The Cycle

Media questions lack of White House press conferences

Jaimy Lee February 09, 2010

Several news reports have been looking at President Barack Obama's relationship with the media, including the lack of press conferences in the last six months.

One NBC reporter told The Washington Post that it seems like the Obama Administration is trying to control the messages it puts out although it has reached out directly to the public via YouTube and members of the Senate and the House.

The Los Angeles Times writes: "The decision to shift media attention away from the traditional powers in the White House press corps to a new generation is not sitting well with reporters who cram the White House briefing every day to ferret out news."

Earlier this month, White House communications director Dan Pfeiffer talked about some of the challenges in communicating in today's media cycle and the role the White House has to play in content creation.

 

IPOs struggle in tough market

Erica Morris February 08, 2010

IPOs have been particularly hit by the volatile market, with some investors shunning highly estimated new stocks, according to an interesting story on the Financial Times' Web site. The past week has reportedly seen several IPOs scaled back or priced lower than expected, including Ironwood Pharmaceuticals, which debuted its new stock offering at $11.25 per share last week, below its original estimation of $15-$17.

Some companies are shelving or postponing their IPO plans altogether, including Florida-based Web operator FriendFinder.com and Los Angeles-based Imperial Capital.

From FT:

David Wilkinson at Ernst & Young said the recent market falls meant companies could not expect to achieve aggressive valuations and “conditions could become more difficult for IPOs”....Tom Troubridge, head of capital markets at PwC said: “It is a buyers' market and investors can afford to be picky.  

 

Former Merrill Lynch CEO John Thain named CIT head

Erica Morris February 08, 2010

Former Merrill Lynch CEO John Thain has been named chairman and CEO of CIT Group, effective immediately. CIT, the small business lender which recently emerged from bankruptcy protection, is reportedly counting on Thain to position the company as a commercial lender.

From CNNMoney.com:

He left Bank of America in January of last year amid outrage over the deal and bonus controversy as well as reports of lavish spending, including reports that he had spent $1.22 million in early 2008 to redecorate his office at Merrill. CIT said Thain was the right leader to head the company as it transitions into becoming a "more streamlined commercial lender."

Thain helped broker a deal leading to Bank of America's purchase of Merrill Lynch in 2008, but was pushed out of his position in January 2009.

 

Bing to become more prominent in Microsoft-Facebook deal

Erica Morris February 08, 2010

Microsoft has reconfigured its relationship with Facebook, announcing it will no longer sell display ads on the social networking site, handing that responsibility back to Facebook. The company will however expand its search ad deal with the site, with Microsoft's Bing acting as the default search engine for all of Facebook. Currently, Bing acts as the default search engine in the US only.

The Bing brand will also reportedly receive more prominent positioning on the social site, which may help the search engine claim the attention of some of Facebook's users.

From PaidContent:

Microsoft says that it will “soon provide Facebook users with a more complete search experience by providing full access to great Bing features beyond a set of links.” In its current incarnation, it's very hard to tell that web search results on Facebook are coming from Bing; results appear as a drab list of links—and the line “powered By Bing” appears to be in size 6 font. Any changes that would actually play up “Bing features” could potentially have a notable impact on Bing adoption, considering that Facebook now claims 400 million monthly users.

 

Social Media Week: Social media marketing and millennials

Kimberly Maul February 05, 2010

I went back to college Friday morning at a social media week event with seven students who have an interest in media and online engagement. It was moderated by Doug Akin, chief engagement officer of interactive marketing agency Mr. Youth. Serving as a bit of a focus group, Akin asked the students, from New York University and the University of New Hampshire, about their preferences online, how they engage with companies, and what brands can do to attract fans and followers.

"It really doesn't do so much if you don't create constant connections," said Marc Geffen, a senior marketing major at NYU's Stern School of Business. "It has to provide you some type of added value." The students said that contests and sweepstakes, deals for products, and cause-marketing elements all attract them to interact with a brand online.

"We're engaged in giving back to the community and a lot of people got engaged in giving back promotions," added Cuauhtemoc Sandoval, also a senior at NYU's Stern School of Business, who highlighted the Chase Community Giving campaign on Facebook.

While the students admitted that tools such as Twitter and FourSquare are not mainstream among most college students, they use the sites to build up networks, particularly around future jobs and internships. Jessica Roy, a senior at NYU and editor-in-chief of campus news blog NYU Local, explained how she was offered an internship by a Twitter follower who noticed she was looking. Roy also spoke about print vs. online reading habits, saying she reads mostly online because, "In terms of news content, our generation is very niche-oriented."

Each student expressed different opinions on which sites appeal to them and how companies can engage with them online, but there were a few common themes. Many students don't own a TV or get cable, preferring to watch online video, Hulu, or live-streams. Brands such as Pepsi, Levi's, Virgin America, Target, and Burger King were all mentioned as being involved in interesting online content. They also follow TechCrunch and Mashable. One question touched on the fine line between providing content and being annoying through social media. The students said a schedule of one to three posts a week on sites like Facebook is a good amount.

For those who follow social media daily, a lot of the information discussed was not new. Of course brands should aspire to create the next funny viral video, allow for interaction, and incorporate cause-marketing. And these tech-and-media-savvy students are a small chunk of the population - a fact they admitted themselves. But one comment rings true for college students and the general population: In-person events are still one of the best ways to attract consumers, particularly when free food is involved.

Read more about this event on Twitter: #smwnycfri

 

Toyota drops below Hummer in public perception poll

Erica Morris February 04, 2010

Consumer opinion of Toyota has dropped below the Hummer, according to the latest report by YouGov BrandIndex, which the company shared with PRWeek. Toyota slipped to a -17.1 rating on February 3, making it the worst perceived automaker on the BrandIndex poll, which determines brand perception by polling participants daily. Hummer is now in second place at -10.7.

The Toyota recall has garnered massive media attention, with critics saying the car maker didn't communicate the news in a timely or clear enough manner. BrandIndex is reporting that Toyota's fall from grace was swift; just two weeks ago, the company had a positive perception rating of 28.

 

Schwartz says goodbye with Twitter haiku

Aarti Shah February 04, 2010

This must be a first. Sun Microsystems CEO Jonathan Schwartz has bid farewell to his company by posting a haiku on Twitter. He tweets:  

Today's my last day at Sun. I'll miss it. Seems only fitting to end on a #haiku. Financial crisis/Stalled too many customers/CEO no more 

This tactic, in many ways, isn't surprising considering Schwartz's longstanding advocacy for using social media over more closed channels of communications. He also posted a farewell blog on January 27. Last year Oracle moved to buy a struggling Sun, in a deal that was completed last month.  

 

Ann Taylor Loft stumbles into criticism on blogger relations

Alexandra Bruell February 04, 2010

In the post-FTC ruling that bloggers must disclose freebies, Ann Taylor Loft is one of the first corporations to face backlash for an incentive program.

As reported by a number of online media outlets, an invite to preview the brand's summer collection included a gift-card drawing in exchange for coverage.

"Please note all bloggers must post coverage from our event to their blog within 24 hours in order to be eligible. Links to post must be sent to [address], along with the code on the back of your gift card distributed to you at the event. You will be notified of your gift card amount by February 2. Gift card amounts will vary from $10 to $500."

It appears that the Web is doing what it does best in a self-moderating capacity by pointing out those bloggers who did not disclose the compensation they received for posting reviews of the new collection. Jezebel is one outlet reporting that coverage has been overwhelmingly positive and almost none of the bloggers disclosed the incentive program.

The post also includes a response by Ann Taylor Loft president, Gary Muto.  

"We don't incentivize the press," protests Loft's president, Gary Muto. "We would never do that."

"They could write whatever they want. Obviously, there's freedom of speech."

It's well-known that this kind of incentive program runs rampant, especially in fashion and beauty. Will the FTC speak out on this instance or will Internet's reprimand be enough?

 

Social Media Week: Navigating social media and healthcare

Kimberly Maul February 04, 2010

Last night I attended a Social Media Week NY event at the NYU Stern School of Business called "Navigating Social Media Technology in Healthcare." Moderated by Augustine Fou, the group chief digital officer of Healthcare Consultancy Group, the panel included Dr. Jay Parkinson, partner of design company The Future Well; DJ Edgerton, CEO of interactive agency Zemoga; Ned Russell, MD of Saatchi Wellness; and Dr. Oliver Kharraz, COO and cofounder of online patient-doctor site ZocDoc.

The overall consensus of the panel was that healthcare and the pharmaceutical industry are starting to dabble in social media and digital technology, but roadblocks -- and opportunities -- remain. (For a more robust look at how those in the pharma are embracing social media, you can read PRWeek's February feature.)

"It's very exciting, at the beginning," said Kharraz. "We have to build on what's already out there and figure out how to use social media to make our lives better."

Fou pointed out that as the younger generation, which uses social media to get reviews of everything from music to restaurants, also want to use social media to learn more about certain drugs or doctors.

"These are habits that once acquired, are irreversible," he said, noting that that generation of doctors will also be more online-focused.

Saatchi Wellness' Russell said there is a lot of uncertainty in healthcare in general, which means those in the industry are even more uncertain of how to proceed with social media. Healthcare and pharmaceutical companies, he said, need to listen more.

"They have to become more open marketers," he said. He also added that social media in the healthcare space is not about building brands, but providing value to consumers. "In our world, it's going to be more about the [health] condition and how people get information about that condition."

Edgerton said one reason companies are unwilling to participate in social media outreach, or offer ways for consumers to comment online about their products, is the fact that brands must report adverse events, and that the burden is on them.

But, he adds, almost 9 out of 10 doctors refer to the Internet as a critical component in their practice.

"It's simply a monetary issue. If you pay doctors to communicate, they will communicate," Parkinson said. If they see the value of using social media to save them time and money, they will use it. Additionally, he added, "I think regulation needs to be relaxed so doctors can experiment."

Parkinson also founded Hello Health, which connects doctors and patients online, to schedule appointments and more. He predicts that soon, 20% of doctors and 20% of patients will be engaged in an e-patient relationship.

You can see the Twitter conversation about the event by following #smwhealthcare.

 

Super Bowl triggers art museum bet

Alexandra Bruell February 03, 2010

Those of us who find football relatively dull have another reason to tune in to the Super Bowl, aside from the funny commercials, controversial Tebow ad, and a chance to witness a halftime wardrobe malfunction. New Orleans and Indianapolis art museums are leveraging the Super Bowl hype via a bet that originated on Twitter.

USA Today reports:

If the New Orleans Saints win, the Indianapolis Museum of Art will lend The Fifth Plague of Egypt by 19th-century landscape painter J.M.W. Turner to the New Orleans Museum of Art for three months.

Apparantly, an arts blogger suggested the bet which then came to life when Indianapolis museum director Maxwell L. Anderson started a Twitter and e-mail bidding war with New Orleans' John Bullard. 

This is way more fun than an ad controversy surrounding a faith-based organization and gay dating site, and it could be the start of a larger tourism PR effort for both cities. 

 
 Subscribe to the RSS for this page  [view all our RSS feeds here]