Insights for Leaders Navigating
Visibility, Credibility, and Growth.

From media strategy to reputation management, we explore the trends shaping public perception and share the approaches that drive measurable results for growing brands.

Magazines Continue to Shift Its Focus Toward the Internet

A recent article in PRWeek reports that several of the industry’s top publishing houses have recently reduced their budgets and workforce. One prominent company that is scaling down is Rodale, publisher of Men’s Health, Prevention, and Runner’s World, Time Inc. owner of Time, Sports Illustrated, and Fortune and Condé Nast whose titles include Vogue and Men’s Vogue.

For decades, the magazine industry has struggled to maintain and increase advertising revenue to support circulation costs. But much like the tech bubble that popped in the Silicon Valley in the early 2000s and forced companies to lay off workers or go out of business altogether, the recent economic crunch is pushing magazines to cut budgets and staff. This in turn is forcing these publications to move their content online and find other creative ways to remain a ëmust-read’ for audiences.

As budgets and staffs shrink, so do the opportunities to garner coverage. Several publications are relying on wire services and material contributed by contract writers and vendors to help round out the content. This growing trend highlights the importance of strategic media relations.

PR professionals and organizations need to tailor their strategies and tactics to fit in with the current media landscape. In order to build relationships with reporters and ensure coverage, consider the following:

Do your homework – This seems like a no-brainer but remains true even in today’s media climate. With limited staff, reporters are often juggling several unrelated beats. Make sure you are pitching information that is relevant to the reporter.

Make the reporter’s job as easy as possible – Package up all of the story elements such as the pitch, key data points, links to additional background such as industry or analyst reports, surveys, etc. so a reporter can easily digest it. Taking this approach is almost always appreciated by journalists who are crunched for time and don’t have bandwidth to do background research.

Consider alternative mediums – As noted above, most publications are moving to an online format that includes features such as webcasts, podcasts and blogs, which offer other opportunities to secure coverage and interact with reporters.

When the Going Gets Tough, the Tough Get Blogging

When facing difficult news such as layoffs, many companies used to draft meticulously scripted press releases – if they shared the news at all. But this strategy is fast becoming a recipe for disaster as employees turn to their blogs to voice frustrations and announce corporate layoffs.

In a recent New York Times article, Claire Cain Miller describes how corporate downsizing for one prominent news company went from bad to worse when a disgruntled employee took to his blog and shared the details of cutbacks at many local papers. This did little to inspire public support for the company and angered many of the blog’s readers.

Miller goes on to share a quote from Rusty Rueff, a former human resources executive at Electronic Arts and PepsiCo. “Today, whatever you say inside a company will end up on a blog,” he says. According to Rueff, you can either be proactive, “or you can let someone else write the story for you.”

So how can you retain ownership of your company’s messages? The answer is simple: blog. An increasing number of companies have implemented blogs where they announce corporate news – be it good or bad. But corporate transparency is a new concept for many executives, and it shouldn’t be taken lightly. Here are a few tips we have found helpful for our clients as they begin blogging:

Be Honest. This may seem like a no-brainer, but it can be tempting – and dangerous – to blur the lines. When commenting on any blog, be sure to identify yourself clearly. A Microsoft executive posting negative comments on a Mac blog under the guise of a teenage Apple enthusiast could face big problems down the road. It’s far better to be honest from the start than mired in a scandal that could easily have been avoided.

Be Proactive. When facing difficult news, don’t wait until employees have had several days – or even hours – to announce it for you. Instead, you can prepare a blog entry ahead of time to be posted immediately after speaking with employees. Just make sure not to share the news of a layoff before an employee has received the pink slip.

Get Everyone Onboard. As with any important decision within your company, you will need to obtain buy-in from your management and legal departments. Demonstrating the importance of transparency and embracing social media by pointing to the pitfalls of ignoring these trends can go a long way towards building support. Gather proof points about why blogging is cost-effective, beneficial and necessary for your company.

Define Key Messages. From blogs to press releases, it is important to communicate a set of key messages about your company and be consistent. Review your messaging before posting a blog entry to make sure you have included all the important points.

When done right, blogging can be a great way to improve the public image of your company. For more examples of companies who have successfully implemented blogs, see the hyperlinked list below. Happy blogging!

Dell
Nokia
The Mayo Clinic
United States Coast Guard
Wal-Mart
Wells Fargo

Experimental Advertising Techniques and the Economy

With the financial crisis looming ever larger, it is no surprise that some businesses such as AT&T and General Motors are slashing marketing budgets in an effort to stay afloat in this volatile economic environment.According to recent articles, advertising agencies will be among the first shops to feel the impact of the economy as companies cut advertising budgets and fewer new business opportunities arise. Further data from Epsilon Data Management LLC supports this trend with reports that suggest approximately 65 percent of chief marketing officers say they will decrease advertising spending because of the current economic situation.

Emily Steel with the Wall Street Journal provides an interesting perspective on the current economy and its effect on the digital media industry. She notes in a recent article, entitled “Marketers Cut Back on Digital Media,” that as businesses cut their advertising budgets the money that was set aside to experiment with new digital media technologies will no longer be available to pursue these innovative ideas. She goes on to say that these “experimental advertising techniques, which were hailed as the next big thing, will be among the first to hit the cutting-room floor.”

As consumers cut down on discretionary spending, it’s critical to continue building brand awareness and to increase consumer demand for products and services. Here are a few reasons why engaging consumers – even during a budget crunch – is important for companies:

  • Maintaining a strong and positive image drives consumer’s perception of a business
  • Engaging with consumers allows them to develop a more personal connection with the company’s products or services
  • A downturn in economic conditions allows proactive companies to stand out and take market share from businesses that don’t creatively and proactively engage with consumers

So how can companies continue to engage customers despite tight marketing budgets? Creative advertising, marketing and PR campaigns can definitely help bolster an organization’s image and increase appeal with the broader public. Emerging media such as social networking will be a key component to help meet these business objectives and is an affordable option for companies to invest in to engage with and generate a significant audience.

Some other cost-effective ideas that enable companies to strategically promote a positive company image through media relations include:

  • Desk-side briefings
  • Speaking opportunities
  • Blogging and engaging with social communities
  • Proactively generating editorial opportunities
  • Issuing relevant press releases

The bottom line is, if you want to stay connected to your customers during tough economic times you need to get creative and execute proactive campaigns that truly engage your customers and keep you top of mind.

Leveraging Newsworthy Trends for Feature Stories

These days, the national media seems to be focused on two stories: the upcoming presidential election and the economic crisis. In the past few months, the media has churned out thousands of stories with hundreds of different angles on each of these topics – everything from how the economy will impact the holidays to how the crisis is affecting pets. It begs the question: How can companies leverage noteworthy events and trends?

There is genuine value in leveraging national news events and trends to spark a feature story for your company. We regularly counsel our clients on how to proactively reach out to editors in order to align their companies or organizations with relevant trends. We’ve found that this type of activity can help keep a company top of mind with editors and reinforce the company as a thought leader and innovator.

One of the most effective ways to insert a company into a feature story is through buddy e-mails. These e-mails often include a suggested topic for a story and offer a company’s perspective on trends impacting the industry. In addition, you may consider offering a customer perspective on a particular topic which can go a long way in helping an editor pull together the components for a compelling story.

An example of a buddy e-mail could include:

Dear XYZ,

The current economy crisis is top of mind with everyone these days, from small business owners to large corporations. If you’re planning upcoming coverage on how the economic crisis is impacting XX initiatives and the XX industry, we’d like to offer XX’s perspective on the current situation and how its technology and customers are not only surviving, but thriving.

Please let me know either way as we would be happy to be a resource for you. Thank you in advance for your consideration. I look forward to hearing back from you.

Best regards,
XX

Proactively reaching out to editors with buddy e-mails and other story ideas can result in big results. So the next time you’re reading the newspaper, take a moment to think how current events could potentially create new opportunities for your company.