Its been several weeks since the Globe submitted its offer to the NY Times, and in that time it seems the media storm has subsided…for now.
Once able to out-bill all of the TV stations in the Boston DMA – The Globe is now jeered as a dying medium, a dinosaur, and an old rag. The fact is the Globe owes $20 million in concessions and is losing about $1 million dollars a week.
Thanks to the local media, industry press and newswires, everyone seems to have an opinion about its fate. It seems each person has a different point of view but only two things are certain:
1. The Globe will be here tomorrow, it will find new and innovative ways to keep its place in this uncertain media landscape. TV stations have not been without their own drama – the ratings competition is pretty fierce. And radio stations are feeling the impact of the transition to monthly people meter ratings.
2. Readership of the print edition will continue to decline. Shutting the Globe down tomorrow would be a tragedy but the alternative doesn’t look any better. If the NY Times decides to keep the print edition it will be a matter of time before they are faced with the same economic challenges.
So what should the Globe do if they want to keep their place in today’s media?
Here’s an idea: Get more people to read your content online and discover innovative ways to generate advertising dollars.
Sure, the print edition will be missed. But like anything else in life we learn to embrace something new and move on.
Posted by Trudy on May 27th, 2009
Filed under Advertising, Marketing, Media, Miscellaneous | No Comments »
According to Wikipedia online: Twitter is a free social networking and micro-blogging service that enables its users to send and read other users’ updates known as tweets.
Starbucks is looking to utilize the power of social media by hosting an online photography scavenger hunt. The goal of the contest is to have Twitterers photograph posters from the most recent US outdoor campaign and post them online. The prize? Starbucks Gold Cards.
Click here to see Starbucks’ page on twitter: twitter.com/starbucks
The idea for the Starbucks photo contest came from watching what people already do on Facebook and Twitter, said Chris Bruzzo, vice president for brand, content and online at Starbucks. Each year, people race to post the first photos of Starbucks shops decorated in red for the holidays.There will also be a related YouTube channel, where Starbucks coffee experts will talk up the importance of quality in their beans and coffee.
The Twitter photo contest is a part of a fresh marketing campaign launched this month in United States newspapers and magazines. The campaign is described by Starbucks as the biggest marketing effort it has undertaken.
Quality is key. Print ads will be text-heavy, impressing upon viewers the importance of quality rather than cheap alternatives, such as their direct competitors McDonald’s and Dunkin’ Donuts. Phrases on the posters take a dig at the competition, including “We think making coffee is an art form. They think it’s a new revenue stream.”
Posted by Marissa on May 20th, 2009
Filed under Advertising, Branding, Design, Marketing, Media, Photography | No Comments »