Post so disturbing:

If there is a red line delineating the church and state of journalism, some big news publishers have just crossed it — introducing a spate of new “native” advertising formats that blur the line between advertising and editorial content in new ways, including brand-produced videos served directly in the news organizations’ video news players.

This is not a new phenomenon.  “Advertorials” have been around for a long time.  These are long-form ads written to appear as regular editorial and are designed to look like a legitimate and independent news story. It might be a TV piece that’s an “infomercial,” or as a segment on a talk show or variety show. In radio, it might be a discussion between the announcer and a brand representative.  The brand usually controls all of the content and there are subtile differences – a tiny “advertisement” written someplace – that make it hard for someone encountering the content to tell that it’s brand advocacy, not editorial.

I’m not a fan.  Obviously I’m a big fan of ad-supported media – I worked in it and sold it for decades.  I do think, however, that doing this in digital in particular is an issue since there is so much content out there and users’ expectations of editorial integrity as explained above are not met when the line is crossed.  It calls into question all of the legitimate reporting.  I get that people might ignore advertising but pay attention to this.  They need to know it’s not the same as other content.

The pressure for revenue can’t undermine the integrity of the news brand, and while it’s easy to rationalize including this sort of advertising, you’re ceding control to someone who may not meet the same sort of standards you set for your organization.  I don’t think that’s smart.

What do you think?

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Paperless Books

Today’s title might have been seen as an oxymoron just a few years ago.  I mean, the notion of a “book” without paper was as unrealistic as book publishers graciously declining to publish an author’s work and doing so promptly.

Then came e-readers which some said would hurt the book industry.  As with the music business, book publishers did whatever they could to prevent digital downloads of books by charging exorbitant prices (the same prices as if the book had to be printed on paper) and refusing to allow certain titles to go digital.  With the Kindle and other reading devices reaching scale (roughly 15% of American readers have one), the industry has come to recognize that porting content to another platform may be disruptive in the short-term but potentially a great thing over time.  Want more proof? Continue reading

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