Ken Auletta of the New Yorker on his book “Outside the Box: Netflix and the Future of Television.” We can’t always see the forest for the trees. The New Yorker’s Ken Auletta interview on Charlie Rose is worth watching; however, he misses the mark in a few key areas. Here’s a small sampling:
Rose: “So, what is going to happen to the advertising model?”
Auletta: I think it will decline. I think what has happened to the digital world, newspapers…the advertising dollars have fled newspapers and have fled magazines…I think that will happen in the digital world. I think they will go to the YouTubes and other places where they feel they can get people’s attention. Young people are not watching television the way their parents did and they are used to skipping ads or not watching ads as they are used to watching on mobile devices whenever they want and if you are a network programmer you say, “at 10:00 tonight we have this show, well most people, especially young, aren’t saying “I’m going to wait. I’m in power, you’re not in power.”
That might have been hard to track; Ken rambled a bit. I don’t think Moonves (or advertisers) need to be too worried. Advertising isn’t going anywhere; it is only going to increase. While newspaper newsrooms were expensive to run, they pale in comparison to the dollars TV spends on programming. Advertising – subsidized by cable fees and services like Netflix – is the only avenue for paying for all of this content. And boy, do we have an appetite for content! Video consumption is on the rise for all age groups.
If we look at total time spent viewing video content, long form, advertising-supported content drives the lion’s share of the hours spent. We are already seeing the fomenting MCN revolution; the YouTube content model, as it currently exists, can’t support itself. Auletta talks about YouTube as a viable replacement for TV but it has neither the range of long-form, high-quality content nor a financial model to support the creation of this content.
We will be digging into these themes at the Videonomics Orlando Summit March 16-18. Kris Magel of Initiative’s fireside chats with execs like Simulmedia’s Dave Morgan and CBS’s David Poltrack will shed light on the changing face of TV and how advertisers are successfully navigating this new world.
“Puppy Bowl” Attracts 13.5 Million Viewers, a New High for Annual Super Bowl Counter-Programming
Reach. Reach. Reach. This is why TV is FAR from dead. 112.2 MM Super Bowl viewers, 13.5 MM Puppy Bowl viewers, 6.8 million Downton Abbey viewers, and 6.1 Kitten Bowl viewers. While there was overlap across these broadcasts, there is a reason TV rules the roost. This is huge reach, and on a medium that is built for advertisers.
The Distorted View of YouTube Through a Television Lens
This could have just have easily been called “The Distorted View of TV Through a YouTube Lens.” No traditional media buyer would argue the power of online audience targeting, but dismissing the GRP in favor of engagement via comments or social shares is an argument the digital space needs to cool. GRPs are for measuring reach; engagement is placing value on a specific action.
Social Cause Content Company Upworthy Touts ‘Attention Minutes’ Metric
Continuing the trend of the last article’s quest for new metrics comes this piece that Upworthy is now looking to track attention. Does everyone else out there read this and just think “noise?” Why, as an advertiser, am I interested in the attention visitors are paying to site content? If we are tracking attention, wouldn’t the proper metric be advertising attention? I’m all for the creation of a new metric that matters, but these solutions need to focus on creating advertiser value.
Conversant Acquires Digital Video Technology Company SET Media
21 Reasons the NewFronts Will Be Huge (No. 1: BuzzFeed Is In) Web video showcase expanded to two weeks
Lots of new video entrants coming to the NewFronts including: BuzzFeed, Glam, Maker Studios, Scripps Networks, Time Inc., Time Warner Cable, and Vice.
2014 Network TV Upfront and Digital NewFronts Event Calendar