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Nicky Owen in conversation with Arif Durrani, Media Consultant

Welcome to My Media Life, where we chat with the movers and shakers in the worlds of business and marketing to find out what the media industry means to them, their advice for those starting out today, and personal insights into their sources of inspiration and motivations.

This month, we’re delighted to be joined by Nicky Owen, Global Head of Marketing Initiatives at Credit Suisse. Below are extracts from our longer conversation – you can watch the full interview above or listen to the podcast here.

What does the media industry mean to you?

I think it’s a perfect combination to me. I was bullied at university into trying to have a career in accountancy and I had placements in my long summer breaks at accountancy firms, which I did enjoy, but realised my heart wasn’t really in it.

I think that the media industry is a perfect combination of creativity and bringing that sense of developing and creating, whether that’s advertising or planning or content, but also having all the numbers as well. So, to my mind, it was more creative than accountancy, but it also has some of that kind of rigour and analytics. I think it’s, it’s a fantastic industry to be in.

Storytelling itself, and (as I’ve always worked on the international side) being able to do that and understand different cultures and work with people from different cultures has been really stimulating. I can’t think of a better industry, regardless of what you’re studying at university, or if you’re early in your career. There will be an opportunity within this industry for you to find something that you can be passionate about.

What’s the one piece of advice that has helped during your career?

I started off at JWT (J Walter Thompson) and really wanted to work in planning. That’s how I started off, as a planner, because of the strategy and the creativity coming together.

My first boss said from day one: “Always take the meeting notes”. And I think that was really helpful because if you don’t have something to say, certainly starting out in your career, then you’ve got an excuse because you’re writing. You can clarify if someone’s made a point, so you have a role to play within the meeting, and then you’re then sending that to your clients afterwards. You have that contact; you start to build your relationship from day one. I think that’s really important.

I say it to people in my team now, in some ways contact reports and status notes might seem very dull, but they are your way of keeping track of projects and keeping you at the heart of them. So that was the first piece of advice, which I think still holds true today.

As a woman, I also had an interesting piece of advice from a WACL (Women in Advertising and Communications Leadership) event I attended fairly early on in my career. It was from women in the media industry who’ve been very successful, giving advice to other women. One of the pieces of advice, which sounds quite strange – and I can’t remember who said it, but it stuck with me – was, whistle!

Sometimes if you get frustrated, your throat closes up. So, if you’re on the back foot in a meeting or it’s not going how you want it to, or you’re in a negotiation and it’s getting a bit heated, if you can breathe out or, even better, leave the room and have a good whistle, your throat opens up and you get your voice back. And if you get your voice back, you get your confidence back and you start to get your control back. It sounds, really simple but it’s one that’s stuck in my mind.

Another thing someone said is to focus on your people skills. If you have a client or a colleague and you see something that you think might be of interest to them, send it – be helpful to people. Remember names; smile; have conversations. People do business with people, so if things are going well, then that’s great. If they’re not going as well, if you’ve got a good, strong relationship to base negotiations on, you will be in a stronger position. So don’t forget the soft skills.

What’s your favourite thing about your current job?

The variety. I think one of the things that I was worried about when I went from agency side to client side was, would I still get that variety? Obviously in an agency you’re dealing with different accounts – I worked across several accounts at the same time – so you always have variety. I was a little bit worried, but I needn’t have been. My days are very varied.

The other thing that’s interesting is I don’t know all the answers, so I’m always learning. I find it very interesting and it’s lovely to be able to build and have a confidence that you know what you’re doing, but at the same time to not be arrogant and think that you know everything.

What’s your secret talent?

I would say one thing is to celebrate success in others. So, I like to think that I can not only celebrate success in my own career, but also celebrate it in others. I think if you have a generous spirit, then it pays back to you. I take time to mentor people. I take time to try and help understand the career path of others who may be at different stages in their career and try and support others. And it will always make me feel good as well, so that investment in other people pays back.

If you’re kind and you’re interested in others, then people tend to pay back to you. So, I would hope that my secret talent is that ability to celebrate success when you see it in other people, and to try and stimulate that as well.

What advice would you give to someone starting out in marketing or media today?

Don’t have preconceptions. Don’t make decisions on something. So, you could have an interesting sector or client that you’re working with, but the job might not be so interesting, or the job might be really interesting in what you think is a dull sector.

One of the biggest learnings that I made was don’t have an excuse. Don’t say “Oh, it’s okay for them because they’re in a really interesting industry” or “It’s okay for them because they’ve got a really good job”. Take ownership yourself.

A great example of this was when I worked on a project in consultancy, with a company that manufactured concrete slabs. Not what comes to mind when you’re thinking about innovation projects – it was an innovation task. However, they were probably one of the most openminded, forward thinking organisations I’d ever worked with.

Where do you get your daily news from?

I’m a bit of a news junkie. In the morning I have BBC News on, either the news channel itself, or Breakfast TV whilst getting the kids ready for school. I tend to steer towards BBC for news and Channel 4 as well in the evening. In terms of other publications that are slightly broader current affairs, The Economist definitely, Time, the Financial Times as well.

I’ve set up a lot of alerts. I think, like everyone, we don’t have enough hours in the day and it’d be lovely to just sit there and absorb news. I get alerts from WSJ, the FT, Moral Money. I spend a lot of time on sustainability so Moral Money is a really good one for me.

Wall Street Journal – I get their marketing. So again, picking different newsletters for different aspects of my role. The business staples like CNBC and Bloomberg – looking at those the ongoing and the real-time streaming.

Also, the more in-depth programmes. I listen to some of the CNBC podcasts if I’m doing my gardening. I tend to put a podcast on when I’m doing my relaxing things. I guess it’s having to be broad, but also curated, because I just don’t have the time to be scrolling through all the things; I need to cut to the headlines and then dive into things where I’m a bit more interested. So there are lots of alerts set up to try and manage that.

Which media brands are most important to you?

My Sunday Times. So The Sunday Times is my ritual. As a northerner, I have to drink lots of cups of tea or I fall over. So, I have a big pot of tea on a Sunday and sit there and [read] cover to cover. My children know not to disturb me whilst I’m reading The Sunday Times. My husband finds it very strange that I have the paper version of it delivered to the house. He keeps saying just do it on your iPad, but it’s not the same. It has to be laid out on the table with my tea and I’ve done that for many years. I find it’s a really good roundup of lifestyle recipes through to business, through to investments, etc.

The Sunday Times is probably the most enjoyable out of everything that I do. The other place I go to is Harvard Business Review. Every month I’ll have a coffee and have a look on it. And every single time I find something that I can learn and apply, which is quite rare these days. So, Harvard Business Review is another one that career-wise, and also in terms of people management, I find really helpful.

In addition Netflix. Certainly over the last few years, the ability to watch whenever, fits into lifestyles. Interestingly, even working from home, you certainly worked far more hours. So being able watch where and when just to get a bit of relaxation – it seems frivolous, but it’s actually an important part of that disconnection from your work in the evenings.

And then obviously social media, so LinkedIn daily, and Instagram tends to be for retail therapy and inspiration.

How do you switch off?

I’ll probably switch attention more than switch off. I get bored quite quickly. Someone once said to me that there are two types of people in this world: people who relax by being passive, sitting or lying down on a sunbed and reading a book; or you can relax through movement.

I find meditation through movement – so things like gardening or hiking, walking, or Pilates. I very much relax by doing something, so I’m getting the movement. If I sit down, I start looking around and thinking, oh, I should probably be doing something else. The idea about meditation through movement for me, and getting outside to get fresh air, is really important.

Who, or what, inspires you?

I find inspiration in lots of different places. I had some medical issues last year from Covid and I was so humbled and inspired by the medical people that I interacted with. I found that their patience and grace under pressure really made me think about when I’m having a slight tantrum moment! I find it very inspiring to see others who are really good at their job, and do it in a way where you think, that’s awesome.

I also find inspiration from people who are visionaries. I do a lot of holidays in places like the Lake District, outdoors, so people like Octavia Hill, who was one of the founders of the National Trust, along with a couple of other people in 1895. She had this quote, which says the need of quiet, the need of air, the sight of sky and things growing is basically a human need.

I still find that inspirational today. Every time I go somewhere, I think someone had that vision and set that in motion, so that there are places we can go to today and that carries on – I just think it’s extraordinary.

I’m also inspired by the work we do with One Young World and Kate Robertson. She was one of the founders of One Young World, which is an organisation predominantly for people under 30, basically for young leaders to get together. There’s an annual summit and every year we send a delegation from Credit Suisse, and lots of other organisations send them, and people get sponsored as well.

I find Kate’s energy, her vision, her desire to bring change in the world and to understand human nature, using social media, bringing people together, I find her fantastic. I can’t wait to attend the summit again this year in Manchester in September.

And one little personal story: I love the idea of ‘mini adventures.’ One weekend, we hired a boat and were sailing up the Thames towards Windsor. There was a loch where you can all come together, so there are very big boats, lots of lovely leisure cruisers, and we were tied up alongside this very small wooden boat with a little tiny cabin on it. Everything on it was bright green. It was called Sprout.

We were chatting to the guy, a quite elderly gentleman. And he explained he’d retired, and his wife had passed away, and he decided he needed to have an adventure in life. So, he bought this boat that was cheap, which is why he’d painted it all green because it obviously needed loads of work and it was easier to just coat it all in a thick layer of paint!

He’d navigated from the source of the Thames out to the mouth of the Thames and was going back up again. He was stopping and seeing whatever life brings on the way. And I thought, That’s amazing. It’s not a grand plan; it’s not impacting anyone else, but he’s doing something and having an incredible adventure along the way. One day I want a Sprout.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]The World Media Group brought together brand leaders and industry experts last week to discuss the key challenges and opportunities around sustainability – and specifically, marketing’s carbon footprint. Jemima Villanueva, Executive Director EMEA, The Atlantic, chaired the panel, which included Anna Lungley, Chief Sustainability Officer Dentsu; Solitaire Townsend, Chief Solutionist & Co-Founder, Futerra; and Rachael Adams, Senior Manager, Commercial Content, Reuters.

The event prompted a lively discussion showcasing many different viewpoints around subject such as:

  • The way everyone can make a 5% difference immediately!
  • Why we don’t need to reinvent the wheel when measurement already exists. But how do we get more marketers on board to implement it?
  • Which is more important – concentrating on measurement or helping clients to pivot to focus on behavioural change?
  • The innovative solutions that clever brands are creating to change human and societal behavioural for the better.
  • How to avoid greenwashing when communicating about sustainability credentials.

While some of our panel agreed to disagree on specific points, everyone believed that, as an industry, we need to do more. As well as sharing their own experiences, the panellists highlighted some fantastic resources available to help marketers with their sustainability journey.[/vc_column_text][vc_custom_heading text=”Hear from our panellists” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_video link=”https://youtu.be/rJAzxrxgp_8″ title=”ANNA LUNGLEY, CHIEF SUSTAINABILITY OFFICER, DENTSU”][/vc_column][vc_column width=”1/3″][vc_video link=”https://youtu.be/v7VKsnymEPg” title=”RACHAEL ADAMS, SENIOR MANAGER, COMMERCIAL CONTENT, REUTERS”][/vc_column][vc_column width=”1/3″][vc_video link=”https://youtu.be/WjSksHevSyk” title=”SOLITAIRE TOWNSEND CHIEF SOLUTIONIST & CO-FOUNDER, FUTERRA”][/vc_column][/vc_row]

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Josh Krichefski in conversation with Arif Durrani, Media Consultant

Welcome to My Media Life, where we chat with the movers and shakers in the world of business, marketing, and media to find out how they spend their days and what has influenced their lives. This week, we’re delighted to be joined by Josh Krichefski, Global COO & EMEA CEO, MediaCom.

You’re following Sir Martin Sorrell who you worked with for quite a few years and. Are you still in touch?

I’m not in contact with Martin anymore, not for any specific reason. Martin was a brilliant leader at WPP, and massively helpful when he was running the group. He’s quite famous for being always on and always available, and he was for people like me when we needed help on clients or pitches. He was excellent, but obviously we don’t work together anymore, and now we have a brilliant WPP CEO, Mark Read, who’s equally helpful, and WPP is doing well under his leadership. And S4 Capital’s doing really well too, so Martin’s doing great things in his new life.

What does the media industry mean to you?

I’ve worked in the media industry for 24 years now and I’ve always been on agency side. I’ve done all sorts of different roles within agencies. I had my own agency at one time; I’ve worked for independent agencies; I’ve worked for group agencies. I’ve always been grateful for all the different opportunities that I’ve had over the years.

I think the media industry is filled with brilliant, creatively minded people, who have got their feet on the ground. I think that’s quite a universal trait of media industry types – down to earth, smart people with small egos. And that’s what we look for at MediaCom when we’re hiring people. I think the industry is full of people like that. I feel I owe this industry quite a lot.

Is Global Chief Operating Officer an internal facing role or are you seeing clients as well?

I don’t think anyone in an agency doesn’t work with clients in this day and age. I know COO could mean so many different things for different people and in different types of companies. Really, I’ve got two jobs, I’m global COO and I’m a EMEA CEO.

The EMEA role is working with the local markets and all of the local market CEOs. I have a central team of specialist leaders, and together, we work with the local markets finding ways to surface all of the innovation and smarts and spread it across the region as much as possible.

We’ve got a very strong network culture. I speak to the local market CEOs together every two weeks. That’s a benefit of what happened in the pandemic – technology brought us all together and we’ve kept that going. We have a very open dialogue where we will talk to each other a lot. That creates a culture where everyone will do things for each other; nothing’s done through force. People genuinely want to help each other out. My role is to try and facilitate that and try to create a culture where people want to help each other out.

Obviously, I’m very competitive. My biggest KPI when I took over the CEO of EMEA role was always to make sure that MediaCom was the number one agency in EMEA, and we are! That’s about driving new business, both locally and at a regional level. I’m client facing, so I have a relationship with all our lead European clients.

My global COO role is about trying to balance global objectives with local realities. We have lots of important global clients, with global client needs, and those global clients execute in the 96 different markets we’re in across the world. Often, the objective of a global client and of MediaCom globally might be different from what a local market reality is. My job is about trying to harmonise that as much as possible, and particularly across the G12, our biggest 12 markets.

That’s a part of the COO role. The other part of it is making sure we’ve got strong global client hubs in London, New York, Paris, Dusseldorf, Amsterdam, Singapore. My job there is about making sure we’ve got strong leadership in all of those different places and that wherever they are, they’re going to get the same experience.

What’s your favourite thing about your current job?

I love working with local markets – I really do. I’m going to Madrid today. I love meeting people on the ground, our clients, our leaders and our teams – I really enjoy that. And I’ve missed it massively.

I also really love having a global footprint and being able to make decisions with the team, with Nick Lawson, my boss, and with the people around me that really impact the globe. That’s what I love about having a global job.

The media business has expanded significantly in the past 25 years. If you were starting out in the industry today, where would you like to begin?

The first job I ever had was as a TV buyer. I then went into planning, then I joined a strategy consultancy at St Luke’s, the ad agency, and then I went into digital. So, I did a few things that were really good grounding before going into digital.

In answer to your question, the great thing about our industry is you can do anything, and then you can move to something else, and all the experiences that you have in whatever specialism you do are valuable. So, it doesn’t really matter – there is no wrong decision – and that’s why it’s fun.

I was on a call earlier today with our UK team and over the last 12 months, they’ve established, quite quickly, a scaled e-commerce offering where they do everything in e-commerce and they’re doing it at pace and at scale. They’re starting to service some of our global clients out of the UK and other markets.

Now, what I love about that is it shows the entrepreneurialism of a scaled operation that we’ve already got at MediaCom, so that entrepreneurial spirit is still there. When you were asking where I’d like to begin nowadays, the first thing that popped into my head is that e-commerce is a great place to be right now. But it doesn’t have to be [a starting place]; you can move into that down the line as well. My advice for anyone coming into the industry would be to just try and find something that you think is interesting and get into in, and the world will open up for you to try different things.

What do you think your own superpower or special talent is?

Well, the thing I have always had, that’s been very consistent in my life for as long as I can remember, is I’m a pretty good judge of character. I have a pretty good feel for people. My wife and I joke about it quite a lot. She often comes to me to get my perspective on things, and that’s something that’s always been true to me and is true in my career as well. I think I just get people.

What’s the one piece of advice that has helped you in your career?

The thing that I learned quite early, and that I say to other people, is to take yourself out of your comfort zone as much as possible. It feels like quite an unnatural thing for people to do, but it’s the thing that I did. I always put my hand up for stuff that I naturally felt like I didn’t want to do.

If someone said, “Do you want to work on this pitch?’ for example, I’d say yes, even though I didn’t want to work on it, I wanted to hang out with my mates! But I’d put my hand up and say yes, to stretch myself, push myself and make myself feel uncomfortable.

I think that was the best thing that I could ever do. And it’s the thing that I still do now, actually. When I talk to Nick [Lawson, Global CEO of MediaCom], he will often say what he likes about working with me is that I throw myself into the stuff that’s really hard – I get a bit of a buzz off it. That’s what I encourage people to do as much as possible because that’s when you really learn what you’re about. When we’re growing, that’s when we’re at our best and we should always be growing.

Where do you get your daily news from?

I’d love to be more of an internationalist than I am but I’m all about UK media, honestly, when it comes to the media I get my news from. I occasionally read The Guardian and the FT online, particularly during the week, if I’m traveling.

I always read the Saturday Times and the Sunday Times, which come to my house at the weekends. I listen to Radio 4 in the mornings, less so if I’m traveling, but I like to listen on the way to work to the Today Programme. I’ve got Sky News on constantly and I often have Sky Sports news playing on the TV during the day. For industry news, I tend to read Campaign, The Drum and Ad Age.

In terms of media brands now, which are most important to you?

I think the US streamers are getting more important in everyday life. I watch TV and I watch drama a lot and it’s coming from all US-based streamers now. So that’s taking up an increasing amount of time in my day-to-day life.

The media brands that I’d call out are probably more UK ones where I live and where I consume my media. Sky is always the first one that comes to mind, partly because they’re my client and have been for over 10 years. I’ve got a very close relationship with them as a company and as brand, and I want them to be successful.

I’m also quite impressed by their culture. I talked about a scale of business that is innovative and entrepreneurial. I think they are a very innovative company and a disruptive company and yet they’re a scale company. I love them. They challenge us and reward us in equal measure so they’re an important media brand to me.

I come from a family of Lovies. My dad was a drama TV producer, my brother is an actor, and his wife is Abi Morgan, who’s a playwright / film writer. I can watch TV drama all day long and I love any kind of media broadcaster that creates good drama – and I’d say loads of them do now actually. I’m probably not loyal to one brand more than another, but I think all of the commercial broadcasters are doing fantastic work in drama right now.

Channel 4 is a company I admire. They’re very focused on inclusivity, now more than ever; it’s uncompromising and it’s incredibly impressive. I think some of the work that they’ve done over the past 12 months has been amazing.

I like Global. Like Sky, they’re a company that has quite a forensic approach to the customer experience and it’s always interesting to see how that, as a media brand, is evolving.

When I think about the digital brands, I probably spend more time with Google and YouTube than any of the other digital players. I don’t spend that much time on social media. Obviously, I recognise how important social is in the world of media now and what impact it has on people’s lives, both positive and negative, but personally, I don’t spend that much time on it.

How do you switch off from always being on?

I struggle if I’m honest. Like most people, I tend to think too much, and when things are stressful and I’ve got a lot going on with work and I’m feeling anxious, I suffer from insomnia. I get bouts where I can’t switch off in the middle of the night.

The US is quite big part of my role, and when I’m spending time with the US, I have to work quite late into the evening. I struggle with switching off at night and switching off for me in the evening is really important. I meditate, I practice yoga. I go to the gym, I read, I cook. I watch loads of TV – probably too much TV!

I really like podcasts – the ones that are just like chats. I’m not into true fiction stuff, but the podcast I’m loving at the moment is Smartless – it’s hilarious! I love things that make me laugh because things that make me laugh chill me out. I’d recommend the Smartless podcast to anybody. It’s three actors who hang out with each other. One of them invites an A-list celebrity onto the podcast and the other two don’t know who it’s going to be, then the three of them interview that person and rib each other while they’re doing it. It’s brilliant; really funny and I’d recommend it!

Who or what inspires you?

I’m surrounded by people who are smarter than me, both at home and at work. I’m inspired by everyone around me really. I work with all the specialist leaders who are world-class at what they do. I’m constantly surprised and inspired by them.

I also worked with all our local CEOs who are amazing, and we deal with some of the most innovative clients in the world. So again, I’m constantly learning when I’m dealing with people and I’ll often pinch myself and say, I can’t believe I’m talking to people like this, and I get to spend my days with them.

And then at home, my wife is a real inspiration for me. I talk about personal growth and I’m always growing with her. I’m very lucky to have her and my kids to keep me on my toes and keep me humble. I’m the least important person in the house and they make me realise that every day. I’m very lucky. I’m inspired by people, day in, day out.

Do you feel like a seasoned old timer now or are you still as passionate about the media business?

I feel like a pretender. I don’t feel like a seasoned old timer. I’m probably a little bit seasoned, but I feel like I’ve still got so much to learn, and I’ve still got a lot to give. I’m really excited about the future, genuinely. I think our industry is thriving right now and I think there’s so much change happening. And it’s incredibly exciting. And I think there’s a lot of stuff for us to do to be better. In terms of diversity and inclusion, there’s a long way to go. I think there’s a lot more that we, as an industry can be doing for society but I’m excited by that challenge. I feel really good about where we’re going.

If your children wanted to go into the media business, would you encourage it?

I would. I might not have always said that, but I definitely would say that now – it’s the land of opportunity!

Thanks so much for your time today, Josh, we appreciate how busy you are and it’s been great talking to you.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]The World Media Group’s Brand Advisory Board (BAB) met last week to discuss sustainability, and specifically, what steps brands can take to make their marketing more sustainable. The group, made up of influencers in high-level leadership roles across key industry sectors, meets three times a year to discuss best-practice around the issues affecting the media industry. This session began with the results of a survey undertaken by the BAB members to uncover what the group considered to be the greatest issues when it comes to sustainable business.

The top three concerns were:

1) Measuring progress and success

2) Reviewing and achieving goals

3) Telling an accurate story

While all members were keen to improve sustainability in their marketing, they were faced with a number of challenges. The survey revealed that only 3 in 10 of the businesses surveyed are currently reviewing supplier processes. Seventy nine percent of the group said that their business does not currently measure the sustainability of their marketing or advertising programmes, but 29% do review all marketing suppliers for sustainable processes. Some positive steps are being taken with 64% already focused on the areas of resource efficiency, plastics and carbon management. However, communicating a brand’s position is often hampered by the fear of greenwashing; evidencing their position; poor comparisons to competitors; having nothing new to say; connection to long-term strategy; and credibility.

EY leads the way on sustainability

To kickstart the group’s thinking on sustainability, Michael Oakes, Global Sustainability, Program Lead at EY, presented a case study showcasing their ambitious strategy to become a market leader in sustainability. The company has developed a Value-Led Sustainability framework to help design and deliver on the business and investment case for sustainability. EY will be carbon negative in 2021 and net zero in 2025. The company plans to achieve this by setting a 1.5°C-based target to reduce its absolute carbon emissions, and removing or offsetting more than the remainder, each year. They are also investing in services and solutions to help clients on their own sustainability and decarbonisation journeys. This is all part of EY’s brand purpose to build a better and more sustainable working world.

Marketing must lead in the race to zero

Next, Robert Dreblow from the World Federation of Advertisers introduced the group to the WFA’s Planet Pledge, a CMO-led framework designed to galvanise action from marketers to promote and reinforce attitudes and behaviours which will help the world meet the challenges laid out in the UN SDGs. According to the WFA’s recent member survey, Sustainability and Marketing is now one of the top three priorities for global marketers, but the marketing department is generally lagging on their sustainability journey compared with their broader organisation. Planet Pledge encourages marketers to come together to change the system collectively, using creativity to lead the way in the Race to Zero.  To read more about the WFA’s Planet Pledge, click HERE

Armed with this knowledge, attendees split up into breakout groups with a view to brainstorming ideas around how to address the top three sustainability concerns that were identified through the BAB member survey. Each group was given a specific question to tackle. Their take outs are summarised below:

  1. How do you develop and evolve authentic sustainability messaging for different stakeholders avoiding green washing?
  • Firstly, the group felt it was important to remember that having purpose, creating credibility around your brand narrative and highlighting your value proposition has always been part of a brand marketing strategy, albeit now pivoting towards sustainability.
  • It is essential to remain true to your brand so you can’t be accused of greenwashing, and ask yourself, is what you’re doing authentic? Is it relevant? Does it add value to communications? And is it right for your consumers? If it’s done in the wrong way or if it’s too sanctimonious, it is likely to have the opposite effect.
  • Education is key: marketers need to be well-versed in the nuances around sustainability and must not make claims that can’t be substantiated.
  • There is no point in doing something just to be seen to be doing it; don’t force it. If the time’s not right, wait until it is.
  • Be clear on the timelines that you’re holding yourself accountable to and be courageous enough to communicate those as part of your approach.
  • When people are getting sustainability fatigue, find a different way to frame the conversation; get creative and lead the generation of that dialogue, even if you’re not the one doing the talking.
  • Find the right experts to provide reputable input to contribute to the decisions you’re making and be agile enough to make up-to-the minute decisions on messaging.
  1. Are there any easy wins that can be activated easily and are there any associated risks?
  • Focusing on measurement, the group identified two clear areas where everyone could make an immediate difference – in production and events.
  • However, it was deemed essential to build some standards and guidelines to provide consistency for longer term success.
  • The first challenge is aligning all the media owners from a global perspective, which is where the assistance of WFA will be key.
  • The next step is to introduce a standard for the brands aligned with the World Media Group with the ambition of finding a benchmark that we can deliver on year after year.
  • Sustainability will become an official part of the judging criteria for the World Media Awards in 2023, so that every campaign receives a score based on its sustainability in marketing.
  1. What does success look like, how do you measure and at what intervals?
  • The group identified a lack of conversation within the businesses about how sustainable the marketing process is – teams don’t ask enough questions about it from the outset.
  • Marketing teams should be more involved in the procurement conversation so that they can be responsible for sourcing local talent rather than using centralised teams which create a substantial carbon footprint.
  • It’s important to map out your activity, prioritise it and how you want to change: Reduce, Replace, Neutralise – reduce global business travel, for example; replace bad habits.
  • A better understanding is required around digitalisation and sustainability – people often see digital marketing as being cleaner but that’s generally not the case.
  • We need to push back on the ‘just get it done’ attitude and give more consideration to how we get it done. This means educating our teams to think the same way, asking the right questions and being more mindful about mapping out the way towards measurement from the start.

What was clear from all three groups is that the desire to do more is there, and collectively, we can do it better. As an industry body, the World Media Group is well-placed to develop the standards and guidelines that are required to ensure consistency around benchmarking and measuring success for sustainability in marketing. We look forward to continuing the discussion in our Smart Briefing event next month and putting some of the action points into motion before our next Brand Advisory Board meeting in July.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_video link=”https://youtu.be/mfJXlsrfkXU”][vc_column_text]

Sir Martin Sorrell in conversation with Arif Durrani, Media Consultant

Welcome to my media life an exciting new feature from the World Media Group. We’ll be interviewing some successful and interesting media and marketing leaders from around the world to get an insight into their career and some of their personal motivations. Stay tuned for some top tips and interesting insights!

Who better to start this global initiative with than arguably the most globally connected, internationally successful marketing leader of our time? The founder of S4 Capital and WPP, of course, none other than Sir Martin Sorrell.

So, what does the media industry mean to you?

What it means to me is ‘fun’ and ‘interest’. My dad said to me, “Find an industry that you enjoy and then find a company inside that industry that you enjoy. Build a reputation in it, and then, if you fancy, around the age of 40, go off and do something on your own.” My dad didn’t do that, because he worked in the same company for the whole of his working life. So, I would say, the answer to that question, is that the media industry is really interesting.

When I went into it with, I went [to Saatchi] in part, because I liked the industry and it reminded me of the sports and entertainment industry. The only barrier, particularly in the UK, was not about connection or who you knew, but the strength of your latest idea. You just needed a phone and somewhere quiet you could take or make a phone call. So that’s the reason – fun and interest; demanding, enticing, fast-moving and all those things. And virtually zero barriers to entry.

What’s the one piece of advice that has helped during your career?

Although it’s counter intuitive to what people get told now, it was sticking with the company and building. It’s not what people do now – people flip from flower to flower. Maybe corporate lives are so short now, it’s the right thing to do. But I think the best advice was to focus on something that you find enjoyable.

Mark McCormack, the founder and chairman of IMG, was a scratch golfer and he took his hobby into work. He met professional golfer Arnold Palmer at Wake Forest university and Arnold needed somebody to manage his contracts, so he decided to do that. The boundary between work and play was almost non-existent. I’ve been fortunate enough not to regard there as being much of a barrier between the two.

If you were starting out today, where would you like to begin?

I think my horizons would be different. The UK is still a really important economy, but if you look at things globally, you have to focus on countries like the US, China and India, so my gaze would probably be different. If I was starting out, I’d probably go to the US. North and South America are full of tremendous opportunities, particularly South America. I’d also be seduced by what’s happened in Asia Pacific, despite the difficulties currently of going to parts of Asia Pacific or China. But China and India are critically important now and will be in the future.

Like most British people, I’m appalling with languages. If I were starting again, I would focus very much on code and technology and engineering, and also on languages, particularly Chinese, in addition to English, and maybe Spanish.

I was fortunate – I was partly educated (or miseducated as my mother used to say) in America, so I got more of an international view, if not a global view. (In the 1960s although the US talked about global business, Proctor at that time was a big multinational with 10 percent of its revenues coming from outside the US. Global business had not really mushroomed like it did when the economist Ted Levitt got to grips with it in the 1980s with his globalisation pieces.)

So that’s what I think I would do differently. I would certainly still do the education I did. I was lucky enough to get into a great university in the UK, and one in America, and to do it immediately. I didn’t do work experience, which maybe was a mistake – maybe the best thing would have been to have had two years of work experience in between the first degree and post-graduate. But apart from that one qualification, I think, that’s what I’d do [today].

What’s your favourite thing about your current job?

I think it’s the growth of S4. If I think back, Saatchi was about globalisation, WPP was about the continuation of globalisation and the beginnings of technology. The great thing about S4 is that we continue to grow – I think that’s the most exciting thing about it. I’m not looking at my boots – I’m looking at the sky.

I think the clients we work with and the fact that 50 percent of our business is technology or technology orientated is a spectacular advantage. And I don’t want to lose that advantage, so we will continue to maintain that technological focus. We’re not making technology, but we’re deploying it for our clients in the most effective way to grow their top line. The biggest issue our clients face is top line growth and we’re in the business of stimulating top line growth – not just theirs, but our own too. Your outlook on life is very different if you’re growing at 46 percent than if you’re growing at two or three percent.

What do you think is your own secret talent?

That’s a difficult one. I guess a bull-headed persistence! I don’t know whether that’s a secret or not. But it’s persistence. It’s not brain surgery, certainly!

Where do you get your daily news from?

When I wake up in the morning, I switch on Squawk Box, whether I’m in London or New York. So, I’m gazing at [presenters] Ross Sorkin, Quick and Kernen in the US. At the moment, they’re talking about Charlie Munger [the American investor]. Here, it’s {presenters] Steve [Sedgwick] and Geoff [Cutmore] and everybody at Squawk Box in the UK. And then I tend to read the daily financials online – I don’t read them physically anymore – so The Wall Street Journal and the Financial Times probably.

Breaking news I read throughout the day. There are some of the newsfeeds that I look at and I look at some of the general press – the New York Times or the Washington Post in the US or The Times or The Telegraph, The Guardian, or The Independent in the UK. I don’t read as many weeklies as I used to. I used to be religious about reading The Economist, the Investor’s Chronicle, Fortune, Business Week – all these I would go through page by page.

One of the things I find irritating about online is, I’m of an age where I worry about whether I’ve looked at every headline. So, through the day I pick up the newsfeeds, and then in the evening, before I go to bed, I watch Newsnight in the UK. In the US, it used to be Charlie Rose [former televisions journalist], but it it’s a bit more difficult to find the parallels. There are the news services there that I’ll drift off to sleep watching. But here, it’s nice to go to bed with [Newsnight’s] Emily Maitlis!

Which media brands are most important to you?

Well, the ones that I’ve said, and it would tend to be CNN when I’m traveling. Bloomberg, I use quite extensively as well. In South America – Argentina, in Uruguay and Colombia, where I’ve been just recently – access to CNBC is a little bit more limited, so I tend to look at CNN and Bloomberg more. It tends to be the financial brands that I focus on most. I listen to radio at bit. When I walk to work, I might listen to Bloomberg Radio or Times Radio (Goodness knows why they don’t take advertising, but maybe that’s to come). So, I listen to some news brands, but essentially it tends to be around the financial or daily newspapers.

I don’t suppose you have time for any podcasts in your life, do you?

I do, occasionally. Scott Galloway – I like that. I mean, it got a little bit too much: the rants [between] Kara Swisher [Tech Journalist] and Galloway [NYU professor] every week were good, but it doesn’t matter what they’re talking about, the tone is the same, so it gets a little bit tiresome after a while. But it’s quite entertaining, quite fun and good practice if you ever get into a conversation with Scott Galloway, which I recommend you don’t – he can be extremely difficult!

How do you switch off?

I don’t! There’s the Shankly quote, which I haven’t used for a number of years, something to the effect that football is not a matter of life and death – it’s more important than that. S4 is not a matter of life and death, it’s more important than that. So, the answer is, I don’t.

You’ve never seen the boundaries between so-called work and so-called lifestyle? Is it one and the same for you?

I think that’s fair. And I think that, probably, some people find that rather tiresome. But yes, I think that’s true. Remember what my dad said – you should do something that’s fun. It’s not work; it’s what you’re interested in. You asked me about why I’m interested in the industry: because it’s interesting, stimulating, it’s ever-changing, fast-moving. You wake up in the morning, you read what’s in your email feeds or texts, and things you didn’t think were going to happen when you went to bed the night before have happened.

The other thing about our industry is that it touches so many things. It touches society, culture, politics, every corner of the world, every nook and cranny. So, it’s relevant everywhere, every country, in every region, in every area of activity – it can be to B2C or B2B; it could be government. It’s just all embracing. So, it’s a great industry from that part.

The problem is there are still so many people that look back with rose-tinted spectacles to what happened many, many years ago, whether it be in the era of Mad Men, Don Draper or whoever. But it’s really interesting and it never fails to entertain and stimulate, and it’s not boring!

Finally, who or what inspires you?

My dad, obviously, and then a man called Sir Jules Thorn, who founded Thorn Electrical, [one of the UK’s largest electrical businesses] was a mentor. He came from Vienna between the two wars, an Austrian émigré, founded Thorn Electricals and built it up into a wonderful company – it’s no longer, unfortunately, but it was wonderful. And then, Arnold Weinstock, [the business man] who built the English GEC.

These are two people, my father knew because he was in the radio and electrical industry, so it was really through him that I met them. I had the opportunity of talking to Weinstock several times before he died, and about what he did and what he didn’t do. Also, Phil Reese, a lawyer at Davis and Gilbert, one of the leading advertising lawyers, who was not just a lawyer or a counsel, but was a good friend. After my father died, to some extent he replaced him.

If you look around now, I think [Elon] Musk and [Jeff] Bezos are extraordinary. Not just because of what they’ve done with Tesla and Amazon, but the fact they’ve done it in multiple fields. I can just about focus on S4 or WPP or Saatchi’s, but I can’t conceive of anybody being able to do Tesla and go to the moon or Mars, and do a Hyperloop and everything else, and Bezos not doing dissimilar. Richard Branson [Founder of the Virgin Group] is similar in a way, but the scale at which Bezos and Musk have operated at is extraordinary.

Somebody asked me yesterday how many companies in the FTSE 100 are in the hundred, most liquid companies, tradable companies in the world? And the answer is zero. Tesla – well over a trillion-market cap, one of six companies, I think, over a trillion – trades almost as much every day as major exchanges.

When one thinks about what these people have done, and they come in for some criticism in various aspects, but the ability of their minds to morph from one to the other. And Musk is even more incredible because he hasn’t retired as CEO of a Tesla. He carries on, yet he’s doing all the space exploration at the same time. Yuri Milner, the Russian internet investor, would be another one who has managed to stretch his brain to many, many other areas.

The other person I’d have loved to have met is Golda Meir [Israel’s first female Prime Minister] – I see that Helen Mirren is going to play her in a film. That’s probably the one person I’d have really liked to have met.

On that last question, you obviously know lots of the media entrepreneurs and giants of the day. Are there any one of those who stand out as being inspirational?

Rupert Murdoch [Chairman & CEO, News Corp], head and shoulders. You’d have to say Bob Iger [CEO, The Walt Disney Company 2005-2020] as well on the other side of that deal, but Rupert Murdoch’s timing is incredible. You’ve got to remember the roots of that company were in Australia, so it’s quite extraordinary. The fact that the Fox-Disney deal was incredible and look where it is now. He understood it was a global business and he was the first global media mogul.

I met somebody in Uruguay who ran one of the companies that Iger bought. I asked, what it was like? And she said the way that Disney managed creative talent was absolutely superb. If she needed to get anything done, if there were any blockages or whatever, all she did was, was called Bob and he would get it done. So, I would say for entrepreneur, Murdoch and then for manager / owner-manager, I would say Iger.

Thanks for your time, Sir Martin, and for launching My Media Life for us.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]Welcome to My Media Life, where we chat with the movers and shakers in the world of business, marketing, and media to find out how they spend their days and what has influenced their lives.  Here we speak to Atalanti Moquette, Founder, Giving Women.

What’s the first piece of media you remember?

The Cuban Missile Crisis – shows how old I am. Mind you I was 8 years old!

What are your most trusted media sources and where do you go to for inspiration?

The New York Times, The Economist, the New Humanitarian, The Times of London, BBC, HeidiNews.

How do you switch off from being ‘always on’?

I read fiction – it’s is my escape into other worlds, other lives,

How did you get to where you are today?

I am not sure where I am? Curiosity, a desire to give back, taking risks, always open to learning, working with young people putting myself in situations which are outside of my comfort zone, learning from others, being open and ready to share, passion.

What advice would you give to someone just starting out?

Get out of your comfort zone and find your passion

What’s the one source of media you’d take with you to a desert island?

A radio

Thank you![/vc_column_text][/vc_column][/vc_row]

82% of respondents choose to amplify content through trusted digital media channels 

The World Media Group, a strategic alliance of the world’s leading media brands, today released its annual content report: Global Content Marketing Futures. The survey, which questioned key influencers across advertisers, agencies, media brands and consultancies, focused on budgets and implementation strategies as the world emerges from the impacts of the pandemic.

Trusted digital media and paid social top platforms for amplifying content

According to the survey, the most popular platforms for amplifying content campaigns last year were trusted digital media and paid social channels, each earning votes from 82% of our respondents. Future spending, particularly across these platforms looks positive. Content-led marketing budgets are expected to rise over the next 12 months with the majority of advertisers expecting to increase their investment in paid social (47%), followed by trusted digital media channels (38%). One hundred percent of advertisers said they expect to maintain or increase their investment in trusted digital media channels in the year ahead.

The open programmatic marketplace is currently the least popular platform for amplifying content with just 24% of respondents using it, although 26% of advertisers plan to increase investment in the year ahead.

Context is still key in ‘always on’ world

The majority of advertisers (62%) believe it’s important to be ‘always on’ for their customers. The favoured strategy is to use brand storytelling to build long-term engagement with audiences, so that when the time comes for decision-making, their brand is front of mind. Fifty-six percent of advertisers said they’d implemented this approach.

There’s still a clear belief, however, that context it is important for providing the right engagement and impact for brand storytelling, with advertisers rating this at 8.8 out of 10 on a sliding scale of importance, and agencies, media owners and consultants rating it at 8.9.

“After a challenging couple of years for the industry, it’s encouraging to see advertisers choosing to increase their investment in content-led marketing, particularly across trusted digital media brands,” said Belinda Barker, Chief Executive of the World Media Group. “It is testament to the fact that, even in the ‘always on’ world, cut-through and engagement for brand storytelling can only be achieved in the right context.”

What’s a content-led campaign best for?

Whilst the majority of advertisers (41%) believe that the content-led approach is best for building brand engagement, most of our agency leaders (37%) believe that it can be best for changing brand perceptions. A small majority of media owners (33%) believe that advertisers can use the content-led approach to demonstrate thought leadership, but 31% also believe it is best for brand engagement.

What are the best KPIs for measuring content?

Given that advertisers believe that the content-led approach is best for brand engagement, it’s not surprising that time spent with the content was a main KPI for the most number (23%) of advertisers. It’s interesting to see that a shift in brand perceptions is considered a main KPI by the same number of advertisers, even though they didn’t rate that as an advantage of the content-led approach. The shift in brand perceptions was the main KPI cited by the most agencies (43%) and media owners (34%).

Creative’s next big thing

When asked to predict the most engaging creative approaches moving forward, there was consensus that success was less about specific formats, and more about concept and context, or leveraging existing formats in a new and distinctive way. That said, audio and podcasts featured strongly – notably more than AR and VR which, compared to our previous surveys, suggests a reversal of opinion. Respondents also expressed concerns about an over-cluttered branded content environment, with many respondents referencing the need for closer integration with editorial content.

New talent looks positive

Also looking to the future, respondents were asked how confident they were in the pipeline of creative and talented rising stars joining the international marketing, advertising and media sector. Sixty-six percent of respondents were quite or very confident that the creative and innovative future for international, content-led marketing was safe in the hands of the new talent entering the industry.

The research was carried out by the World Media Group, whose members include The Atlantic, BBC Global News, Bloomberg Media Group, Business Insider, The Economist, The Financial Times, Forbes, Fortune, National Geographic, The New York Times Company, Politico Europe, Reuters, Smithsonian, TIME, The Wall Street Journal and The Washington Post, and partner: Permutive, to provide context for the World Media Awards for cross-border, cross-channel content campaigns, which close for entry on 12th May 2022. The full report can be downloaded here.

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About the Survey

The World Media Group carried out the survey between 5th January and 9th  February 2022.  Responses were encouraged through emails and social media outreach to our global contacts.  We received a total of 262 responses: 21% of responses were from brand advertisers, 38% were from agencies, 27% from media brands, and 14% were from other types of organisations, such as consultancies working with clients on international content marketing.  Our respondents represented a breadth of business sectors and were responsible for making decisions for marketing campaigns all around the world.

About The World Media Group

The World Media Group is an alliance of leading international media organisations that connect brands with highly influential audiences in the context of trusted and renowned journalism.  Our members share the same values and principles, and we promote their many synergies whilst championing the role of trusted international media.

About The World Media Awards

Organised by the World Media Group, the World Media Awards celebrate the creativity and effectiveness of cross-platform, cross-border content-driven advertising.  With an independent jury of international brand and agency leaders and content publishers, the Awards are recognised by the WARC Media 100.  Our co-Chairs for the 2022 Awards are Hamish Goulding, Head of Global Brand Strategy for HSBC, and Ritu Lakhanpal, Managing Partner for IPG Media Brands.

Creative Content: Combining timely trends with tried-and-true tactics

This month we have a bumper episode of the Media Navigators podcast with three media innovators talking about creativity in their respective areas of expertise: Alex Wood, Managing Director, Forbes Europe; Damian Douglas, Managing Director EMEA, TIME, and current president of the World Media Group; and Raquel Bubar, Managing Director, T Brand Studio International at The New York Times.

The lively discussion, chaired by Belinda Barker, Chief Executive of the World Media Group, covers everything from embracing the latest trends to revisiting and refreshing some tried and tested approaches to content to engage audiences more effectively, including:

  • Why we’re not likely to experience virtual event fatigue and how hybrid events are enabling a broader audience to have a seat at the table.
  • Why the newsletter is still one of the best ways to develop a deeper relationship with specific audiences – if you get the content right.
  • Cutting through the ‘Google news noise’: Why audiences are now looking for deeper, analytical reads.
  • Using data around audience interaction to inform the newsroom, as well the advertising department.
  • Is there true value in it for advertisers in the metaverse or is it just a ‘catch all’ label for the existing technologies that haven’t quite reached their potential?

The Creative Content episode is available to listen to here or on your usual podcast platform now.

[vc_row][vc_column][vc_column_text]New ‘Rising Star’ Category Recognises Young Talent Making an Impact Today 

London, Wednesday 19th January, 2022: The 2022 World Media Awards (WMAs) are open for entry today, offering ten categories to recognise the best in cross platform, cross border, content-driven advertising. Hosted by the World Media Group, a strategic alliance of global publishers that promotes award-winning journalism and the role of international media, the WMAs are now in their seventh year.

This year includes a new category: ‘Rising Star’, which recognises talented individuals who are making a significant impact to the creativity and effectiveness of content-led advertising strategies, early on in their careers.

The World Media Awards are the only awards to celebrate the collaboration between brands, agencies and media partners to create powerful international content campaigns. The Awards are not for profit; every £30 of the £40 entry fee will be donated to Reporters Without Borders. The charity protects and supports journalism and freedom of speech around the world, a cause that reflects the ethos of the World Media Group member brands.

€750k Worldwide Advertising Campaign for Winners

In addition to presenting awards to category winners on the night, the World Media Awards offer a unique prize. The winning entries are amplified in a worldwide advertising campaign valued at more than €750k running across the World Media Group’s leading international media brands. Members comprise The Atlantic, BBC Global News, Bloomberg Media Group, Business Insider, The Economist, The Financial Times, Forbes, Fortune, National Geographic, Politico Europe, Reuters, The New York Times Company, TIME, The Wall Street Journal and The Washington Post.

Last year’s winning entries included Grand Prix winners, Malaria No More, along with Lombard Odier, The North Face, PlayStation, Samsung Galaxy, Shell, Can-Am On-Road, REWE Markt GmbH, Tourism Australia and Volkswagen.

“Every year, the World Media Awards celebrate the brands and advertising teams pushing the boundaries of creativity and engagement through their content-led marketing strategies,” said Damian Douglas, President of the World Media Group and Managing Director, EMEA, at TIME. “This year, we’re searching for success stories from those just starting out, yet already making a big difference. Our ‘Rising Star’ award aims to surface the very best young talent working for media owners, agencies and brands, and reward them for their innovation and creative thinking in content-driven advertising.”

How to enter: You can enter the WMAs at https://worldmedia.awardsplatform.com/. Advertisers and media owners and their media, PR and creative agencies can enter all categories. The entry fee is £40, of which 75% will be donated to Reporters Without Borders. Entry for non-member media owners remains at £100, of which 75% will be donated to the charity. The Rising Star category is free to enter; individuals can enter themselves for the award or can be nominated by their peers.

Campaigns must have intentionally targeted audiences in at least three countries and 75% of activity needs to have been implemented between January 2021 and March 2022. There is no requirement for campaigns to have run in any of the World Media Group brands. The closing date for entries is 12th May 2022.

Judging: To reflect the importance of collaboration in creating successful international, content-driven advertising campaigns, the independent jury is made up of heavy-weight judges from brands, agencies and media owners. You can find out more about this year’s judges here.

Categories: This year there are ten Award categories open for general entry including ‘Rising Star’ and ‘Social Good’, along with the Content Leadership & Innovation award, which invites nominations from WMG members. The jury will select the Grand Prix from amongst the following category winners:

  • Automotive
  • Brand & Media Owner Partnership
  • Corporate Influencer
  • Financial Services
  • Lifestyle & Luxury
  • Media & Entertainment
  • Technology & Telecoms
  • Travel & Tourism

Awards event: The winners will be announced at an exclusive live ceremony on Thursday 8th September 2022. Shortlisted entrants will receive two free tickets to join the celebration as guests of the World Media Group, and additional tickets will be available for purchase.

** ENDS **

About The World Media Group
The World Media Group is a strategic alliance of leading international media organisations that connects brands with highly engaged, influential audiences in the context of trusted and renowned journalism. Its members include The Atlantic, BBC Global News, Bloomberg Media Group, Business Insider, The Economist, The Financial Times, Forbes, Fortune, National Geographic, The New York Times Company, Politico Europe, Reuters, Smithsonian, TIME, The Wall Street Journal and The Washington Post, and partner: Permutive.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text]What does 2022 hold for media and marketing?
World Media Group members predict the trends that will shape the year ahead
By Belinda Barker, Chief Executive, the World Media Group

2021 has been a transition year and while many of us hoped there would be time to reflect, we moved instead into a period of frantic activity. As we enter 2022, will the enthusiasm that came out of the pandemic – to build back better, smarter and greener – hold true? We asked members of the World Media Group to get out their crystal balls and share their predictions on the political, commercial and technological trends that will shape 2022 and beyond.

Using the ‘reset’ to encourage sustainable behaviour
The commitments that came out of COP26 will ensure that climate change and sustainability remain high on the agenda in the coming year as we strive to keep the 1.5° C goal alive. According to the New York Times’s VP of Global Advertising, Tom Armstrong, it will continue to be an important area of coverage in 2022 and beyond, as both consumers and businesses turn to trusted journalism to help stay informed and make sense of the world around them.

While pledges are all well and good, Praveen Gopalan, Sustainability Manager for BBC Studios, believes there still needs to be more clarity around action to tackle climate change. He welcomes more structure, for example, around terms such as ‘Net Zero’ so it’s clear to everyone what they mean. Gopalan is also keen that people don’t automatically return to the pre-Covid ways of working, especially around travel: “It’s very important we use the ‘reset’ opportunity Covid has given us and continue some of the more environmentally friendly behaviours it resulted in,” he says.

Nurturing partnerships in the post-Covid workplace
For Johanna Mayer-Jones, SVP Partnerships at The Atlantic, moving to a hybrid working model was a big change. As a sales leader, her team’s days revolved around being out and about, building relationships with clients and networking, so having to do business through a screen could have been a barrier. In fact, it was quite the opposite. The Atlantic had to become very focused and intentional about where they were spending their time and who they were building relationships with. This made them consider their value proposition and how they could best serve their clients at that moment in time.

Just as editorial teams rose to the occasion producing informative public service journalism around the crises of 2020, the advertising team replicated that with partners. “We introduced a new partnership engagement team, which was very much about delivering extraordinary service outside of an activation or a campaign to our partners, allowing them to become deeper members of the Atlantic,” Mayer-Jones says. Nonetheless, she feels that on-screen relationships are no replacement for in-person connections, but as staff have embraced a more balanced work life, it’s no longer realistic to be in the office 9-5pm, Monday to Friday.

The challenge, however, is learning how to evolve the business and expand their reach in a new environment. “I think what we’ve learned is that time is our most important commodity and how we use it needs to have real value, personally and professionally. And I don’t think people are going to be wasting their time in the ways that we perhaps have done in the past.”

Data privacy and what it means for brands
Consumers are showing an increased desire to understand businesses’ data collection policies, what their personal data will be used for and who it will be shared with, according to the New York Times’s Armstrong. “Our audience places trust in our data privacy policy, which is privacy-forward and transparent. In 2020, we started work to remove all third-party data to target advertising and completed this transition in 2021.”

As privacy concerns increase, we’ll see a shift as advertisers move towards a privacy-first web and a publisher owned and sold ecosystem. According to Elizabeth Brennan, Head of Advertiser Strategy at the audience platform, Permutive, this is a golden opportunity for publishers and advertisers to work more closely together to own and control their data while planning and buying campaigns.

Brennan sees the value exchange between publishers, advertisers and users being rebalanced, so that publishers become the guardians of targetable data across the open web. They can do this without using an individual’s ID but instead, pass a cohort ID or description of the user for advertisers to buy against. Rather than following individuals across the web, advertisers can target audience groups with common attributes and behaviours, without relying on third-party cookies or individual IDs.[/vc_column_text][vc_video link=”https://youtu.be/s4qkqhb8Ru0″ el_width=”60″ el_aspect=”43″][vc_column_text]Jim Piercy, Group Creative Director, Wall Street Journal | Barrons Group, agrees first-party data and insights will play an increasingly important role in both how we shape branded content and in the media recommendations we make throughout the lifecycle of each custom programme. WSJ|BG have developed numerous AdTech solutions that help them to understand what, where and how their members are consuming content, along with contextual targeting capabilities and real-time optimisation tools. “As many brands seek to reach and engage distinct audiences, the intelligence and insights your community chooses to share with you, as well as how you interpret these, will be increasingly important,” Piercy says.

For the World Media Group, one of the recent bright spots has been seeing both brands and agencies refocusing on context and environment when it comes to media buying. Pre-pandemic, there was a focus on ‘never mind the quality, feel the width’; during the pandemic, the focus moved to short-term lead generation. Now, as we move out of the pandemic advertisers are shifting their focus back to brand, asking questions such as ‘how do you fill the top of the funnel?’ and ‘what is the customer journey?’

Technology and its human cost
Moving from AdTech to consumer tech, we asked members about the technological developments they were most looking forward to. Supantha Mukherjee, Reuters European Technology & Telecoms Correspondent, is excited about the promise of what 5G may bring: “5G is expected to create new opportunities and give rise to new unicorns. No one really knows how it will shape up, but it is inevitable, just as 4G brought in video streaming and ride-hailing services. It will be interesting to see what new technologies leverage 5G and surprise us.”

Mukherjee also worries about the human cost of technology, and how it may alienate and exclude those who don’t have access to the latest innovations: “As technology progresses, billions of people could be left out from reaping the benefits, widening the digital divide,” he says. “Technology could increase dependency on gadgets and the digital world, concentrate wealth among the few, dilute privacy and potentially replace jobs. Conflicts may also arise as powerful companies start defying national regulations.”

Audio continuing to skyrocket
With the rising popularity in podcasts and increased screen fatigue, audio content consumption has continued to skyrocket throughout the pandemic and has no plans of stopping in 2022. For members of the World Media Group, audio has become a priority, and we launched our own podcast, The Media Navigators, last year.

Demand for the Wall Street Journal | Barrons Group’s editorial podcasts has increased, as have the requests for custom audio solutions among B2B marketers. Piercy believes it’s because podcasts are “an active format that allow brands to explore topics in ways written articles and pre-recorded videos do not. It centres the client in the thought leadership role.” Add in the access to top talent, relative ease of virtual production, cost efficiency as well as the fact they offer audiences the opportunity to connect away from the screen, it’s no surprise podcasts are growing in popularity. “I think we’ll be seeing (and hearing) a lot more from custom podcasts in the next year as audio becomes an increasingly accessible option for brands to engage influential audiences during their daily news routine,” Piercy says.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_video link=”https://youtu.be/ZETWkOZ35ow” el_width=”60″ el_aspect=”43″][vc_column_text]The New York Times’s Armstrong agrees: “At a time when people are looking for a single, trusted source for their news across platforms, we are working to meet their needs in every form and audio is a key part of that mission. The Times acquired Audm and Serial Productions in 2020, and we’ve developed robust and wide-ranging audio programming – cultural criticism, newsmaker interviews, provocative debate – that reaches 20MM listeners each month.”

Trusted media essential in uncertain times
As businesses and companies begin forecasting and setting priorities for the year ahead, global leaders and decision makers continue to turn to trusted media for the latest insights on the global economy. This was apparent throughout the pandemic when the World Media Group’s member brands surpassed 1.5 billion monthly users, demonstrating that readers and viewers trust and engage with quality respected journalism in a way that they don’t with any other medium. The World Media Group’s role is to make sense of the changing world around us, delivering a trusted source of essential impartial information in 2022 and beyond.

About the World Media Group
The World Media Group is a strategic alliance of leading international media organisations that connects brands with highly engaged, influential audiences in the context of trusted and renowned journalism. Its members include The Atlantic, BBC Global News, Bloomberg Media Group, Business Insider, The Economist, The Financial Times, Forbes, Fortune, National Geographic, Politico Europe, Reuters, The New York Times Company, TIME, The Wall Street Journal and The Washington Post, and associate member: The Smithsonian and partner: Permutive.  To find out more about the World Media Group, please visit www.world-media-group.com.

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