The question of what is a “winning media strategy” and what is working for your business online are two important questions being posed to media executives leading to BIA’s Winning Media Strategies conference, May 20 – 22, in Washington, DC.
In the embedded video within this blog post, BIA’s Chief Strategy Officer and WMS Program Director, Rick Ducey, poses the question to all of you. Watch the video and submit a video response (or submit a comment to this blog post) of how you would define a winning media strategy. We also are interested in knowing what is working for you online?
All results will be shared at Winning Media Strategies – click here to learn more.
Television program schedules are a pretty essential interface for many of us. We want to know what programs are on the horizon, and tap into technologies like DVR and TIVO to ensure we can view what we want, when we want. In fact, we are so driven by our television program schedules that providers have integrated schedulers with our mobile phones (see DirecTV scheduler).
Unlike television, however, there is no existing national radio program-schedule database. Yet, there are more than 10 times the number of radio stations than tv stations in the US. For radio broadcasters, the development of an Electronic Program Guide that serves mobile receivers and helps to provide listeners with detailed program information represents a powerful tool to help better target programming and advertisements, as well as engage listeners throughout the day.
To address this issue, the NABFASTROAD HD Radio EPG project was created to to develop guidelines and technology for a US-based Electronic Program Guide system in a coherent, industry-wide fashion, with input from all stakeholders. In order to keep all radio broadcasters informed and to collect their input, BIA, in association with NAB, Broadcast Signal Lab and Unique Interactive have put together a webinar, which will take place today, Wednesday, February 25 from 2:00 pm to 3:00 pm eastern.
To register for this event, go to the GoToWebinar registration page: https://www1.gotomeeting.com/register/557324140
Geoff Livingston’s tweet this morning focused my attention on a post by Sarah Perez entitled, “Content is Becoming a Commodity.” Geoff’s tweet said that he could not disagree more with the post, so that drew my immediate interest. I’ve known Geoff Livingston over the years (click here to read his blog, The Buzz Bin), and lately, he has become something of a legend in the social media space. Even though we don’t agree on everything (occasionally I can be wrong), I do value his opinion and enjoy working with him.
So, in thinking about Geoff’s comment, I sat down to read Sarah Perez’s post.
In reading Sarah Perez’s post, my initial reaction was that a lot of what she was writing about was not new. The discussion of content as a commodity has been around, as one comment put it, since before the copy machine was invented and placed into libraries. However, “Is my content a commodity?” is still apparently an issue. Can you leverage your blog entries for profit, or is there a more invaluable or incalculable aspect to content?
My reaction to Sarah’s post are as follows:
1) Many people in the tech and social media spaces are very focused (some jubilant) on becoming more viral and open through technology, blogs, etc. I recognize there are complaints whenever a company aggregates a blogger’s content. However, I often find that these are the same folks who complain about the recording industry’s assault on those who illegally download music. To put it simply, you can’t split the baby on this issue, folks. In my view, there is a definitive line between intellectual property and self-promotion, but too often we blur that line for our own immediate gratification. Perez is right, in a sense, that the loss of “physical form” plays a roll in the justification of stealing, but as we blog, produce video and other types of content, we need to give some thought as a society to how we protect what needs to be protected.
2) Perez’s comment about how individually produced content has less of a value, but “in aggregate, can become something of value” has merit. ActiveAccess, a division of the company I work for, is a producer of a communications platform, a super-widget if you will. We’ve traditionally worked on widgets for clients, ie, radio stations, colleges and universities. We have a new project on the front-burner that is for a consumer market segment – a direct to consumer application. It’s on the horizon (check back in early May), but one of our beliefs is that by coupling content together (RSS, etc) and establishing content partners, we can help build a portal for a community. The idea on our end though is two-fold… a) consolidate content and services into one place for the consumer / reader; and b) establish a revenue-sharing platform for content providers, ie bloggers, which should help expand their brand recognition and value.
3) Perez writes about NBC’s Jerry Zucker railing against Apple. This is an amusing quote, but broadcast media has distinct advantages over new media that often gets overlooked – ironically enough – by people in broadcast media. New media is certainly younger, faster and more agile in some respects, but in others – it lacks establishment, audience, capital and other benefits. Rick Ducey (BIAfn) commented on this to an extent (see Rick’s blog post at: http://blog.bia.com/bia/?p=26). Rick is at the 2008 NAB Show, and believe me, broadcasters are intensely focused on social media, networks like Facebook, YouTube, etc. If you’re interested in NAB – you can follow their blog at: http://www.NABShow.com/blog. They also have a Twitter feed that you can track. It’s a great place to read about technology, media and other topics bloggers are interested in.
4) So, how do these two differing perspectives (one often associated with those in broadcast media and the other with those in new media) translate for bloggers in particular? Well, while you can’t stop being viral or promoting yourself, you also have to examine how your intellectual property – because that’s what we are talking about here – may be valued or better utilized elsewhere. If you are concerned about it being lifted and think that is going to happen, which certainly is taking place, one method is to seek out the established forces and team-up. Certainly, some people view Apple as a corrosive force, but people used to think of that way about Sears. Everyone feared the end of “Mom and Pop” stores. Then along came Wal-Mart, and the same fears were echoed again and again. Of course, we still have “Mom and Pop” stores. The point is that successful businesses learn from their landscape and find a way to either do something no one else is doing or they find a way to do it better. The same is true for bloggers.
5) Last thought, the idea of a blog as a “destination” is a good point. I did not read the post from Mark Evans that Perez references (you can click here to read it if you want), but it sounds accurate. Essentially, this comes back to what I wrote in point 4 – you need to take more ownership of your material and know the marketplace. Of course, if you don’t consider your content a commodity that you want to protect and profit from – that’s a whole other issue. But if you do, then you need to treat it like any other business asset.
We’ve known for some time that the number of people viewing online video is on the rise. With the expansion of broadband and high speed internet access, more people finally have the bandwidth to support video downloads. But where do we really stand?
In 2006, the number of Americans between the ages of 12 and 64 that viewed online video content every day was 9 percent. This year however, that number has grown to 14 percent and could end up being higher. Frequency of viewing online video also is on the rise. Last year, 44 percent of 12 to 64 year-olds watched video online at least once a week. This year – that number is up to 52 percent.
YouTube is driving much of the rise in online video consumption with 20 million or more viewers per month watching over 100 million video clips per day (Let’s just not forget there are numerous providers of video content, including Yahoo!). Though YouTube and others provide some news content, they traditionally reach audiences interested in viewing comedy and what some may call “fringe” or alternative content (like Garth Marenghi’s Darkplace, which has reemerged as a cult favorite online), as well as those posting personalized content as opposed to news and special interest stories – a backbone of most television programming.
In point of fact, research demonstrates that the most popular video downloads on the Internet are news and special interest stories, with comedy, television programming, movie clips / previews, and weather the next most popular selections.
This means that the interests of Americans who view video online plays directly into the strengths of television stations, which have access to video content that they produce, as well as the ability to offer network and audience produced content that may not normally be aired in regular programming cycles.
Another facet to the trend of people viewing video online includes the growth of people who are online while they watch television. According to a study conducted by the Solutions Research Group (highlighted in a recent Time magazine article), 37 percent of the US population over the age of 12 use their computers while they watch television. This means that close to 100 million Americans are multitasking – shifting between watching television and online computer use. Other research shows that the longer people use the Internet (in numbers of years they have been online), the more their television viewing decreased. Though the time spent online per day remains less than total time watching television, such a trend represents viewers lost from television stations’ over the air service, but in fact they could be recaptured with on-demand and download Internet based services delivered to the computer.
One way to both maximize the trend towards online video viewership and combat declining market share and audience is to implement a desktop application or widget to deliver video and other programming directly to the computer desktop. Desktop applications and widgets are particularly effective in driving viewers to a station’s website, because they offer one click access to any portion of a website. Desktop applications reside on the computer desktop of a specific viewer giving a television station the ability to stream video and audio content directly to the desktop, as well as alert messages, RSS feeds, weather, and other forms of content. This has the effect of creating a communication bridge between the station and the viewer whenever the viewer is online.Once the communication bridge has been established, a desktop application or widget can then drive viewers back to a station’s website for additional breaking news, severe weather bulletins, school closings, community updates or contest and promotional information.
Given the growth of online video consumption by Americans, the growing trend of multitasking between television and online viewership, and the possible decline in television viewing in favor of Internet use, television stations have the opportunity to enhance their online presence by delivering interactive content through desktop applications that also help to funnel these viewers back to their websites.