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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Working With the 'Frenemy': Publishers Both Optimistic and Cautious With Social Platforms - MediaShift

Working With the 'Frenemy': Publishers Both Optimistic and Cautious With Social Platforms - MediaShift | Public Relations & Social Marketing Insight | Scoop.it

Newsrooms are posting more of their content directly to social media platforms, but with little idea of what the rewards will be.
That insight comes from data presented by researchers at the Tow Center for Digital Journalism at Columbia University last week at a half-day event, “Digital News in a Distributed Environment.”

 

Researchers surveyed more than 40 journalists and news media executives, from both national and local brands, as well as eight executives from Facebook, Twitter, Instagram, Google and Snapchat. They also held a roundtable attended by fifteen social media and audience editors.

 

They found that a publisher’s business model is what determines its social media strategy – and no one solution works, said Claire Wardle, the research director at the Tow Center. While some publishers are optimistic about the new opportunities that social media provides, others feel powerless. And relationships between publishers and platforms are not always amicable, with one respondent referring to a platform as a “frenemy.”...

Jeff Domansky's insight:

traditional news media are still trying to figure note the benefits of social media.

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What It's Like Competing With VC-Fueled Media Startups

What It's Like Competing With VC-Fueled Media Startups | Public Relations & Social Marketing Insight | Scoop.it

It's an eye-opening report that looks beyond the hype surrounding these companies. Some of them are profitable (or at least claim to be), some aren't, but all of them have raised serious cash from starry-eyed investors (e.g., $96.3 million for BuzzFeed, $110 million for Vox).


The business press tends to regard such hefty sums as implicit evidence of success and/or promise -- why would venture capitalists risk so much scratch if there was no there there? -- but Michael reminds us that all of these companies rely, somewhat harrowingly, on advertising for revenue....

Jeff Domansky's insight:

New-media startups face the same business goal (eyeballs!) as legacy publishers. so why, asks Simon Dumenco, are venture capitalists so smitten with digital?

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