Moat Analytics Reveal that Quality Journalism Eclipses Industry Benchmarks for Attention

Analysis released today by the World Media Group (WMG), a strategic alliance of the world’s premium media brands, confirms that advertising campaigns viewed within a trusted editorial environment are yielding significantly better results for attention and viewability than the industry standard. Independent analysis from SAAS analytics and measurement firm, Moat, shows that premium digital inventory running across the World Media Group’s brands in Q3 2018 outperformed Moat’s benchmarks by between 13% and 144%.

The analysis measured the quality of engagement delivered by WMG brands across Display Desktop, Mobile Web and Video Desktop.

Display Desktop: Display ads viewed on desktop across WMG inventory achieved an active page dwell time of 66 seconds, 39% higher than the industry average. The In-view rate (where 50% of the ad is viewable for 1 second) and In-view time both exceeded Moat’s benchmark by 27% and 25% respectively.

Mobile Display: WMG inventory also performed well on mobile encouraging 35% more interactions than average. Viewability rates were 32% higher than the benchmark and engaged consumers for 13% longer.

Video Desktop*: Desktop videos viewed across WMG inventory achieve 22% higher than average rates for viewability (where 50% of the ad is viewable for 2 seconds). Consumer attention to videos was also high, with audible and visible completion rates coming in a staggering 144% higher than the Moat Q3 2108 benchmarks.

“The impact of poor quality journalism and fake news over the last couple of years has made consumers much more savvy about where they go to for information,” said Alex Delamain, Chair of the World Media Group and SVP, Head of Sales & Client Services, EMEA, The Economist. “Trusted editorial sources including the titles in the WMG’s portfolio have experienced a positive boost as a result; we’re now seeing a halo effect, translating into a more engaged audience for advertisers. The Moat analysis underscores what we have long believed – that consumers are more receptive to advertising when it’s presented within an environment of high quality content that they trust.”

The World Media Group has also announced that Business Insider-owned by Insider Inc. has joined the WMG alliance. Pete Spande, CRO of Insider Inc. said, “As Business Insider continues to expand its global reach and impact, we’re pleased to join the WMG alliance, whose important mission is to promote quality in both journalism and the advertising needed to support it.”

The Moat data is based on analysing desktop, mobile and video advertising campaigns running in Q3 2018 across the following World Media Group brands: The Atlantic, Bloomberg Media Group, The Economist, Forbes, Fortune, National Geographic, Reuters, TIME, The Wall Street Journal and The Washington Post.

The in-depth results from the Moat analysis are as follows:

Measure/Benchmark World Media Group Lift compared to Moat Q3 Benchmarks
Display Desktop Industry Active Page Dwell Time (secs) 66s +39%
Display Desktop Industry In-view Rate (50% for 1 second) 72% +27%
Display Desktop Industry In-view Time 35s +25%
Mobile Web Universal Touch Rate 12.7% +35%
Mobile Web Industry In-View Rate (50% for 1 second) 67.3% +32%
Mobile Web Industry In-View Time (secs) 19.5s +13%
Video Desktop Industry In-View Rate (50% for 2 seconds) 75.2% +22%
Video Desktop Industry Audible and Visible Complete Rate 53.6% +144%*


*Desktop video numbers are based on five WMG publishers – Bloomberg, National Geographic, The Washington Post, Time and Fortune – which had video inventory running during Q3 2018 when Moat’s analysis took place and therefore represents a smaller sample than on the other platforms.

** ENDS **

Media contact: Charlotte Panther
M: 07834431206
E: charlottepantherpr@gmail.com

About the World Media Group:
The World Media Group is a strategic alliance of the world’s leading media brands which incorporates The Atlantic, Bloomberg Media Group, Business Insider, The Economist, Forbes, Fortune, National Geographic, Reuters, The New York Times, Time, The Wall Street Journal, The Washington Post and associate members: Moat, Smartology and The Smithsonian. Its aim is to promote award-winning journalism and the role of international media. Visit www.world-media-group.com for further information.

 

About Oracle Data CloudOracle Data Cloud helps marketers use data to capture consumer attention and drive results. Used by 199 of the 200 largest advertisers, our Audience, Context and Measurement solutions extend across the top media platforms and a global footprint of more than 100 countries. We give marketers the data and tools needed for every stage of the marketing journey, from audience planning to pre-bid brand safety, contextual relevance, viewability confirmation, fraud protection, and ROI measurement. Oracle Data Cloud combines the leading technologies and talent from Oracle’s acquisitions of AddThis, BlueKai, Crosswise, Datalogix, Grapeshot, and Moat.

WMG hosted our Cannes Wrap 2019 this week. It was a hugely enlightening and insightful panel discussion about the key themes and ideas that arose from Cannes Lions 2019. 

Our panel was: Chair; Alex Delamain, SVP, Head of Sales & Client Services, EMEA, The Economist; Alex Altman, President, Global Client Operations, Wavemaker; Alison Harbert, Head of Marketing & Branding, EMEA, Nomura; Johanna Mayer Jones, SVP Partnerships, The Atlantic; Joe Mayes, Brexit & Media Reporter, Bloomberg; Will Nicholson, Founding Partner, The Vision Network; Vanessa Pymble, Head of Global Marketing, Edelman.

Detailed below are the main topics of discussion:

Thoughts from Cannes

  • The pendulum has to some extent swung away from the idea that ‘data is king’, and that at Cannes there was recognition that while smart use of audience data is important,  that  ‘human experience’, trust and engagement were of at least equal value.
  • Purpose – seemed to be the key word of Cannes – brands must be seen to have specific purpose. 
  • Social good was another key theme but it needed to go beyond simply social good and strive towards actual government policy change.
  • After a drop in attendance in 2018, 2019 seemed busier although there was concern within the panel that there was more focus on American work and less international work was shared.
  • Cannes 2019 was described as the year of ‘Business Consultancy’ 
  • It was suggested that marketeers by continuing to spend ad budget on social media are either consciously or unconsciously accepting that their advertising is facilitating social media channels to host ‘fake news / damaging content’.  Only by advertisers withdrawing ad funding will they force the social media to clean up their act.
  • All of the panellists attended Cannes but only half actually went to the main Palais.  Alex Altman recommended that all attendees should spend at least 2hrs at the Palais looking at the creative work, as a source of inspiration for the coming year.  

Looking towards Cannes 2020

  • It was felt that Cannes is split into 2 halves – ‘creative’ and data.  The organisers need to work to bring the 2 halves together.
  • The panel felt strongly that Cannes needs to be more environmentally friendly and diverse and that the infrastructure is not set up adequately.
  • Social media platforms need to be held to account – Have they delivered on their promises to clean up their act?
  • It was suggested that there are just too many Cannes Awards so less awards and more clarity would be beneficial.
  • It was suggested that companies should consider sending more of the young up and coming staff – as an inspiration, as well as their senior exec team.

Photo Credit: Jane Clipston

A fantastic, insightful event hosted by The World Media Group last week – our Masterclass in Storytelling.  An expert panel presented winning case studies from our recent 2019 World Media Awards – these included campaigns from Audi, Deutsche Bank and Formula 1.

Panel from l to r: Sarah Thomas, Accenture; Katie Cook, Wavemaker; Christoph Woermann, Deutsche Bank; Adam Nunn, PHD Media and Alex Delamain, The Economist.  The panel was chaired by Johanna Krantz from Thomson Reuters.

The World Media Group had some really innovative entries for their recent World Media Awards. Take a look at this video to see all those entries who were shortlisted for the Grand Prix award.

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FOX Networks Group Wins the Grand Prix for its DEEP STATE Pan-European Marketing Campaign

London, Friday 5th April 2019:The winners of the 2019 World Media Awards were announced last night at an exclusive VIP event held at The Ham Yard Hotel in London with brands such as Amgen, Audi, Credit Suisse, Deutsche Bank, Formula 1, Incredible India, Samsung and Siemens receiving accolades for their entries. Hosted by the World Media Group*, the World Media Awards, now in their fourthyear, are the only global awards to recognise brands, agencies and media partners who, together, create the most effective cross platform, cross border, content-driven advertising campaigns.

The biggest winner on the night was FOX Networks Group, whose pan-European campaign for the espionage thriller series DEEP STATE, picked up the World Media Awards Grand Prix, as well as winning the World Media Award for the Media and Entertainment category. The winning campaign succeeded in heightening awareness for the ‘Deep State’ concept and igniting interest and conversation with its target audience even before creative material from the series was available. Following a global strategy with local activations, the campaign delivered an uplift in new audiences of nearly 40 percent.

The judges also praised Audi,winner of the Automotive category,for its innovative ‘Bring the e-tron to the Digital Airwaves’ campaign, which brilliantly exploited the podcast as a content channel, delivering outstanding results for the business. Formula 1 drove away with the prize for Luxury, Lifestyle & Fashion, and received a Highly Commended in the Media & Entertainment category, for‘Unleashing the World’s Greatest Racing Spectacle on the Planet’, a campaign designed to increase fan engagement by drawing them closer to the drama of F1 and creating active conversations around the brand. Incredible India’s entry,promoting the Indian sub-continent as a world-class tourist destination,took home the Travel & Tourism award fora campaign full of high impact imagery and visual storytelling, which was produced specifically for a mobile-first audience.

“The World Media Awards provide an important benchmark for innovation in international content marketing so we’re delighted to be awarded this year’s Grand Prix for the DEEP STATE marketing campaign,” said Antoine Chapuy, Senior Marketing & PR Manager, Fox Networks Group Europe & Africa.“We were up against an impressive line up of competitors so it’s testament to the hard work of our European and African marketing teams whose collaboration and execution was key to the success of the campaign.”

A panel of 30 senior jurors from leading advertisers, agencies and publishers, headed up by Co-Chairs Stacy Gratz, Global Media Director at Bacardi, Caroline Foster Kenny, CEO EMEA at IPG Mediabrands and Jim Piercy, Creative Director, Customer Studios EMEA/Asia at The Wall Street Journal, were taskedwith selecting the eight category winners and the Grand Prix winner from the many global submissions. This year saw a huge increase in entries from media brands, a reflection of the number of media owners that have established their own brand studios in recent years to create credible content.

Stacy Gratz, WMA judge and Global Media Director at Bacardi,said“We were delighted to receive an impressive array of submissions from all over the world as more and more brands embrace content as a way to tell their stories across multiple channels and borders.FOX Networks Group’s campaign for DEEP STATE is a great example of an innovative pan-market content strategy that has been executed seamlessly at the local market level across several countries. The campaign maximised cross-border collaboration to yield outstanding results overall, and is well-deserving of the Grand Prix award.”

For more information on the World Media Awards and to see the winning entries in full, visit http://sandbox.world-media-group.com/awards/2019-winners.

 The winners of the World Media Awards 2019, along with comments from the judges about the category winners,are as follows:

 

Automotive
Winner – Audi e-tron: Bring the e-tron to the Digital Airwaves
Entered by: PHD GermanyCredits: iTunes, Podigee, Spotify, Soundcloud, Youtube, Deezer, Viertausendhertz

“This campaign showed some great insight around the power of podcasts. There was a clear business challenge and they told a great story of the development of the strategy, the implementation and results – and the business results were fantastic!”

Brand & Media Owner Partnership
Winner – Credit Suisse: The Power of Entrepreneurial Thinking
Entered by: Bloomberg Media Group

Credits: Havas International, Ipsos MORI

“This was a well-considered partnership. The content was audience behaviour led, digging down into the science of the entrepreneur and offers the audience real value. The results speak for themselves!”

Highly commended- Samsung Galaxy Note9: Selling a Phone with Hidden Powers
Entered by:Starcom
Credits: Epic Games, Ninja, SSSniperwolf, Markiplier, Ali-A, Harry Kane, Publicis Sport & Entertainment, R/GA

“This campaign benefitted from an intelligent strategy that highlighted a clear USP, creating exclusivity and virility in a beautifully crafted way.”

Corporate Influencer
Winner – Amgen JAPAC: The Cost of Silence
Entered by: The Economist Group

“In a very tough sector, this campaign delivered its message to the right audience, going above and beyond what you would normally expect.”

Financial Services
Winner – Deutsche Bank: Global Treasury Leaders Programme
Entered by: EI Advisory
Credits: The Economist

“This campaign has created long-term value, building a genuine community around specialist issues. It demonstrated clever targeting, was led by highly focused information and content, and delivered great business results.”

Lifestyle, Luxury &Fashion
Winner – Formula 1: Unleashing the World’s Greatest Racing Spectacle on the Planet
Entered by:Wavemaker Client Solutions London
Credits: Wieden+Kennedy

“This campaign needed to resolve a tough challenge – it was a well-presented entry, demonstrating a great, insight-led strategy and delivering superb business results.”

Media & Entertainment
Winner&Grand Prix Winner –FOX:DEEP STATE Pan-European Marketing Campaign
Entered by: FOX Networks Group
Credits: That Lot Agency

“The DEEP STATE campaign achieved amazing results – delivering an uplift in new audiences to the channel of nearly 40%. The entry incorporated innovative , creative solutions, with real-time, agile and responsive media and content choices..”

Highly Commended –Formula 1: Unleashing the World’s Greatest Racing Spectacle on the Planet
Entered by: Wavemaker Client Solutions London
Credits:Wieden+Kennedy

“This campaign created a turn-around for the brand, with multi-level touchpoints and bespoke strategies for different need-states.”

Technology & Telecommunications
Winner –Siemens: Reimagine the Game
Entered by: The Economist Group
Credits: Signal Noise TVC Group

“We loved the data-led story telling. This campaign had at its root an original idea and created engaging content around it.”

Travel & Tourism
Winner –Incredible India
Entered by: CNBC Catalyst

“This campaign benefitted from compelling content and new formats, leveraging CNBC’s premium traveller research insights to identify new opportunities – it also delivered strong results.”

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The Impact of Voice & Sound : the audio web is still in the 90s

 

The audio internet, whether that’s voice-activated devices powered by machine learning AI or journalistic podcasts, is at an equivalent stage of development as the World Wide Web in the mid-90s.  This was the point that resonated most sonorously with panellists at a World Media Group Briefing this week entitled The Impact of Voice & Sound.

 

It was an assertion starkly illustrated by Brenda Salinas, who works on news partnerships at Google.  Salinas showed the audience an image of The Washington Post‘s homepage in 1996 — primitive and clumsy by today’s design standards.  “I think in terms of the audio internet, this is where we are,” she said. “It’s a very nascent technology but it has a lot of potential.”

 

Salinas’s point was echoed by Nate Lanxon, technology editor at Bloomberg, who talked about how in the mid-90s, meta-tagging helped make online content searchable, but in a very rudimentary way. “That’s where we’re at with podcasts today,” he said.

 

Elevating journalism

But while there was a consensus that audio technology is fledgling, there was also enthusiasm about the opportunities it already provided.  Sebastian Tomich, global head of advertising at The New York Times, explained how award-winning journalism had been augmented by an embrace of audio. The newspaper’s The Daily podcast is often the number two ranking podcast in the world.

 

The publisher has also been experimenting with more unusual ways that audio can complement print journalism. This saw it create an “audiozine”, a sonic magazine that introduced listeners to sounds they would never experience in real life, sending listeners on an audio voyage featuring, among other things, laughing rats.

 

Audio proliferation

Event chair Clancy Childs, chief product and technology officer at Dow Jones Professional Information, explained that the “amount of audio-friendly content is multiplying minute by minute” and asked: what are the implications for publishers and brands?

 

For Jeremy Pounder, futures director at Mindshare, the launch of Amazon Echo in the UK, “represented a quite fundamental break in how people interact with tech”.  “We felt that voice and talking to something with a seemingly human voice speaking back, it was a new type of interaction that we’ve not seen in society before,” he added.

 

Experiments conducted alongside research firm Neuro-Insight saw Mindshare discover that sound outperforms text in terms of “cognitive load” on someone’s brain. “When voice works well, it’s a very streamlined way to achieve a task. With text, there’s more going on, with the brain having to work out what’s the important information it’s looking for.”

 

Ethical barriers

But there are ethical concerns too. “One of the biggest is that voice might reinforce gender stereotypes,” he said.  Such as that older men tend to prefer the AI voice of young women, reflecting an increasingly outmoded, patriarchal attitude. “Do brands want to tap into that or take a more progressive stance and challenge some of those stereotypes?”

 

Sonic branding

The session also looked into how music could play a part in a customer’s experience of a brand.   Hamish Goulding, head of global brand strategy and creative at HSBC, explained how the bank’s journey into creating a sonic brand saw it recruit the talents of musician Jean-Michel Jarre.

 

Jarre produced seven tracks, from a string-led orchestral movement and synth-driven alternative, to a mnemonic jingle. The creation of a sound palette has been applied at HSBC’s physical events, in branches to identify when a cashier is ready, in ads, in content and even as a more palatable form of lift music.

 

“Don’t try to be international, try to be universal,” was Jarre’s advice to HSBC.

 

Growing pains

Yet audio technology is still lacking universal appeal, with some panellists expressing doubts, mostly hinged on its infancy.

 

Bloomberg’s Lanxon questioned the genuine usefulness of voice-activated tech as it stands, arguing it is “reminiscent of telephone message trees, because you still have to wait for polite responses before you can comment”.

 

HSBC’s Goulding had more sobering concerns over security and the intrusiveness of voice-activated devices, calling for greater rigour in voice identification, “so you know which customer is which”.

 

But Mindshare’s Pounder outlined a major challenge for publishers and worries around the sheer might of the tech giants —”the trade-off, the distribution of content to the biggest audience possible and the loss of control”.  “I guess the issue for many publishers is that it’s difficult to get people to come to you directly unless you’re a brand of a certain scale,” he said.

Photo: L-R Clancy Childs, Hamish Goulding, Jeremy Pounder, Nate Lanxon, Brenda Salinas, Sebastian Tomich

It’s awards season again and as the headlines from the Golden Globes, Oscars and Brits begin to fade, the spotlight is on an array of awards across the marketing industry. When we founded the World Media Awards, now in its fourth year, I felt there was a genuine need for a platform to celebrate the world’s best content-driven, cross-border advertising campaigns. Of course, the marketing and media industry is full of cynics and I’ve often had to stand my ground when detractors suggest that awards shows are nothing more than an excuse for ego-stroking and back-patting.

Being recognised for your achievements should be celebrated, whatever sector you happen to be in. Winning an award is good for business on a number of levels – it can boost employees’ morale knowing that they’ve contributed to something that has been acknowledged as exemplary work. It can raise awareness for your company, increase credibility and give you that competitive edge. But perhaps most importantly, award shows provide a benchmark to compare the performance of companies within any given industry. They praise the success of innovators, disruptors, those pushing the boundaries – and they deliver a standard for everyone to work towards.

As such, we are delighted that the World Media Awards have been included as one of the recently announced WARC Media 100 Rankings, alongside a number of other high profile award shows, including Adweek Media Plan of the Year, Cannes Lions, D&AD, Festival of Media, I-COM Data Creativity Awards, Internationalist Awards, M&M Awards, MMA Smarties and the WARC Media Awards.

The WARC Media 100 media rankings (the successor to the Gunn Report) are decided upon by a group of senior planners, strategists and media executives and they provide an unbiased standard for commercial creativity and media excellence.Based on the results of what are considered to be the most important advertising competitions around the world, the rankings allow agencies and brands to track and benchmark their performance against their peers in areas of creativity, effectiveness and media.

According to WARC’s David Tiltman, the award shows will be reviewed annually to ensure that the ones analysed for these rankings remain relevant, and reflect the opinion of the industry. So, not only is the WARC Media 100 a valuable tool for agencies and brands, it also keeps us, the award show producers, on our toes. If we’re upholding our end of the bargain and providing a platform that contributes to essential standard setting and measurement within the industry, perhaps even the most cynical marketer will admit that Awards Shows are more than just an ego-boosting jolly.

 

Alex Delamain, President of the World Media Group (WMG) and SVP, Head of Client Sales and Services at The Economist, reports back on the key themes from the WMG ‘Journalism 2020 Breakfast Briefing’ featuring a panel of senior media experts and journalists discussing the future of media and journalism in a world of ‘Fake News’.

‘Fake News’. We all hate the term but the issue is going nowhere as darker forces continue to get paid for creating it for commercial or subversive means. Yet, panellist Tom Standage, Deputy Editor & Head of Digital Strategy at The Economist pointed out that ‘Fake News’ is by no means a new phenomenon.
‘Fake News’ is not a modern day problem.

He believes it goes back to the early days of the printing press when, if you had nothing to print, you would dust off an old pamphlet about a witch trial or terrible disaster, change the names and locations and print it. It was essentially rubbish, but people loved to read these stories and it kept your press busy.
The big change came when the first daily newssheets were set up in the 18th century. The owners realised they had to convince people that they were reliable and trustworthy if they were to get them to buy their paper every day. These fledgling media brands worked hard to build their reputations and credibility. It was the beginning of trusted journalism as we know it today.

The return to ‘Fake News’ has been driven by the internet’s disaggregation of newspapers. Today, the provenance of a story can be impossible to find. You click on a link on social media and get taken to somewhere that looks like a news site to see a story and are unlikely to ever go back there again – so we’re back to the days of the pamphleteers who pumped out content to make money and didn’t care about getting you to return.

Quality journalism is essential for society
Clearly it’s worrying, but the panel agreed that it has led to the big media brands focusing more than ever on quality journalism. Hayley Romer, Chief Revenue Officer and Publisher at The Atlantic, believes that this is not just for commercial reasons but because the sustainability of trusted journalism is paramount to society. For instance, without it people would not have exposure to topics like climate change and so there would be no behaviour change.

Bénédicte Autret, Head of Strategic Relations at Google concurs, explaining that this was why Google is providing publishers with tools. Obviously, as a search engine they rely on good quality information, but also they believe they are part of the same ecosystem and as such have a duty of care to quality journalism.

The importance of education around the value of journalism
Autret also believes that it’s important to show consumers that good journalism comes at a cost. Phillipa Leighton-Jones, Editorial Director Innovation at The Wall Street Journal, commented that the big media brands need to do more than ever to educate the public about what the media does and how to know who to trust. For instance, with an increasing number of state-owned media channels coming into play, such as the Chinese Global Television Network, Russia Today and Al Jazeera, it’s important that consumers understand the context and implications of where their news comes from.

It’s not only important to educate consumers about the media, though, according to Medhi Benchelah, Senior Project Officer, Division of Freedom & Media at UNESCO. He explained how, as part of the UN’s Plan of Action on the Safety of Journalists, it is important to train national security forces about how and why they should respect and understand journalists. Yet, for those that worked for previously totalitarian regimes this requires a huge cultural shift as journalists were viewed as the enemy before.
Corporate brands apply journalistic rigour but, for quality media brands, church and state remain sacrosanct.

It was heartening to hear from Kunal Dutta, Chief Editor of Digital Channels at Shell talking about the factual rigour being applied to corporate content too. His team members all have journalistic backgrounds which means they take a journalistic approach to information inside the business. They apply strict checks and balances to all their stories and truth always outweighs marketing messages.
However, the panel agreed that there were still strict guidelines delineating ‘church and state’ (i.e. commercial teams versus news rooms). That said, innovation is leading to more ‘bridge roles’ between the two. Creation of products requires input from both sides of the wall, but new products and closer ties with corporate news rooms will never be at the expense of their brand integrity.

Innovation must align with core brand values
Interestingly, Alex Wood, Europe Editor at Forbes believes students and cub journalists are much more commercially aware right from the start, which he thinks will be a catalyst for innovation. Dutta said that journalists should not just be thinking about how to develop a great story or podcast but look at what innovations they can use to tell a richer story – suggesting that what delivers the news could become just as important as the news itself.

AI (artificial intelligence) was seen as the most exciting innovation at the moment, providing huge opportunities for new products through its ability to delve deeply into information and also its ability to score quality journalism and monitor ‘Fake News’. However, as Standage pointed out, innovation has to be measured with a yardstick that is bigger than revenue alone. It must be in line with core brand values and do what your audience wants you to do.

https://mediatel.co.uk/newsline/2019/02/28/the-adaptation-and-reinvention-of-journalism/

Alex Delamain is President of the World Media Group (WMG) and SVP, Head of Client Sales and Services at The Economist

Photo: From L-R Hayley Romer, Alex Wood, Bénédicte Autret, Kunal Dutta, Phillipa Leighton-Jones, Tom Standage
Photo Credit: Jane Clipston

“Having a diverse, more representative workforce is one of the biggest challenges we face, as we need an industry that will reflect the UK in the future,” says Karen Fraser, director of Credos at the Advertising Association. Speaking at a World Media Group event held at Bloomberg before Christmas, Fraser added that the industry’s need to stay cutting edge, while not over-representing youth, in its advertising or its workforce, is a “growing point of tension, and one we’ve barely begun to address.”

The average age of IPA member agencies is just 33.7 years, and only 7.8% of employees in creative agencies are aged over 50, a figure that shrinks further to just 4.1% in media agencies.
Few sectors skew younger, but among them are the big tech firms, where median ages remain firmly planted in the 20s-30s, including Facebook (28), LinkedIn (29), Google (30) and Amazon (31), according to Statista. Compare this to electricians (51.2), estate agents (48.5), accountants (45.6), architects (45.4), teachers (39), and even those working in bars and restaurants (34.1).

Such young workforces will only seem more out of step as working ages increase. Don’t be misled by news that life expectancy in the UK didn’t rise last year. For all of us living in industrialised countries, the wider longevity trends are clear. We are living longer than ever before.
Over the past 150 years, life expectancy has increased by two to three years each decade. If the rate continues, then most children born in industrialised countries in 2019 can expect to live beyond the age of 100.

At Bloomberg Media we’ve been working with AXA Investment Managers to explore the repercussions of longevity. For most of us, one inescapable impact of living longer will be the need to work for longer.
This requires different jobs to fulfil different stages of our lives, creating more choice around career, family, finances and health. Longer lives are lives with more transitions. If we get it right, then people can live fulfilling lives well beyond retirement age.

Don’t just stick to the knitting
For people in the media and advertising business, second or third careers are common, although not well-documented. Moves into investment, recruitment, retail or hospitality are all commonplace, although just how common nobody knows. As for all the aspirations to “go plural” and land lucrative non-exec roles in later life, such opportunities are limited and fiercely contested. For those wanting to stay in the industry, renewal is the name of the game.

Kathleen Saxton, founder and CEO of head hunters The Lighthouse Company, warns: “There is a tidal wave coming in the next 24 months, where we expect to see lots of roles being made redundant. As an industry we have not been transforming fast enough and we’re seeing this play out in the restructuring and reimaging of media companies and agency networks.

“There will be people in their 40s and 50s looking for the types of roles are no longer in demand. Our advice to everyone working in the sector is to evolve. You have to retrain yourself – preferably whilst still in a job.” Saxton adds: “Be humble enough to be the novice in the room again. Don’t just stick to the knitting. It’s not about age, it’s about energy and curiousness.”

Lynda Gratton and Andrew Scott advance the idea of a multi-stage life in their seminal book, The 100-Year Life. The days when the knowledge and skills learned in your teens and 20s were enough to see you through a working lifetime are over. The future of working life, they say, will be one of constant personal development, setting time aside to make fundamental investments in re-learning and re-skilling.

“We believe that people will switch to a multiple-career perspective. Each career stage may be different in terms of the sector involved or the role played, it may differ in terms of motivation, i.e., financial or social purpose, and will differ in terms of a trade-off between finances and leisure,” says Scott.

This extended working life brings a plethora of new opportunities. Education, when it is no longer confined to the early part of our lives, is set for solid growth due to rising demand for all sorts of continued learning opportunities. The global education industry is already valued at over $5 trillion and remains in its infancy in terms of digitalization.

Healthcare is another sector in ascendency. In the U.S., around 10,000 people a day now reach their milestone 65th birthday, at which point personal healthcare spending doubles. Other sectors that stand to benefit from longevity include fitness and beauty, travel, wealth management and entertainment.
Longer lives have also made the grey pound more powerful than ever, with those aged 60+ expected to account for the bulk (55 percent), of all consumption growth throughout the next 10 years, according to analysts at McKinsey Global Institute.

Is it time to be your own boss?
For the greying heads working in media and advertising wondering what their next move should be, perhaps there’s some inspiration in the 2018 Harvard Business Review study that found (despite the well-known stories of young tech entrepreneurs) the average age of entrepreneurs today is 42. And in the most successful, top echelon of startups, the founders had an average age of 45. (https://hbr.org/2018/07/research-the-average-age-of-a-successful-startup-founder-is-45)

If you like the idea of starting your own business, at Bloomberg Media Studios we’ve been exploring what drives successful entrepreneurs, in partnership with Credit Suisse and Ipsos MORI. A global study among our audience of Ultra ($50m+) and High Net Worth ($5-$49m) individuals allowed us to dig deep into the motivations of entrepreneurial leaders to unearth a range of defining behaviours and common traits.

We interviewed more than 300 individuals and a quantitative survey was conducted across nine markets. Discourse analysis of the interviews by a team of semiotics experts revealed some universal drivers. Among these traits we found successful entrepreneurial leaders to be much higher on openness, more extrovert, conscientious, emotionally intelligent and persistent.
So, whether it’s a new career, new training or a new startup that appeals, it all comes back to remaining open and engaged, and making the time to develop yourself.

“We do expect 2019 to be a challenging year, but with that will come new opportunities,” says Saxton. “Our advice is for people to break their networks – open yourself up to new experiences and perspectives. It’s definitely a time when it’ll pay to step outside your own comfort zone.”

Arif Durrani is Executive Editor in EMEA at Bloomberg Media Studios

https://mediatel.co.uk/newsline/2019/02/27/what-will-you-do-next

 

Once upon a time, international advertising could fairly be accused of being unexciting, needing to appeal to a broad target market and so lacking the great ideas that local campaigns were able to implement given a better understanding of the humour or nuance of local audiences.  Some of us are old enough to remember those awful TV ads where you could instantly tell it was an international campaign by the bad dubbing and bland creative, and few truly global campaigns would be lauded at Cannes.  Digital, of course, has changed this – making it ever easier to think global but tweak for local, and enabling international advertisers to target audiences more precisely on an international scale.  The World Media Awards have been set up to recognise the growing creativity and innovation in international advertising, particularly those campaigns which engage with audiences with a content-led idea.  Given that our independent jury represents a broad range of expertise in international communications strategy, we’ve been asking them about the new “global / local” approaches and how you make them work.

 

What do we mean by “personalisation” in international advertising?

Our jurors are excited by the  notion of personalisation – of taking an idea and adapting it across different markets so that it is still recognisable as the same campaign despite the regional variations. Brodie Reid, Global Brand and Content Manager at Tourism New Zealand, says that their international campaigns “take a global view of the macro trends happening in the industry and then apply a local lens to tap into what’s relevant and specific for that market”. Annie Granatstein, Head of WP BrandStudio at Washington Post, supported this idea, explaining that a successful and profitable marketing campaign may involve the creation of multiple versions of the content, “not just translations, but accounting for differences in cultures and interest.”

 

Is there such a thing as an “international” audience?

Richard Stokes, Global Head of Content at Wavemaker questions the notion of an “international“ audience, before suggesting that “we should apply all that we know of an audience group and ensure we personalise content to the greatest extent possible”. Iain Jacob, Director, Advisor and Investor,concurred, explaining that “nobody is ‘international’ or ‘domestic’ in today’s world. This is about targeting a mindset – and it is context that delivers mindset.”

 

Is it all about the data?

Raquel Bubar, Director of T BrandStudio at The New York Times said that “the more we can tap into performance metrics, the more we can predict which types of content will work well with different audiences in different regions around the world.” However, whilst data is increasingly essential to the success of a campaign, including the local expertise is still a crucial component. Caroline Foster-Kenny, CEO of the EMEA region at IPG Mediabrands, stated that “trusting in the knowledge of local teams is key to the development of any successful campaign running across multiple territories” whilst Thibaut Portal, Global Media Hub Leader at Pernod Ricard, explained that “head office enables you to consolidate and bring coherency across many activated markets [whilst] local is fine-tuning and adapting strategies.”

 

Great international advertising needs a great idea

Gordana Buccisano, Head of Business Strategy and Commercial Planning at Publicis, said “at the core of a campaign, you need to have a killer insight that forms the basis for the killer idea on which the campaign is built upon. If both are in sync (insight and idea), then the job of balancing global with local becomes much easier to implement.”

 

An international content-driven marketing strategy must find the right balance between using metrics and local insight to personalise the campaign without losing sight of the human truth that the strategy taps into. It’s a fine line to walk, and the successful culmination of this tight-rope act is a feat worth of celebration.   We have a library of some of the most successful international content-led campaigns at [link to hall fo fame]

 

Enter now!

We would love to see how you are tackling these challenges – enter the World Media Awards atwww.world-media-group.com/awards by 7 February 2019.  There’s not cost to enter – we’re simply looking for the best campaigns that have strategically targeted at least 3 countries.