Fidelity Flexes Its Media Muscle

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Ad Age is reporting on a public feud between non-profit Save Darfur Coalition and Fidelity Investments.

The financial-services company has pressured CNN and Newsweek to hold off running coalition ads critical of Fidelity’s investment in PetroChina, a company whose parent, China National Petroleum, is one of Sudan’s largest oil-industry partners.
Clearly, when it comes to ad clout, Fidelity has the upper hand. The Save Darfur Coalition spent $18.9 million on advertising last year, according to TNS Media Intelligence, compared with Fidelity’s $230 million.
The coalition has also homed in on Berkshire Hathaway Corp. — another top investor in PetroChina — without incident. During a stockholders’ meeting last week in Nebraska, the coalition placed Berkshire-targeted ads on billboards in Omaha as well as in the Omaha World Herald and the regional USA Today.

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About David Burn

Native Nebraskan in the Pacific Northwest. Chief Storyteller at Bonehook, a guide service and bait shop for brands. Co-founder and editor of AdPulp. Contributor to The Content Strategist. Doer of the things written about herein.

  • http://analysis.ning.com/ Admango China

    Did we need an ad. to know that ?? The message is already known ; Thanks to remind us… This is however not an anti-promotion for PetroChina as the company name is not quoted in the billboard. It is more a general critic and finger pointing against all foreign investors in the region. PetroChina first.