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Advertising News and Know-How
The stock market is on fire. So, why are advertising agency stocks are languishing on the vine? According to The New York Times, WPP, which owns agencies including Y&R and Ogilvy & Mather, said annual net sales may be flat or grow up to 1 percent as it reported that the measure shrank in the first half of the year. The company’s stock tumbled 11 percent in London and its closing price was the lowest in more …
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Hear Ye, Hear Ye. 21% of Americans ages 12 and up have listened to a podcast in the past month. That is up from 17% in 2015. With one in five Americans tuning in, advertising pros are taking notice and grabbing the mic. https://youtu.be/EdI8zL0X6vs According to Digiday, "Ad agencies have caught podcast fever." Digiday highlights and recommends the following: Madison and Culture from Y&R The A-List …
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British Ad man, Mark Wnek, wants advertising people to loosen up. At what point did ad agency clients start coming to us because we're the same as them? Never, I would guess. But somewhere along the line (perhaps it was pitch "chemistry" sessions?) agencies came to believe that the best way to win was to look, sound, be like the client. At what point? I can answer that, Mark! The point at which the …
What happens when creative professionals rise too far up the agency ranks too fast? Word is they may lose touch with their craft. Veteran copywriter Ernie Schenck weighs in on the view from the top of the pyramid: ...far above the creative tree line, there’s nowhere to hide. And until that moment, there has always been somewhere to hide. But that’s not the worst of it. How do you stay creatively motivated …
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A decade ago many “digital agencies” were primarily production shops sub-contracting out to the big agencies in big cities. It was a profitable business for several years, but many clients were not fully satisfied. Something was missing. According to Joe Olsen, CEO of Rova, that something was the strategy that would wed digital production to their business goals. This unmet need introduced consultants into the …
Butler, Shine, Stern & Partners is one of the few ad agenices in America worthy of admiration. The reasons are many, and now we have a new one. Forced to defend the account once again, BSSP is walking away from BMW Mini after 11 years. https://youtu.be/X9p1JAy9GWs According to Campaign, agency CEO , Greg Stern said: There has been very aggressive cost-cutting on their part in terms of a mandated …
Do you get tired of reading about how the ad agency business sucks, and how no one wants to work in advertising any longer due to the long hours, low pay and lack of prestige? Personally, I see many of these sour takes on the industry as little more than ill-informed attempts to fill space. Digiday is running one of these "bitch and moan" sessions right now. Managing Editor, Shareen Pathak, posits: All …
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Do the coastal elites who work in Manhattan and L.A. ad agencies truly understand what motivates the people in the middle of the nation to buy hamburgers, life insurance policies, and pickup trucks? Clearly, the best of them do. So, is there anything to the claim that agency staffers need an education in Red State America? Patrick Coffee, senior editor for Adweek, travelled to Nashville recently to meet Paul …
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