EXTRA! Buffett Buys Newspapers: Maybe Newspapers Aren’t Quite That Dead

Berkshire Hathaway, perhaps best know as Warren Buffett’s company announced a deal on Thursday to purchase 63 newspapers from Media General.  Berkshire will be purchasing more of MEG’s daily and weekly newspapers for $142 million in cash.  Buffet’s statements on May 5 seemed to be heading him away from the newspaper business, which he described as an industry that was “declining” and one with “Problems”.  He then went on to say that generally it was best to stay away from declining businesses and that that’s not where they make real mon

ey at Berkshire.

But Buffet obviously still thinks there’s value in newspapers.  I think the secret here is that the focus is mainly on local and regional papers, where people still find a good deal of their information.  That’s where traditional journalism can grow and thrive.  It’s almost like a return to the early days of newspapers where all news really was local.  The internet and the cable new stations pretty much have a lock on national stories.  That’s a hard place for newspapers to compete now at days, but local stories and information can still keep newspaper journalists buzzing.  The local newspapers will have to be creative to remain competitive, but the death of the newspaper might have been greatly exaggerated.

Copyright © Anthony Mora 2012

 

 

How PR Drove Facebook’s IPO

Sometimes an amazingly effective PR campaign can be a dangerous thing.  Take Facebook for example.  The company raised the price range for its IPO to $34 to $38 a share, from $28 to $35 a share.  That illustrates how the media frenzy has hungry investors biting at the bit for this offering.  It also shows how perception can create what could be a false reality perhaps blinding investors to the reality of the situation.  Facebook’s initial price range put its valuation at $77 billion to $96 billion, but now that shifts to $93 billion to $104 billion under this revised price range.  That, my friend, is a lot of money.

Facebook has yet to prove that its $3.7 billion in revenue and $1 billion in profits last year can justify such astronomical evaluation. . Last month, Facebook disclosed that its first-quarter profit and revenue shrunk from the fourth quarter of 2011.  The company claimed that it was do to seasonal trends in advertising.

Facebook going public can be dangerous.  The pressure of being a public company can make companies lose sight of what made them so successful to start.   When it comes to Facebook, the pressure will be particularly great. Its earnings are quite a ways below its projections.  It’s hard to see how it will find a way to grow at the lightning speed investors will not only expect, but demand. 

Another red flag is that Facebook has real exposure to Europe. Apparently over twenty five percent of its users are fromEurope, giving Facebook definite financial exposure on that front. With the state of the European economy, and Facebook’s reliance on European advertising, that could be dangerous.

According to the media, most savvy investors seem to be shying away from Facebook’s IPO.  There are probably some credible reasons for that.  This is not to say that Facbook is not an amazing success story.  Its success and growth have been astronomical; still that doesn’t necessarily justify such aggressive valuations.  And that’s where the media and PR frenzy comes into play.  From newspaper and magazine articles to radio and TV segments Facebook’s IPO has been a front page story for weeks. And then of course, there is Facebook itself.  The social media outlet is its own non stop marketing machine.  The buzz creates more interest and investors start beating the investment drums.  It looks like a difficult road for Facbook to live up to those projections; time will tell whether the drum beating will lead to success or investor disappointment.


Copyright © Anthony Mora 2012

Flauraud, Valentin. “he loading screen of the Facebook application on a mobile phone is seen in this photo illustration taken in Lavigny.” Photo. Chicago Tribune. 16 May 2012. 16 May 2012. <http://www.chicagotribune.com/classified/automotive/sns-rt-us-facebook-retailbre84f0x2-20120516,0,4596444.story>

Breast Feeding & the First Gay President: How Time & Newsweek Are Riding the Social Media Train

The news magazines controversy wars are going at full steam.  Time got out of the gate first with its May 21 cover, featuring a rather defiant and somewhat uncomfortable looking Jamie Lynne Grumet breastfeeding her three-year-old son, Aram.  In the photo, Aram is standing on a chair and feeding on her exposed left breast.  Not your everyday magazine cover.  But it wasn’t meant to be.  The image had more impact than the article, which accompanied the photo; which is exactly what Time intended.  The web erupted with praise and criticism; and the social media stir accomplished the decision, makers at Time, were hoping for. Celebrities jumped in; Alyssa Milano and model Joanna Krupa began to Tweet about it and the social media frenzy was off to the races.   It drove more readers to the site, where they had to pay to read the full articles.  The traditional media had a heyday with the cover which, in turn, caused an even bigger sensation on the various social media fronts

An article in the Los Angeles Times explained that Time’s editors ran the controversial photo and article to mark the 20th anniversary of Dr. Bill Sears’ book on the topic.  According to the article, the book helped “power the movement for moms to establish deeper, and more prolonged, physical bonds with their children.”  That is all true, but the purpose of the cover photo was to cause a sensation and drive sales

Not to be outdone Newsweek’s cover May 14th cover declares Obama “the first gay president,” with a story by writ

er Andrew Sullivan.  With Tina Brown at the helm, Newsweek has recently a number of controversial covers, but here the envelope is being pushed with a vengeance.   The cover, which shows President Obama with a rainbow halo above his head, comes days after Obama’s statement that he is personally in favor of gay marriage.

The article draws parallels between the isolation felt by many in the homosexual community and Obama’s struggle to fully discover and assert his racial identity.  But again, the image and the tag were less about the article and more about the marketing.

As with the Time breastfeeding cover, it is the Newsweek cover photo and tagline that will be remembered and that will cause a stir.  Here, the major news magazines, which have taken tremendous blows during the past few years, primarily because of the internet, are now utilizing the power of social media to sell magazines.

It’s an interesting irony and in a way marks a bit of a 180 turn.  The traditional media using the tremendous power of social media to market it wares.  This is indicative of how public relations, social media and the traditional media have in a sense all melded into one.  You can no longer separate one from the other and, if as a marketer you fail to see that – you lose.

Copyright © Anthony Mora 2012

Martinson, Jane. “Are you mom enough?’ … Time magazine Photograph: AP”. Photo. The Guardian. 14 May 2012. 14 May 2012. < http://www.guardian.co.uk/lifeandstyle/the-womens-blog-with-jane-martinson/2012/may/14/breast-best-row-time-magazine?newsfeed=true>
Harrigan, Matt. “Newsweek cover calls Barack Obama ‘the first gay president’.” Photo. Syracuse.com. 14 May 2012. 14 May 2012. <http://www.syracuse.com/have-you-heard/index.ssf/2012/05/newsweek_cover_calls_barack_ob.html>

Is Traditional PR Still Relevant?

According to a study done by PR newswire “ In both the US and Canada, pitches through a social network resulted in coverage approximately 70% of the time. In contrast, the standard pitch to a US or Canadian journalist rarely leads to coverage, with 66% pegging the success rate at 0-20%.”

Needless to say social media has forever changed the way PR works.  Whereas the traditional media still offers the best validation and credibility, that sort of seal of approval and trust factor is becoming its primary function.  Sure, if you land a segment on the Today Show or an article in USA Today, you are still going to get a huge boost, but overall the landscape has changed dramatically.  It used to be you could launch a very effective traditional PR campaign without landing any of the major media coverage.  Trade, local and regional media could and did carry a campaign.  But just as the music world has been turned on its head, so has the world of traditional media.  There are fewer outlets and there is a smaller audience.

So, does this mean that traditional PR is dead.  No not by a long shot, but the game board has changed dramatically.  Traditional PR is still vitally important, but to be truly effective it needs to be augmented by different forms of outreach.  This is no longer the time to only reach out to writers, editors and producers. 

Social media has become as important as traditional media, but each has a different function and must be addressed in a different manner.  Neither one on its own is as powerful as the combination of the two.  Social media offers a conversational style of communication with a connection to your audience.  This generally requires greater transparency.  It is a different type of communication and can lead to stronger and deeper personal relationships.

Conversational style—PR people used to interact primarily with industry journalists. “Pitching” and “spinning” were terms often used (not always with a positive connotation) to describe much of that interaction. Those days are fading, which is welcome news to many PR practitioners as well as their audiences. Greater availability of information requires greater transparency, but also leads to richer conversations.

Copyright © Anthony Mora 2012

Cwinters. “Media Free Agency.” Photo. Return on Reputation. 25 Oct 2010. 11 May 2012. <http://www.returnonreputation.com/2010/10/25/media-free-agency/>

 

Ann Convery’s Total Money Makeover Mastermind is Today, Wednesday, at 2:00pm PDT—-There is one Seat Left! Train’s leaving the Station! Don’t let the train leave without you!

There’s 1 seat left.

 

And when it’s gone, it’s gone.

 

So your choice is simple visit:  www.totalmoneymastermind.com

 

If…

 

  • it’s finally time to put your sales problems in the past

 

  • it’s finally time to develop the confidence to sell in any situation

 

  • you’re ready to receive the secrets to sales from 2 mentors who are responsible for literally millions of dollars in sales over the past 5 years

then, this Total Money Makeover Mastermind train is for you.  Jump aboard

And get ready to accelerate your sales and master your financial future.

How To Decide Which Marketing Approach Is Best For You

Marketing can be tricky. How, where, when and to whom you market all depends on the specific needs of your business.  The media mix that works for a physician will probably differ from the approach that will work for a coffee house.  But then again, maybe not, maybe the same marketing mix will perfectly fit both and it’s only the approach and implementation that needs to shift.

Before you decide on and implement marketing, advertising, public relations or a social media campaign, do some soul searching and figure out what marketing approach is going to most effectively serve you and your company.  Each company’s needs are different, which is why your approach needs to be individualized and tailored to your specific business.

When I launched my company I focused primarily in traditional public relations, that approach is still the most effective way to do if you want to reach your target market and gain the legalization and credibility that being featured in the media affords you.  Appearing on a TV show or in a magazine or newspaper can separate you from the competition, establish you as a news story and present you as an expert in your field.

That is one approach, but there are several others that sometimes work on their own and other times work in conjunction with a PR campaign.  A short marketing list would include:

  • Traditional advertising (including print ads and commercials)
  • Online advertising (including ads, banners, pop ups, etc.)
  • Direct marketing (including flyers, mailers, etc.).
  • Traditional public relations (including print, TV and radio)
  • Social media (including Facebook, Twitter, YouTube, GooglePlus, etc).
  • Email marketing
  • Seminars
  • Workshops
  • Speaking Engagements
  • Cold Calling
  • Article Marketing
  • Digital Media Apps
  • Mobile Advertising

That covers a pretty good marketing spectrum.  Chances are if you are doing some type of marketing outreach (which you definitely need to be) you’re utilizing one of the approaches listed above.   But again the question remains, how do you know when to use which type of marketing approach?  It took me a while to learn that this generally needed to be my first step when working with clients.   First we needed to define the objectives.  What did the client want to achieve with his or her marketing campaign?   Once we have that defined, we then decide on which approach or which combination of approaches are best suited to meet those objectives.  We developed a questionnaire to help clients define their needs, objectives and target markets, once we have that information, we then use that as a guide to help develop their most effective marketing plan and approach.  It could be one approach or a combination.  Or it could be an orchestrated sequential shifting from one approach to another.  It all depends.  Each business has its own specific needs.  Before you jump into a marketing direction take some time to define your objectives, your needs and your most effective marketing approach.  In the long run, you’ll be glad you did.

Copyright © Anthony Mora 2012

Petronzio, Matt. “47 Digital Media Resources You May Have Missed.” Photo. Mashable. 05 May 2012. 07 May 2012. <http://mashable.com/2012/05/05/digital-media-resources-39/>

Cold Calling in Reverse: A Unique Approach to Signing Clients & Selling Products

You know what it’s like, you have your list (which you’ve either put together on your own- spending a lot of your time, or you’ve purchased one, spending a lot of your money) and you’ve practiced your pitch.  Now it’s time to pick up the phone and start making the calls.  Off you go trolling for clients, hoping to turn a cold call into a warm prospect into a paying client or customer.  It’s not easy.  It’s actually one of the toughest parts of business.  Keeping the pipeline filled with warm prospects is never an easy task, and cold calling is only one approach.  What if there was a way to get prospective clients to call or email you?  A dream?  Nope, it’s possible.

Media relations is a unique form of marketing. Unlike advertising or direct marketing, with public relations you can’t pick and choose specific outlets and dates that your story or segment will run – that is the challenge of PR. Yet, on the other hand, when a news story does run on you or your business, you are positioned in a unique and powerful way. A feature in a magazine or newspaper or a segment on TV or radio positions you as an expert and positions your company or product as a news story. That type of coverage offers you validation and credibility that no amount of advertising can buy. With PR you reach your target market and build your brand via the media.

Now combine traditional public relations with a social media approach. The lines between traditional PR and social media are blurring.  Land a story in a traditional magazine or newspaper and chances are that media outlet will have an online presence.  With that one move you’re suddenly edging closer to the social media world.  All you need to do is tweet the link or post it on Facebook and there you go, a traditional media campaign has now melded with a social media campaign. On the other hand, an interesting social media campaign can grab the attention of a magazine, newspaper or TV show and a social media phenomenon can become a mainstream news story.  It’s a two way highway and one that if worked well, can be an amazingly effective approach.

Marketing-wise, social media is opening new worlds of possibilities.  By combining your social media strategy with a traditional PR campaign you can create a powerful two-pronged approach which results in more followers, more buzz, more customers and more business. Also social media is a great example of how people can create conversion through conversation. It is also an avenue that can be used to transform public relations into personal relationships in order to build and grow a brand and a business.

The best part of this blended approach to marketing is that instead of you making cold calls to interest prospects, suddenly the phone rings and emails show up from prospects wanting to talk to you.  That’s always a nice conversation.

Copyright © Anthony Mora 2012

Alice Cooper, Pat Benatar PR- & You

I began in the media world as a freelance writer.  My focus was on music, primarily rock.  I learned how the PR and marketing machines worked, but also learned how working with their teams, rock acts formed their own brands and created their own legends.  For example, two of the rock stars I interviewed, Alice Cooper and Pat Benatar and Kate took very different paths and approaches, but both created an image and a brand that defined them, and made them quite a bit of money.

Alice (Vincent Damon Furnier) had perhaps the most fun of any rock star with his mage, paving the way for KISS and a plethora of shock rock bands.  The band was the house band at the Whiskey on the Sunset Strip and became the band to walk out on (something I had to admit to Alice that I had done myself).  As the image and act grew, he added guillotines, electric chairs, fake blood, boa constrictors, and baby dolls to his act, drawing on a number of  influences from horror films, and vaudeville acts, to the more theatrical Broadway musicals.  He pioneered an over-the-top, theatrical and uber violent brand of heavy metal created to shock and rock.  In person, Alice is a fun, funny amiable guy, who talks about his alter ego with a wink and a smile.

Not as over the top as Alice, Benatar created her own alter ego.  Initially Benatar’s focus was on classical and Broadway theatrical styles. Rock did not seem to be in the cards.  Inspired by Liza Millelli she quit her job as a bank teller and decided to give a singing career a stab.  Yet, Out of that Pat Benatar the rock sex goddess was born, which lead to two multi platinum albums and decades of success.  Again this was a case of creating a brand, an image and turning that brand into a career and an amazingly successful business.

You might think you have nothing in common with Alice Copper or Pat Benatar, but (surprise) you’re wrong.  Chances are you’re not launching a new rock act (then again maybe you are), but the basic gameplan of creating a brand and an image is the same whether you’re an entertainer, an entrepreneur, a physician, an attorney, a jeweler, or the owner of a new social media site.  You want to establish your brand.  You want to create that message, story and image that is specifically you and that separates you from the competition.  Your brand and story can be loud and carnival like or extremely subtle and sophisticated.  It depends on you and your company.   You’re image probably won’t have much to do with spandex, guillotines, or over the top make up.  Then again, if it does – use it!

Copyright © Anthony Mora 2012

 Ochs, Michael. “Alice Cooper.” Photo. Rolling Stone. 02 May 2012. <http://www.rollingstone.com/music/artists/alice-cooper>

The following is a guest blog by Ann Convery. Ann is offering an amazing free telecall tomorrow:

Don’t Talk About The Features Of Your Service — They Scare Away Your Prospects

By Ann Convery

So this is the deal…. let me tell you about Joanne. She’s one of the smartest people I know when it comes to grabbing people’s attention. She was a business strategist and a good copywriter, and she knew her stuff backwards and forwards. If she got into a private discussion with you she’d solve your problems like that. But when she got in front of a prospect, and there was a whiff of a sale in the air, (little laugh) she started babbling, and it was driving her nuts. She was watching people walk away. And she was at the point of abandoning her business, in fact her husband was pushing her to let it go, and find a job. And here=s how we turned it around for Joanne and this is the same thing that will turn it around for you.

Because Joanne was a great coach, she was a great teacher. And I know a lot of you are good teachers. And teachers tend to stay teach way before they should – like, talk about how great the features of their service or programs are to people they’ve just met.

And Joanne was scared of being salesy, so she retreated into her comfort zone, teaching. She’d say, I’m not only an MBA, I’m a certified NLP practitioner, so when I coach with people I’m able to get into what’s blocking them immediately, and remove the blocks so they go much faster. In fact we do that on the first session. And because I do laser-coaching on unconscious blocks, , my clients get a global vision of their business in the first session, blah blah blah blah blah blah… these are features.

Here Joanne was telling everyone she met how much she could give them, and there is nothing that turns off a prospect faster than features. And the biggest mistake people make is that they use adjectives to make their features sound really cool. Too many adjectives — can actually kill a sale. Joanne ended up several times in tears in the ladies’ room at networking events.

And she realized that all her emails were stuffed with features, which is why she had such a poor open rate. So we actually put a sign on her desk and in her purse that said “No Features.” The only thing she talked about was results. She said, “Clients come to me when their backs are against the wall. Like Tom. By the time he called me, they’d turned off his light bill and he hadn’t had a client in three months. 60 days later, he had 4 new clients, 6 good prospects, and his monthly income had gone from 0 to 16,000.”

She realized what most of us just don’t realize about features—and it sounds stupid, but they’re an addiction, and they’re dangerous. They’re so comfortable, especially for teachers. And they’re like a huge brick wall between you and the clients who really want to work with you. Why are they so dangerous? They’re dangerous because block feeling. 

When you talk about features, you’re asking your clients to think. And they do. But they don’t feel. And if your audience doesn’t feel, nothing happens. No sale happens, no signing happens. Nothing moves. And that’s why it’s so mysterious, that’s why it’s so painful, and that’s why you can’t put your finger on it. People keep asking you – “What do you do?” How do you do that?

And so you tell them. And it’s like handing chocolate to a chocoholic; the addiction kicks in.

“Ooooh, this feels so good, I’m talking about my best features. I’m talking about those degrees I worked so hard to get.” And they disappear. Your audience disappears. Features are such an innocent, tragic mistake that can keep you from thousands of dollars that are just outside your door, they’re waiting. And you’re turning them off.

And it doesn’t have to be that way. You don’t have to suffer and neither does your income. Just take the features out of your conversation, and out of most of your copy. And talk about your results instead.

Copyright © Ann Convery 2012

 
 

How PR Can Further Your Career in the Arts

If you’re an artist, whether a singer, author, actor, painter, sculptor, or director your goal is to share your vision and build a bridge between the public and your art.  But there is more that PR can do for you than simply build your customer, client or fan base.  For example we’ve worked clients where the media coverage not only helped build their brand; it connected them with influencers in their field resulting in:

  • Writers who were offered publishing contracts.
  • Singers who were offered record deals.
  • Film directors who were offered distribution deals.
  • Fine artists who were offered gallery representation.
  • Artists who were offered assignments.
  • Actors who were offered parts on film or TV.

The magical part about media relations is that once you start landing media coverage, you never know who is going to read your article, listen to the radio interview or watch you on the TV segment.  Yes you’ll reach your target market, but you’ll also come to the attention of decision makers in your field.  People who normally wouldn’t answer an unsolicited call, could suddenly be the ones picking up the phone to call you.

When you are ready to launch a campaign, whether is be traditional public relations or a melding of media relations and social media, you want to decide what your ultimate objectives are.  What are your primary goals, your endgame?  For a public relations campaign to be truly effective, the media exposure needs to lead you somewhere. Which means before you launch you want to come up with a game plan; in essence you want a PR and business roadmap that will keep you on track towards your goals and objectives.  So define your objectives, but also give some time to reviewing how you want to position yourself.  How do you want the decision makers in your particular field to view you?

Remember you’re building an image through the stories you are telling.  What do you want that image to be?  How do you want to be perceived?  Do you want to be seen as an edgy artist or one who speaks more to the masses?  What type of attitude do you want to emote?  What images and photos will be the most appropriate?   How will the stories and media pitches you send out help create this image, this story of you?

How you’re going to present yourself is as important as where you’re going to present yourself.  Give thought to both.  Once you’ve defined your objectives and goals, you can create a PR plan and approach tailor made to help you achieve those goals.  But always keep in mind the media doesn’t only reach your clients or fans; it reaches the decision makers in your industry.

Copyright © Anthony Mora 2012

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