Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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Twitter and Traditional Media: Rivals or Lovers?

Twitter and Traditional Media: Rivals or Lovers? | Public Relations & Social Marketing Insight | Scoop.it

Not long ago, the media looked at the web as if it was an awkward, unwanted stepchild. Today, the reverse is arguably true, with debate growing over whether social networks such as Twitter will overtake beacons of journalism like The New York Times.

 

At last month's Milken Institute Global Conference, PayPal co-founder Peter Thiel said he thinks Twitter will outlast The Times. His reasoning: Its business strategy is more solid than that of the storied newspaper. The debate got journalists talking on forums such as Muck Rack, with many people disagreeing. Some said it isn't a mutually exclusive relationship, or that one's success is predicated on the other's failure....

Jeff Domansky's insight:

I don't agree with PayPal founder Peter Thiel that Twitter will outlast the New York Times. But, the NYT no longer resembles itself from just five years ago and in another five years may look a lot more like it's digital siblings. The forests will be thankful.

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The newsonomics of the body shop | Nieman Lab

The newsonomics of the body shop | Nieman Lab | Public Relations & Social Marketing Insight | Scoop.it

The arrival of the web knocked the news industry's relationships — with advertisers and with readers — out of alignment. But there are signs a few small repairs are working....

 

Misalignment grew, with readers and advertisers, as both themselves went increasingly digital. Think about it. In the old print world, advertisers paid up but really got a huge — and effective — audience, which moved goods and services. In this new digital world, they could buy online display that has never approached the results of print. Clickthrough rates tumbled toward the miniscule, tangible evidence of the growing disconnection. Shoppers found little usefulness in the advertising. Online advertising may have brought in a few billions, but publishers came nowhere close to creating the kind of local marketplace the newspaper had created.

 

Cultural misalignment. Reader misalignment. Merchant misalignment. Shopper misalignment....

Jeff Domansky's insight:

Ken Doctor shares several innovations and realignments underway in the newspaper business including:

-  all access circulation

-  memberships

-  marketing services

-  consumer e-commerce

-  more local reporting

-  actionable customer knowledge

 

All part of the new "customer decision journey."

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