Showing posts with label Facebook. Show all posts
Showing posts with label Facebook. Show all posts

Monday, July 6, 2020

The New Trust Deficit: Facebook, Facts & a Frantic News Cycle

The U.S. is facing a number of simultaneous crises -- rising COVID infections, ongoing civil rights protests for BLM, an economy in recession that's driving huge job losses, bankruptcies, supply chain issues that could cause further harm. 

But there's one thing making each of those crisis worse, more dangerous and out of control.

It's that we can't agree on a single set of facts.

Instead, we have a credibility gap making things worse. Different parts of the country can't even agree about how to frame the various crises, including those cited above and others that have been in the news lately.

CNN's Reliable Sources newsletter recently called this a "trust deficit" in a story about Facebook and why some companies have stopped buying ads on Facebook.

For Facebook, the trust deficit is fueled by allowing misinformation and hate speech to spread.

Social media platforms use algorithms to continue to feed you content similar to the kinds of content you click on. This makes it easy to perpetuate your bubble because you continually see posts that fit your narrative.

Part of the problem: some information may have already been debunked only after we've seen it. Which is too late. People who consume the original message, and used that to bolster their narrative, rarely see the correction or update afterwards.

Another problem: we're so inundated by news that we're overwhelmed. We don't have time to process yesterday's news. Which means we don't have time to process today's news, to put it into context, to make sure we understand it -- before we're hit with the latest shocking piece of news, which is replaced by the even-more-recent news.

The result: we now live in a world with strongly held opinions that aren't necessarily based on facts. 


Which means: we might not agree that the top stories that are, in fact, the most important stories. 

We certainly don't agree with the implications of those stories -- whether they are fake news or facts might be debatable if we could meaningfully debate these issues. 

And we definitely disagree regarding any possible solution to a given crisis.

It's a helluva way to celebrate our nation's independence. 

We try to avoid taking political stands in this blog. But we're tackling the trust deficit because we do see it as a potential business threat for marketers.

It means that where you advertise (and where you don't), where and what you post could be seen as supporting or fueling the trust deficit. It's more important than ever to think about how you communicate to your publics while being aware and sensitive to how your marketing plays today and how it might play in a couple of years.


Tuesday, February 18, 2020

NYT Offers Advice to Combat the "Age of Anxiety" by Changing How You Interact with Social Media


We've long felt that social media is one of the contributing reasons that many Americans are feeling anxious. That's part of why we think we're living in the "Age of Anxiety."

As part of our predictions for 2020, we said we expected the media to cover this, and the New York Times recently provided some tips as part of its "Smarter Living" initiative, entitled, "How to Turn Depressing Social Media Into a Positive Influence."

According to the Times, "The current state of the modern world is a billion voices screaming for your attention, and it’s easy to let the most negative ones filter through and bring you down. It can be exhausting, and if your real life is already a struggle, adding digital gloom can be overwhelming."

The article, whose subhead says, "Don’t let Facebook, Instagram or Twitter become negative aspects of your life. Here’s how to fix them," provides tips on for those three social media platform such as:
  1. Be selective who you follow. "Don’t follow accounts or hashtags you don’t like."
  2. Go back and unfollow friends "who only post negative things...or (those) who only writes rude comments."
  3. Don't click on things you don't like. The reason: Instagram knows what you look at so it will continue to serve up photos similar to the others you've tapped. "Click on something else. It won't take long to adjust and show you that."
  4. Skip Insta's Search page. Instead, "only look at the accounts you follow."
  5. Consider muting or blocking on Twitter to avoid "the most terribly toxic tweeters."
  6. "Enable the Quality filter and other advanced filters to cut down on replies from accounts with only a few followers (i.e., likely spam or bots)."
  7. "Don't post anything you don't want." People sometimes feel compelled to post but you don't have to.
Those are good tips, and there are more in the article so it's worth checking out.

We have another tip: When posting photos or info that includes other people, ask them in advance if they're okay doing so. We know a frequent poster who uploaded group photos that included friends' young kids. The parents and the kids were unhappy to be included; they just didn't want to be included. 

We do expect people to take social media vacations -- that is: to take time off from checking social media -- this year, especially as the presidential election approaches. But the need to take a social media vacation isn't due only to wanting to avoid politics (your own or someone from across the aisle). We feel that the need to take time away from social media can be beneficial and help you be present in a way that constant checking can't do.



Monday, February 4, 2019

4 New Predictions + 17 Ongoing Trends for 2019

It may be a new year but some of the trends we expect to generate media coverage in 2019 are ones from prior years.

In this installment about 2019 trends, we list four new predictions plus 17 ongoing trends that will continue in 2019. That's 21 predictions in one article. In some cases, we will just mention the trend without much explanation because we've covered them a lot before. (If you have any questions, post a comment and we'll respond.)

Here are four new predictions based on continuing trends.
  • Lawmakers will act against robocalls. Here’s an issue everyone can support. We all get too many robocalls, whether on our cell phones or land lines. What’s gotten worse is not just how many of the calls we each get but that most of these have spoofed caller IDs so you think it might be a neighbor or someone you know. We expect lawmakers to pass bills to reducing spoofing and robocalls. Already some of the phone companies are expanding their offerings. One problem: you need a different solution to combat the robocall problem on cell phones from the solution for landlines.
  • More colleges will fail and college debt levels will continue to be a significant issue for millennials. Some colleges can’t afford to keep their doors open and many students can’t afford to pay for a college education. The former is an issue and the latter is huge problem for society. We expect to see think pieces in 2019 (and beyond) about the plight of higher education in America.
  • The implications of the (possible) end of Moore’s Law will generate think pieces. In 1965, Gordon Moore, a semiconductor pioneer, wrote a paper that observed that that the number of transistors on a chip would double every year while the costs are halved. We’ve now reached a point where that no longer may be true. There are significant implications if Moore’s prediction slows down so that instead of doubling every year or two, the number of transistors increases every three to five years. We’re not going to go into the implications here except to say we expect there to be some coverage/debate about this in 2019.
  • Cashless-only retail will gain momentum. This is a generational issue but millennials don’t seem to use cash. They use Apple Pay, Venmo and other e-cash solutions but not cash. We expect to see more stores open that are cashless-only – that won’t accept cash. It won’t happen to supermarkets or hardware stores but it will be more prevalent in neighborhoods and retailers catering to a younger, cooler demographic. You might not even notice it happen if you, yourself, rarely use cash at the register. But it will be a problem for older people and people with lower income, including the 14.1 million unbanked adults, according to the Wall St. Journal; what’s disturbing is that the same article reported that, “Despite consumers’ expanded access to banking, one in five households, or 22.7 million, didn’t use mainstream credit such as credit cards and mortgages in the prior year.” That’s a lot of people who will be further cut off from many parts of the economy. 
Here’s our updated list of ongoing trends:

  1. The Age of Anxiety continues. Chaos, uncertainty, anger, a sense of helplessness and the near-constant news notifications will continue to fuel our Age of Anxiety, especially since it seems to be hard to escape. Even broadcast journalists have commented on air that they’re overwhelmed in trying to stay on top of and to process all the news – and that’s their job. We expect many to experience news fatigue, take “news vacations” or (aka a technology cleanses or digital detox, where they shut off all notifications on their phones and take hiatuses from social media – even though that’s nearly impossible to do. As we’ve said previously, in 2019, we expect more coverage regarding stress, anxiety, mental health and ways to de-stress. But the implications for marketers is this: 1) If consumers are turning off news and social media, it will be harder to reach them via ads, media relations and social media; and 2) They might be interested consumer media that distracts them from their anxiety.
  2. Concerns about Retailpocalypse and Amazonification will continue to have an impact in 2019. More big brands will struggle, close locations or declare bankruptcy this year. One change: we expect some saber rattling about whether or not to clamp down on Amazon’s market power. The good news is there will be some innovations in the sector, and some retailers will do well despite Amazonification. The retail sector is important in a consumer-driven economy but there are implications for real estate (when locations go unrented for a long time), local unemployment (the job market is strong but it may be hard for retail staff to transition to another industry), local economies (what happens to cities when retailers abandon them), local media (which benefits from local ads, circulars, etc.) 
  3. The gig economy, robotics and automation and income inequality will continue to spark think pieces about the nature of work. Last year, we said think pieces about the nature of work would be sparked by the labor shortage and the gig economy. This year, we expect think pieces to be driven by those two factors plus concerns about jobs of the future as industrial robots, and automation begin to make inroads in factory settings. Also look for articles about rethinking income inequality, the social safety net and the future of unions for gig workers who don’t necessarily get minimum wage, unemployment benefits, vacation and sick days or employer-contributions for workers’ comp, Social Security and Medicare. We also expect that there will be calls to better measure the gig economy.
  4. The debate about how to regulate Facebook, Google and Twitter will continue. It’s clear that social media companies continue to not be able to stay ahead of their problems. Congress knows it needs to do something in 2019 to address data privacy, hate speech/bullying that isn’t being removed/policed fast enough and election interference/misinformation from Russia. The new goal of any new regulation should be to go into effect before 2020 but we are skeptical that this will be possible because we’d bet that Facebook, Twitter and Google would have addressed their problems if they could have, rather than be regulated by Congress. There will also be articles looking at technology’s role in a democracy. Part of the problem: social media makes it easy to share content before users vet it, and that’s something Congress can’t mandate.
  5. Fake news won’t fade in 2019. Part of the problem is that the term “fake news” can mean almost anything: from news you disagree with or don’t like (but are actually true) to stories that are part of misinformation campaigns (and are factually false). If we can’t agree on a definition of it, and if Facebook, Google and Twitter all have trouble dealing with the fake news scourge, how will regulations and Congress be able to solve what the social media giants can’t? There’s no light at the end of the tunnel since there are calls that even the fact-checking at Facebook must be checked. It’s harder than ever to trust our institutions, which adds to the anxiety so many are experiencing.   
  6. Cord cutting turns out to be complicated and expensive. Over the next 18 months, we’ll experience a glut as more streaming services get launched. It’s getting harder to find all the things you want to watch. Something available on Netflix last month may be found on Hulu next month and then some new service next year. So to watch everything you want, you’ll have to have subscriptions with Netflix, Amazon Prime, HBO Go, and dozens more. Cable might be simpler and less expensive.
  7. IoT will continue to be victim to cyberattacks. This hasn’t gotten a lot of attention but we think it will. As reported by a friend in a recent issue of Bloomberg Businessweek, recently a cruise line offered “a proprietary mobile app, which unlocks your cabin door and lets you book activities on and off the ship….(A passenger’s) roommate used it to prank her, remotely flashing the lights and opening the blinds in their cabin.” Seems like a harmless prank but it speaks to more nefarious possibilities. We’re worried that there will be more IoT cyberattacks, as IoT, Smart Homes and virtual assistants go mainstream. Perhaps the only advantage of having to get up and walk over to a light switch is that hackers can’t hack your home.
  8. There’s still not enough cybersecurity protection or privacy. They say millennials don’t care much about privacy but we think that will likely change as they get older. There’s certainly not enough of cybersecurity.
  9. Cloud computing will stay strong. This may be the one tech trend that has yet to experience a backlash. Cloud computing remains an important paradigm, and we don't see that changing in 2019, which means that it's a trend that may not get that much ink because editors are always looking for stories that answer "What's new?" and that move the story forward. That said, for business press, there's still interest in the horse race between Amazon's  AWS, Microsoft's Azure and Google Cloud Platform. We expect to see more about "cloud agnostic" or “Not Amazon” as a key message that will help lure customers that compete with Amazon to look beyond AWS. 
  10. Driverless cars will generate attention but still won’t appear at local dealership. Closer on the horizon is more electric cars, with China’s plans to eliminate all new combustion cars and trucks by 2030. There are lots of challenges to be addressed either way, like having are enough charging stations for electric cars and investing in the type of infrastructure – in urban, suburban and rural areas – that can enable driverless cars to operate including in bad weather. Oh, and there will continue to be a lot of coverage of Tesla.
  11. E-Scooters will become more of a thing in 2019. Some of us first heard about a vague problem of e-scooters like Bird that began cluttering up sidewalks in some cities. We expect them to gain more attention in 2019, becoming a full-fledged trends, much the way urban bike share and bike lanes did (it seems to us) in 2018. (They were around before 2018 but people began talking about bike lanes much more, we feel.)
  12. Corporate boycotts and consumer boycotts will continue. These are boycotts by companies in order to demonstrate distance from controversial programs and personalities. We also expect boycotts of companies that are boycotting those controversial people and programs.
  13. Drug pricing will continue to get a lot of attention. The problem: it’s expensive to develop new drugs – on average it costs $2.6 billion – and pharma companies need to use successful drugs to fund future development. There won’t be an easy solution so we don’t expect much from Congress except outrage.
  14. Wearable tech will still not be as mainstream as people in the industry were hoping. But wearable will make quiet inroads so that before you know it (probably not in 2019, though), lots of things will have built-in technology.
  15. The need for more Americans to pursue STEM education and careers continue to be important. With a looming labor shortage (in some fields), businesses are looking for employees with a firm grasp of science, technology, engineering and math (STEM). We think funding for STEM will continue to keep U.S. businesses competitive.
  16. Virtual Reality and Augmented Reality still won’t be everywhere yet. VR and AR still aren't fully mainstream because people still don't yet have a strong-enough need for it. Watching a basketball game on Oculus is cool but not practical in how many people watch content these days, on their phones while in public spaces. (Can you imagine a subway car filled with people wearing heavy headsets?)
  17. 3-D content and 3-D printers will still not be as popular as they are cool.
Let us know if you disagree or agree with us selection. Did we miss something? Overstate things? We're happy to hear from you.

Monday, October 29, 2018

Track Record of Our Predictions for 2018

Each year, before issuing a set for predictions for the upcoming year, we evaluate how we did with regard to the predictions we made for the current year. Without further ado, here are the results for our 2018 predictions.
  1. Expect to hear about “the retailpocalypse" as a key consumer sector tries to fight Amazonification. Retailpocalypse probably was included in more headlines in 2018 than Amaxonification but pretty much any news story about the retail sector mentioned Amazon. It was a tough year for the sector, with two to three thousand locations closing, and 125-year-old Sears declaring bankruptcy in Q3. Unfortunately, we expect the brick-and-mortar stores to continue to have a tough time of it even as Amazon opens more retail locations. While the bad news for retail has been covered, did not capture the attention of consumers as much as we had expected. We expect that Amazonification will capture more attention in 2019, and the downward cycle continues, and expect calls for “doing something” to protect failing retail. Grade: A.
  2. People will be more anxious and angry. We called this era the Age of Anxiety and Anger, and we got this right. In 2018, we saw lots of anger, much of it political, and lots of anxiety. There were many more references to people needing to take a break from their devices’ notifications. As of Oct., we expect more anger after the midterms — however things turn out — that will carry over into 2019 and people start focusing on the 2020 election cycle. We also expect that people will continue to be more anxious — whether due to politics or not — and that there will be more articles about how to de-stress. From a marketing perspective, look for some consumer brands to try to tap into the need to de-stress.  Grade: A.
  3. There will be a debate about whether or not and how to regulate Facebook, Google and Twitter. We got this totally right, particularly when we said, “Expect Congress to continue to hold hearings on the subject – just don’t expect any agreement on the answers before 2018’s midterm elections.” With concerns about disinformation campaigns and data breaches, and claims of censorship-by-algorithm, expect this debate to continue past the 2020 election cycle. Grade: A+.
  4. The labor shortage and the gig economy will spark think-pieces about the nature of work. The labor shortage and the gig economy did get some coverage but we didn’t see as many think-pieces as we expected. However, there were think-pieces about the potential impact on jobs that robots will have on the nature of work. We expect more coverage of the impact of robots on jobs in 2019, along with calls to better track and understand the gig economy’s impact on the economy at large. Because we expected more essays about the labor shortage than we saw, we will reflect that in our grade. Grade: B+.
  5. Conversations about gender, sexuality and sexual harassment have changed – at least in the media. This was definitely true in 2018. We continued to see a big divide, and lots of anger, and unfortunately, both will continue next year. Grade: A.
Look for our predictions for 2019 before Christmas.

Meanwhile, tell us what you think. 

Friday, December 15, 2017

Key Predictions for Trends in 2018, Part II

When we evaluated trends for 2018, we came up with more than five -- while avoiding politics. 

Here's what we're calling our Bonus Set of Predictions:


1.  The media landscape will change in 2018. Beyond newsroom layoffs and publication shut downs, which is upsetting, the media landscape will change in other ways in 2018, thanks to three deals: a DOJ-opposed AT&T -Time Warner combination, a more likely Sinclair Broadcasting purchase of Tribune Media, and a Disney acquisition of Fox’s TV and movie studios (but not Fox News, Fox Sports and Fox TV channel). If two of those three deals go through, expect others as defensive moves.  In an Internet of media choices, consolidation at this level may not be in the consumers’ interest.

2.  Artificial Intelligence and robotics, now interconnected, will continue to be “hot.” A.I. and robotics will be combined in articles (instead of considered separately as in prior years), and we expect to continue to see scare stories about a “robocalypse” in which A.I.-enabled robots replace human workers as well as more-reasoned articles that debunk the scare stories. We’re not as worried because there we think it will open other types of jobs, and that implementing A.I. seems inevitable because the potential benefits could be so significant. 

3.  Innovation often will come via business models. You might not be able to get a reservation at that great local restaurant you’ve been ordering from but that’s because of their delivery-only business model relies solely on mobile-ordering apps. By eschewing things like waitstaff, expensive leases, and needing to focus on turnover rates for tables, these restaurants are able to flourish in a notoriously tough sector. We expect coverage of that sort of innovation – not so much of technology but in the use of technology – to continue in 2018.

4.  Bitcoin and blockchain is hitting it big time. Lots of coverage. Still not mainstream but finally reaches a point where people who haven’t paid attention at least have heard of the two cryptocurrency terms.

5.  Is the internet dying? Long before the (possible) end of net neutrality, some have predicted that the internet is dying. The internet (which was once so important it was always capitalized) has been subsumed by apps and by Amazon, Apple, Facebook, Google and Microsoft, which control much of the online ecosystem, from app stores to cloud storage to online ads. Ending net neutrality favors those five companies, while making it harder for small disruptive startups.

6.  The first amendment becomes a battle-ground issue. Between campus culture wars (regarding who can speak on campus and who can disrupt those who try to speak on campus), varying definitions of hate speech and the more-open expression of bigotry, the fight to protect free speech will generate coverage in 2018. Part of the challenge is a polarize climate is finding the balance between allowing free expression and preventing bigoted express.

7.  Millennials’ impact will change how companies market products and services. Currently America’s largest generation (sorry, boomers), millennials have had a significant impact on the workplace. In 2018, marketers will increasingly realize they need to change how they reach the 4.8 million 26-year-olds, and the millions of others currently 25, 27 and 24 as they encounter life-defining moments that include: choosing a career or to enter the gig economy; buying or renting a place to live, along with renovating or making repairs; taking on different responsibilities such as paying taxes and keeping track of their finances, including retirement; getting married, deciding whether or not to have kids and/or get a pet, and cooking. Millennials’ preferences and needs have already spawned new apps and services to deal with these responsibilities and choices. For example, we’re seeing a rise in food-delivery apps from restaurants that offer only takeout (not sit-down) service because they have a kitchen but no need for a dining room. We also expect a trend that began in 2017 to continue: companies will continue to develop educational programs such as classes, online tutorials and how-to videos on what the Wall St. Journal called “such basic skills as to mow the lawn, use a tape measure, mop a floor, hammer a nail and pick a paint color.” We also expect millennial preferences to become the default choice; for example, doorbells may become vestigial as millennials text, not ring, when they arrive at a friend’s house.

8.  Smart-Home automation will gain acceptance but still a niche offering. Smart homes are preferred in some markets by some buyers but not everyone wants them or values them yet. That said, smart home technology and appliances are getting easier to find, install and deploy. One possible driver of smart home tech could be counter-intuitive: with a growing population of seniors aging in their homes, their adult children may insist on installing tech that can help them monitor their parents. As long as the internet doesn’t crash, adult children will be able to check in on their parents, adjust heating and air conditioning (already possible with Nest and other devices), turn on lights and get help via apps that their parents may not have figured out. As tech-friendly boomers age in their own homes, expect them to embrace smart-home technology. We think Internet of Things (IoT) will continue to be a widely used phrase but that “smart home” is a more user-friendly term that may be easier to market. By the way, the biggest smart home tech segment will continue to be intelligent personal assistants like Amazon Alexa and Google Home speakers.

9.  The ranks of unicorn startups will grow but expect a backlash because unicorns are difficult to sustain. There’s a lot of money being thrown around, which is why we expect some of the enthusiasm for unicorns to diminish. It’s been very difficult to maintain a $1 billion-plus valuation in a meaningful exit. Also, we think New York Times tech columnist Farhad Manjoo is right when he said, a continued threat for startups is that just “fewer than 1 percent … end up as $1 billion companies” and that the Frightful Five (Amazon, Apple, Google, Facebook and Microsoft) can out-pay key employees (an issue in the A.I. space), out maneuver or just invest in startups and co-opt them.


10. Religious nonprofits will be able to publicly make political endorsements, but doing so will change how they are perceived. As this is written, the GOP is discussing whether to eliminate the Johnson Amendment, which prohibits nonprofits from endorsing political candidates. We think Congress will repeal Johnson because it’s a campaign promise President Trump made. However, we think – and some, who otherwise hold opposing views, agree that it will affect how American’s perception when religious organizations are turned into political action committees. 

In our next post, we will post a set of ongoing trends that we think are important to keep in mind.

Thursday, December 14, 2017

TrendReport 2018: Our Annual Look at Media and PR Predictions

Here is our 16th annual list of predictions of media trends. We develop the annual list to help our clients understand key trends that will affect media, marketing and technology over the next 12 months, so we can help them develop more compelling story angles and strategies to be effective.


Here are five of the agency’s top 18 media and marketing trends for 2018, and we will roll out the rest over the next week:

1.  Expect to hear about “the retailpocalypse” as a key consumer sector tries to fight Amazonification. Consumers love to shop online for the low prices, unlimited selection, and fast, free delivery (if they have Amazon Prime or specials). But traditional grocers and retailers (including Wal-Mart, which recently dropped “Stores” from its name to boost its e-commerce cred) have to find new ways to compete. A retailpocalypse could cause far-reaching ripples into: real estate (there are more than 1,000 malls); advertising (a downturn in retailers’ ad buying would also impact media’s budgets); and employment (the sector lost 51,000 jobs in 2017).

2.  People will be more anxious and angry. The ‘60s may have been the Age of Aquarius but this decade seems to be the Age of Anxiety and Anger. One cause: screen addiction. Constantly clicking our smartphones for the latest news – and it seems that there’s continually breaking news – may help us feel we’re on top of the situation but it leaves most of us feeling more empty, worried and angry than before – despite political preferences. We anticipate more coverage on stress, anxiety, mental health and ways to de-stress, which includes taking a break from your device – aka a technology cleanse or digital detox – which is healthy and a good idea but may seem impossible to do.

3.  There will be a debate about whether or not and how to regulate Facebook, Google and Twitter. The concern is about the power of their algorithms to determine what we see, especially regarding political ads and the veracity of the news delivered to each of us. The three major platforms have not disclosed specifics but have committed to working to increase transparency and prevent completely false and irresponsible content from being perceived as real news. The underlying questions are: "Has big tech gotten too powerful?" and "Can the major players truly clamp down on the false narratives spread on their platform?" and "How can Congress find a way to regulate them to prevent it from happening in the future?" Expect Congress to continue to hold hearings on the subject – just don’t expect any agreement on the answers before 2018’s midterm elections. (Net neutrality, another issue that also involves big tech, will be an additional source of debate and contention.)

4.  The labor shortage and the gig economy will spark think-pieces about the nature of work. The media will examine the nature of work in the age of a gig economy, including whether it’s a temporary arrangement until a full-time job comes along or a side-gig to supplement primary salaries. Also look for articles about rethinking the social safety net and the future of unions for gig workers who may not get minimum wage, unemployment benefits, employer-contributions for workers’ comp, social security and Medicare, among other benefits.

5.  Conversations about gender, sexuality and sexual harassment have changed – at least in the media. We’re in the midst of a necessary and significant societal change, and hope that the conversation will deter sexual harassment, and cause toxic cultures to reform, whether in the office or elsewhere. While a post-Weinstein mentality has certainly affected the media and entertainment worlds, we will know if there are long-term changes if men in other fields, like banking (not just VCs) and politicians (not yet named), are resign or are forced out of their positions. Meanwhile, gender and sexuality issues will continue to generate coverage, whether about bathrooms, pronouns or other ways to be inclusive.

The complete list, containing more than a dozen additional predictions, touching on the changing media landscape, bitcoin, smart-home tech, and the future of unicorns, will be rolled out on PRBackTalk.

In the meantime, let us know if you think we were right, somewhat right, kind of wrong or totally missed it.

Wednesday, March 16, 2016

Forbes' D'Vorkin's 11 Observations about the New Business

I don't always agree with what Lewis D'Vorkin writes in his column about the confluence of media and journalism in the digital age, but he's always worth reading. Sometimes his column is all #humblebrag about how smart Forbes is -- actually, based on a very unscientific survey, most of his columns are humblebrags. 

But his current column, "Inside Forbes: 11 Realities And Observations About The News Business, Like Them Or Not," is definitely worth reading for the following observations. (I'm not going to repeat all 11 items -- go read the column for yourself -- I'm just pointing out those I find most significant, and including some of my observations based on D'Vorkin's.)


  1. Content needs to be mobile-friendly and easy to consume -- but much of it is not. One problem is that when you click on a website on your mobile, often you'll get a pop-up ad (Forbes does this to, by the way) that you can't exit from because the form factor doesn't let you scroll easily to find the X. That's annoying and a problem.
  2. Ad-blocking software will get more popular -- a trend we didn't really address for 2016, but I tend to agree. The rise of ad-blocking will hurt online ad revenue that media properties can generate and depend on -- this is will lead to lower revenues, layoffs, and more media properties being shut down. Oh, and higher subscription fees for those media outlets that have a paywall.
  3. Facebook is not just a social network. It is a media play, and other sites' traffic rates are declining because people check out the headlines and comments on Facebook without clicking through. Again, that will affect online ad rates.
  4.  Lest you think Facebook is unstoppable, it is facing stiff competition from messaging apps like Kik, Snapchat and Whatsapp.
  5. A lot of the media sites (and quasi-media/e-commerce sites like Refinery29) that are doing well are targeting women. That says something for companies looking to target customers.
  6. Death of Page Views -- which even D'Vorkin admits has been a prediction that people have made for years now. But this time, it's different because there are new data and engagement possible via mobile.


Anyway check out his article.

Wednesday, December 18, 2013

Birnbach Communications' Top Predictions for 2014, Part I: 6 Top Media & Social Media Trends

We've been issuing annual predictions for a dozen years now. Our goal is to help our clients more effectively understand and engage on topics of interest for media and social media.

We will be rolling out our 2013 list of trends over the next few weeks. Here are the first few covering media and social media:

  • The media business has not stabilized.  After a few years of cost cutting and, in some cases, moving to an online-only business model, approximately 1,000 newsroom jobs were cut in 2013. Meanwhile, in a counter-intuitive move, Newsweek, which last year had shifted to online-only, has announced plans to restart publishing print editions. What this all means: That publishers still have not found a sustainable business model. While we expect 2014 to be a strong publishing year because of campaign ads for the mid-term elections, we expect more layoffs and changes through 2015. Implications: The need to boost online readership will likely to continue to skew coverage to focus on celebrity, entertainment and sports (our version of bread and circuses), which means there may be less room and fewer resources allocated for necessary but less sexy news. (Think we're overstating this? How do you explain the fact that "twerking" was a big story this year or that Miley Cyrus was a finalist for Time's Person of the Year along with eventual winner, Pope Francis?) 
  • Journalists continue to use social media to announce and report – and broadcast reporters often recap the mood on Twitter. It’s not just “citizen reporters” who use Twitter to report news; real reporters at traditional news organizations not only link to their articles via Twitter – they often break news on Twitter, followed-up by full reporting at their usual format. We’ve even seen articles in newspapers that are comprised of previously tweeted material. We’ve also seen a lot of examples of broadcast news programs reporting on the Twitterati reaction to an event. Implications: This is another reason to follow reporters on social media – to see what they’re working on, and to jump on stories (as appropriate). And it’s another reason to use a hashtag and participate in commenting on a relevant event. 
  • Traditional media will be burned in 2014 by jumping on a social media trending topic. We’ve seen it a couple of times in 2013 and we expect to see more in 2014: Tweets of a compelling incident that go viral only to turn out to be false, like the confrontation live-tweeted on a much-delayed Thanksgiving flight or Kyle Ayers’ live-tweets of a #rooftopbreakup that may or may not be fictional. Digital hoaxes can be entertaining and feel real, and in the urge to “own” the story before their competition gets it, traditional media is reporting first, fact-checking later. Reporting fake tweets as news hurts everyone’s credibility. Implications: the media needs to be more skeptical about reporting on trending items; one problem is that initial reports posted online remain online, clogging search engine results that may include articles that actually report on the hoax as a hoax. In other words, non-updated articles containing wrong information will make it more difficult to sort out the truth.
  • Native advertising will be big in 2014. Back in the pre-online days, native ads were called advertorials. These days native ads often appear under headlines as "Featured Content" to make them look like articles. The Huffington Post, Washington Post, Forbes, Vanity Fair and others have been experimenting with native advertising, with the latter two requiring substantial traditional ad buys. However, because the content isn't obviously an ad, we expect the FTC to question current practices due to a lack of transparency.  Implications: Too much native advertising in a publication could dilute its hard-to-earn credibility while the revenue from native advertising could decline because consumers are likely to tire of native ads and stop clicking on them.  
  • Marketing via flash mobs will seem so 2009. Flash mob marriage proposals or musical or dance performances were fun to watch when they first started hitting YouTube.  Some companies, like T-Mobile have been successful in raising awareness through flash mob videos but we think that the novelty has worn off. (The same is true for flash mob wedding proposals, too, by the way.) Implications: Companies need to find something new to say to get viewers' attention with flash mob videos.
  • Instagram and Pinterest will remain important sources for recommendations and inspiration.
    o    Facebook will continue to be an important source for recommendations in 2014 but people's timelines get cluttered by a lot of irrelevant posts. Because Instagram and Pinterest offer visual images with little or no commentary, they tend to have more impact.
    o    Instagram/Pinterest envy: People post updates on their lives that are often stage-managed or curated to capture a life we'd like to live not the live we actually live. For example, the kids in the photo are clean and smiling, and the room is neat. What others don't see is how much effort it took to get things that way (how many changes of shirts to find a clean one, what bribes were offered to get a hint of a smile). That doesn't mean that the rest of us don't feel bad about our own kids, homes, lives when we see what seems to be perfection of our friends. Instagram envy seems to be worse than Facebook envy since Facebook posts often include articles and links, random thoughts, etc. while Instagram offers just the photo itself, images that had affects added to them that make the images seems idealized. We don't see that kind of envy with Twitter, LinkedIn, Facebook or Pinterest -- the latter mostly because people post things they themselves want and don't have. But expect more coverage in 2014 of Instagram envy, as an example of how social media actually alienates us, not bring us together.
    o    Implications: Marketers need to make sure they develop easy-to-capture-and-share content, particularly with regard to video and still photography. Twitter has been offering up mirrors that can be used at celebrity events to make it easier for stars to Tweet a selfie at the Oscars and other red carpet events. Nonprofits, in particular, should offer something similar at their events.
Let us know if you agree or disagree. And check back tomorrow for additional predictions.