At the end of each year, we invite some of our colleagues from around the media industry to reflect on the past year and offer insight into the year ahead.
This year, we talked to:
Linda Thomas Brooks, President and CEO, The Association of Magazine Media
David Chavern, President and CEO, News Media Alliance
Julie Ford, President, Digital Advertising Alliance of Canada
Derek Lackey, Managing Partner, Newport Thomson and President, Direct Marketing Association of Canada
Michael Marchesano, Managing Director, Connectiv
Leo Scullin, Vice President of Industry Programs, Mobile Marketing Association
Pedro Silva, President, International Federation of Audit Bureaux of Certification (IFABC)
Accomplishments and Surprises in 2018
When asked about accomplishments in 2018, many of our respondents talked about their advocacy work to further bolster the value of quality media in the eyes of readers and marketers.
“In 2018, the media industry came together to stand up for itself—and won,” said Chavern. “In a landscape that is increasingly digitally focused and with literally countless sources for information at users’ fingertips, news publishers have had to fight—hard—just for the right to exist. But we have shown that our ability to effectively advocate on our own collective behalf should not be discounted.”
Marchesano said that 2018 was a year of audience recognition, “In 2018, the broader media industry caught up to what B2B media and information companies have recognized for years now: the potential of the audience-driven future. Audience is our most valuable asset.”
Thomas Brooks said she hopes the past year has differentiated the level of audience quality media outlets deliver. “Not all content is created equal. And not all audiences—or the numbers that purport to represent audiences—are created equal. Measurement matters. Third-party, audited, verifiable measurement matters even more.”
Many organizations on our list warned about concerns of consumer privacy and protection.
“The regulators are watching,” said Ford. “There was a lot of movement in the privacy space in 2018, especially with the ripple effects of the GDPR and prominent data breaches making headlines. The regulators in Canada and worldwide have an important role to play, and they are paying attention to the digital ad industry right now.”
Scullin said given the issues that arose in 2018, we should expect broader government intervention in the coming year. “There was a wake-up call on consumer privacy: GDPR, California laws and the mishandling of data, especially by the largest advertising platforms and the technology-enablers. The breaches, from Facebook to Marriott, all underscore this problem, and we can now expect government regulation.”
Silva agreed the problems with privacy were a surprise development in 2018 but also noted the pace of change and development in technologies as a more welcome change.
Thomas Brooks reflected on 2018 by noting an area of growth. “I was pleasantly surprised by the number of D-to-C brands that created their own magazines over the past year. These companies know that their continued business growth depends on reaching broad audiences in highly engaging ways that educate, inspire and entertain.”
Media Industry Influencers
We also asked the respondents to identify people or companies who had a large influence on the media industry in the past year. Last year, many respondents identified P&G’s Marc Pritchard. Here’s who they thought made waves this year.
“Advertisers, directly or through their associations, have continued being much more vocal than in the recent past,” said Silva. “Many have walked the talk.”
Ford offered, “Integrate.ai is such an interesting company to watch. Kathryn Hume is a fantastic speaker and their newsletter is insightful. Ratko Vidakovic’s weekly newsletter, AdProfs’ “This week in ad tech,” is also a can’t-miss.”
Thomas Brooks said, “Individually and collectively, magazine editors are the original influencers. They regularly produce the most compelling content that is professionally researched, written, edited and curated. In a media ecosystem that is getting more and more crowded every day, magazine editors create and sustain their brands, which have become a ‘shortcut to quality’ for consumers and marketers.”
And Scullin went outside the traditional media industry to someone who has been expanding his focus. “Jeff Bezos. For making unmistakable inroads, almost stealth-like, into all corners of our minds, lives and the advertising business.”
What’s in Store for 2019?
When asked to make predictions for trends in 2019, we saw common themes of consumer privacy and regulations, quality content and promoting audiences.
“GDPR has caused many countries around the world to revisit their own laws regarding data and privacy protection,” explained Lackey. “After 20 years of observing corporations use personal data with no restrictions, law makers have realized how far they have let the fox into the hen house. Regulations are now urgently required to protect individuals from real harm. 2019 will see much stronger data protection laws with real enforcement teeth.”
He offered a specific example of how companies in the U.S. may be impacted by a state law. “The California Consumer Protection Act 2018 or CaCPA is scheduled to come into force on January 1, 2020. There is much work to be done as this law is tough on those who share or sell personal data as part of their business model. You should see a lot more media attention as 2019 rolls out and people begin realizing what this law is all about.”
Silva agreed. “Privacy issues have been addressed in some places and started to spread globally during 2018. I believe ad fraud will also be addressed locally first and eventually spread. Currently the level of awareness of these problems are not at the same level of the damage they cause.”
Scullin expanded…
